e.l.f. Beauty (NYSE:ELF) Price Target Raised to $125.00

e.l.f. Beauty (NYSE:ELF) had its price objective hoisted by Truist Financial from $75.00 to $125.00 in a report published on Friday,Benzinga reports. They currently have a buy rating on the stock.

ELF has been the topic of a number of other reports. 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 research note on Friday, February 21st. Canaccord Genuity Group set a $114.00 target price on shares of e.l.f. Beauty in a research note on Thursday. Robert W. Baird boosted their target price on shares of e.l.f. Beauty from $85.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, May 14th. Morgan Stanley boosted their target price on shares of e.l.f. Beauty from $70.00 to $105.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, UBS Group boosted their target price on shares of e.l.f. Beauty from $59.00 to $84.00 and gave the company a “neutral” rating in a research note on Wednesday, May 21st. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $117.76.

e.l.f. Beauty Stock Up 0.7%

e.l.f. Beauty stock opened at $112.61 on Friday. e.l.f. Beauty has a fifty-two week low of $49.40 and a fifty-two week high of $219.77. The stock has a market cap of $6.35 billion, a PE ratio of 66.63, a price-to-earnings-growth ratio of 6.76 and a beta of 1.31. The firm’s 50-day simple moving average is $67.23 and its 200 day simple moving average is $91.44. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, May 28th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.06. e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. The business had revenue of $332.65 million for the quarter, compared to analysts’ expectations of $327.45 million. During the same period in the previous year, the company earned $0.53 earnings per share. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. Research analysts predict that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

Insider Activity

In related news, CEO Tarang Amin sold 97,915 shares of the company’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 sale, the chief executive officer now 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jennifer Catherine Hartnett sold 18,383 shares of the company’s stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $109.99, for a total transaction of $2,021,946.17. Following the sale, the insider now directly owns 54,163 shares in the company, valued at $5,957,388.37. This trade represents a 25.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 223,001 shares of company stock valued at $12,996,483 over the last quarter. Company insiders own 3.50% of the company’s stock.

Institutional Trading of e.l.f. Beauty

Hedge funds and other institutional investors have recently bought and sold shares of the company. Nemes Rush Group LLC bought a new position in shares of e.l.f. Beauty in the 4th quarter worth $27,000. Orion Capital Management LLC bought a new position in shares of e.l.f. Beauty in the 4th quarter worth $30,000. Promus Capital LLC bought a new position in shares of e.l.f. Beauty in the 4th quarter worth $31,000. Kestra Investment Management LLC bought a new position in shares of e.l.f. Beauty in the 4th quarter worth $32,000. Finally, Golden State Wealth Management LLC bought a new position in shares of e.l.f. Beauty in the 1st quarter worth $33,000. Institutional investors 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.