e.l.f. Beauty (NYSE:ELF) Rating Increased to Buy at TD Cowen

e.l.f. Beauty (NYSE:ELF - Get Free Report) was upgraded by equities research analysts at TD Cowen from a "hold" rating to a "buy" rating in a note issued to investors on Wednesday, Marketbeat reports. The firm currently has a $190.00 target price on the stock, down from their prior target price of $220.00. TD Cowen's target price would indicate a potential upside of 14.28% from the stock's previous close.

ELF has been the subject of several other research reports. StockNews.com lowered shares of e.l.f. Beauty from a "hold" rating to a "sell" rating in a research note on Wednesday, February 7th. Robert W. Baird began coverage on e.l.f. Beauty in a research report on Tuesday, January 30th. They set a "neutral" rating and a $185.00 target price on the stock. DA Davidson reissued a "buy" rating and issued a $220.00 price target on shares of e.l.f. Beauty in a report on Monday, April 8th. Raymond James upped their price objective on shares of e.l.f. Beauty from $140.00 to $180.00 and gave the company a "strong-buy" rating in a report on Monday, January 22nd. Finally, Stifel Nicolaus increased their price objective on shares of e.l.f. Beauty from $141.00 to $167.00 and gave the company a "hold" rating in a research report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $184.33.

e.l.f. Beauty Trading Up 0.4 %

Shares of NYSE:ELF traded up $0.58 during trading on Wednesday, hitting $166.26. The company had a trading volume of 1,728,187 shares, compared to its average volume of 1,540,140. e.l.f. Beauty has a one year low of $83.80 and a one year high of $221.83. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.50 and a quick ratio of 0.83. The company has a fifty day simple moving average of $186.67 and a two-hundred day simple moving average of $148.31. The stock has a market cap of $9.23 billion, a price-to-earnings ratio of 73.41, a price-to-earnings-growth ratio of 1.52 and a beta of 1.57.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.11. The company had revenue of $270.94 million for the quarter, compared to analysts' expectations of $239.66 million. e.l.f. Beauty had a return on equity of 28.98% and a net margin of 14.53%. As a group, equities analysts forecast that e.l.f. Beauty will post 2.5 earnings per share for the current year.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 727 shares of e.l.f. Beauty stock in a transaction on Monday, April 15th. The shares were sold at an average price of $165.16, for a total transaction of $120,071.32. Following the sale, the senior vice president now owns 83,736 shares of the company's stock, valued at approximately $13,829,837.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 727 shares of the firm's stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $165.16, for a total value of $120,071.32. Following the transaction, the senior vice president now directly owns 83,736 shares of the company's stock, valued at approximately $13,829,837.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tarang Amin sold 23,519 shares of the business's stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $198.89, for a total value of $4,677,693.91. Following the transaction, the chief executive officer now owns 10,889 shares in the company, valued at $2,165,713.21. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company's stock.

Hedge Funds Weigh In On e.l.f. Beauty

A number of institutional investors have recently bought and sold shares of the company. Griffin Asset Management Inc. purchased a new stake in e.l.f. Beauty in the first quarter valued at $345,000. WD Rutherford LLC increased its position in shares of e.l.f. Beauty by 10.7% during the 1st quarter. WD Rutherford LLC now owns 13,542 shares of the company's stock worth $2,655,000 after purchasing an additional 1,312 shares during the last quarter. Harbour Capital Advisors LLC purchased a new stake in e.l.f. Beauty in the 1st quarter valued at about $258,000. Wealth Enhancement Advisory Services LLC lifted its position in e.l.f. Beauty by 43.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,427 shares of the company's stock valued at $672,000 after buying an additional 1,031 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in e.l.f. Beauty by 997.6% during the first quarter. Sunbelt Securities Inc. now owns 900 shares of the company's stock worth $176,000 after buying an additional 818 shares during the period. 92.44% of the stock is owned by hedge funds and other institutional investors.

About e.l.f. Beauty

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.