Robert W. Baird Boosts e.l.f. Beauty (NYSE:ELF) Price Target to $100.00

e.l.f. Beauty (NYSE:ELF - Free Report) had its price objective increased by Robert W. Baird from $85.00 to $100.00 in a research report released on Wednesday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other analysts have also recently weighed in on the stock. The Goldman Sachs Group dropped their target price on shares of e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Truist Financial dropped their price objective on shares of e.l.f. Beauty from $100.00 to $75.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. UBS Group reduced their price objective on e.l.f. Beauty from $74.00 to $59.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Stifel Nicolaus lowered their price objective on shares of e.l.f. Beauty from $115.00 to $105.00 and set a "hold" rating on the stock in a research note on Monday, February 3rd. Finally, DA Davidson dropped their price objective on e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $112.47.

e.l.f. Beauty Trading Down 0.0%

e.l.f. Beauty stock traded down $0.01 during midday trading on Wednesday, reaching $79.29. The stock had a trading volume of 684,435 shares, compared to its average volume of 2,407,200. e.l.f. Beauty has a twelve month low of $49.40 and a twelve month high of $219.77. The stock's 50-day simple moving average is $62.23 and its 200 day simple moving average is $93.31. The stock has a market capitalization of $4.47 billion, a PE ratio of 46.87, 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 Buying and Selling at e.l.f. Beauty

In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 51,353 shares of the company's stock in a transaction on Monday, April 21st. The stock was sold at an average price of $53.36, for a total value of $2,740,196.08. Following the sale, the senior vice president now directly owns 114,660 shares in the company, valued at $6,118,257.60. This represents a 30.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Kory Marchisotto sold 51,350 shares of the company's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $53.36, for a total transaction of $2,740,036.00. Following the completion of the sale, the insider now directly owns 152,492 shares in the company, valued at approximately $8,136,973.12. The trade was a 25.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 204,618 shares of company stock valued at $10,974,536 in the last ninety days. Company insiders own 3.50% of the company's stock.

Institutional Investors Weigh In On e.l.f. Beauty

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. raised its holdings in e.l.f. Beauty by 51.0% during the 4th quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company's stock worth $1,005,584,000 after purchasing an additional 2,703,742 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of e.l.f. Beauty by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 5,497,208 shares of the company's stock worth $690,174,000 after buying an additional 68,103 shares during the last quarter. Champlain Investment Partners LLC raised its position in shares of e.l.f. Beauty by 19.7% during the 1st quarter. Champlain Investment Partners LLC now owns 2,665,026 shares of the company's stock valued at $167,337,000 after acquiring an additional 438,575 shares during the last quarter. William Blair Investment Management LLC boosted its holdings in e.l.f. Beauty by 40.9% during the fourth quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company's stock worth $289,437,000 after buying an additional 669,321 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its stake in e.l.f. Beauty by 17.5% during the 4th quarter. Clearbridge Investments LLC now owns 1,772,528 shares of the company's stock worth $222,541,000 after acquiring an additional 264,296 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company's stock.

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.