Robert W. Baird Issues Positive Forecast for e.l.f. Beauty (NYSE:ELF) Stock Price

e.l.f. Beauty (NYSE:ELF - Get Free Report) had its price target hoisted by Robert W. Baird from $85.00 to $100.00 in a report released on Wednesday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Robert W. Baird's price objective would suggest a potential upside of 27.63% from the stock's current price.

A number of other equities analysts have also issued reports on ELF. UBS Group lowered their price target on e.l.f. Beauty from $74.00 to $59.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. B. Riley reiterated a "buy" rating and set a $90.00 target price (down from $150.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. JPMorgan Chase & Co. decreased their price target on e.l.f. Beauty from $127.00 to $70.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Raymond James lowered their target price on shares of e.l.f. Beauty from $120.00 to $85.00 and set a "strong-buy" rating for the company in a research note on Thursday, April 17th. Finally, Stifel Nicolaus reduced their price objective on shares of e.l.f. Beauty from $115.00 to $105.00 and set a "hold" rating for the company in a report on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $112.47.

e.l.f. Beauty Stock Up 5.8%

e.l.f. Beauty stock opened at $78.35 on Wednesday. The firm has a 50 day moving average price of $61.83 and a 200 day moving average price of $94.07. e.l.f. Beauty has a fifty-two week low of $49.40 and a fifty-two week high of $219.77. The company has a market capitalization of $4.42 billion, a PE ratio of 46.36, a price-to-earnings-growth ratio of 6.76 and a beta of 1.31. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90.

Insider Activity

In other e.l.f. Beauty news, Director Maureen C. Watson sold 4,000 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $67.39, for a total transaction of $269,560.00. Following the completion of the transaction, the director now owns 1,888 shares in the company, valued at $127,232.32. This trade represents a 67.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Tarang Amin sold 97,915 shares of the business's stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $53.36, for a total transaction of $5,224,744.40. Following the transaction, the chief executive officer now directly owns 181,289 shares of the company's stock, valued at approximately $9,673,581.04. This represents a 35.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold 204,618 shares of company stock worth $10,974,536 in the last quarter. 3.50% of the stock is owned by corporate insiders.

Institutional Trading of e.l.f. Beauty

Large investors have recently modified their holdings of the business. Baillie Gifford & Co. lifted its stake in shares of e.l.f. Beauty by 51.0% in the 4th quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company's stock valued at $1,005,584,000 after purchasing an additional 2,703,742 shares during the period. Champlain Investment Partners LLC lifted its position in e.l.f. Beauty by 99.7% during the fourth quarter. Champlain Investment Partners LLC now owns 2,226,451 shares of the company's stock valued at $279,531,000 after buying an additional 1,111,550 shares during the period. William Blair Investment Management LLC boosted its holdings in shares of e.l.f. Beauty by 40.9% during the 4th quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company's stock valued at $289,437,000 after buying an additional 669,321 shares in the last quarter. Aspex Management HK Ltd purchased a new stake in shares of e.l.f. Beauty in the 4th quarter worth about $73,576,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of e.l.f. Beauty in the 4th quarter worth about $68,775,000. 92.44% of the stock is owned by institutional investors.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.

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