e.l.f. Beauty (NYSE:ELF) Stock Price Expected to Rise, Raymond James Financial Analyst Says

e.l.f. Beauty (NYSE:ELF) had its price target raised by analysts at Raymond James Financial from $155.00 to $165.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “strong-buy” rating on the stock. Raymond James Financial’s price objective indicates a potential upside of 29.74% from the stock’s current price.

Several other equities research analysts also recently issued reports on ELF. Weiss Ratings reiterated a “hold (c)” rating on shares of e.l.f. Beauty in a report on Wednesday, October 8th. B. Riley upped their price target on e.l.f. Beauty from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. UBS Group upped their price target on e.l.f. Beauty from $112.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft downgraded e.l.f. Beauty from a “buy” rating to a “hold” rating and upped their price objective for the company from $121.00 to $128.00 in a research note on Tuesday, September 2nd. Finally, Morgan Stanley upped their price objective on e.l.f. Beauty from $134.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $142.73.

e.l.f. Beauty Trading Down 0.2%

NYSE ELF opened at $127.18 on Monday. The company has a market cap of $7.54 billion, a price-to-earnings ratio of 74.81, a P/E/G ratio of 2.95 and a beta of 1.57. e.l.f. Beauty has a 52 week low of $49.40 and a 52 week high of $150.99. The business has a 50 day moving average price of $131.59 and a 200-day moving average price of $108.35. The company has a quick ratio of 2.34, a current ratio of 3.26 and a debt-to-equity ratio of 0.32.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Wednesday, August 6th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. e.l.f. Beauty had a return on equity of 16.36% and a net margin of 7.29%.The company had revenue of $353.74 million for the quarter, compared to analysts’ expectations of $348.99 million. During the same quarter in the previous year, the firm earned $1.10 earnings per share. e.l.f. Beauty’s quarterly revenue was up 9.0% on a year-over-year basis. As a group, equities analysts expect that e.l.f. Beauty will post 2.38 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Tarang Amin sold 116,315 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $132.24, for a total transaction of $15,381,495.60. Following the transaction, the chief executive officer owned 81,818 shares of the company’s stock, valued at $10,819,612.32. This represents a 58.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Joshua Allen Franks sold 7,913 shares of the company’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $145.00, for a total value of $1,147,385.00. Following the transaction, the senior vice president directly owned 99,369 shares in the company, valued at $14,408,505. This represents a 7.38% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 301,060 shares of company stock worth $40,994,733. 3.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Champlain Investment Partners LLC lifted 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 buying an additional 438,575 shares during the last quarter. Swedbank AB lifted its position in shares of e.l.f. Beauty by 42.6% during the 1st quarter. Swedbank AB now owns 1,157,760 shares of the company’s stock valued at $72,696,000 after buying an additional 345,760 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of e.l.f. Beauty by 11.0% during the 2nd quarter. Mackenzie Financial Corp now owns 957,941 shares of the company’s stock valued at $119,206,000 after buying an additional 95,270 shares during the last quarter. Congress Asset Management Co. lifted its holdings in e.l.f. Beauty by 1.3% during the 2nd quarter. Congress Asset Management Co. now owns 951,309 shares of the company’s stock worth $118,381,000 after purchasing an additional 12,339 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in e.l.f. Beauty during the 2nd quarter worth about $118,058,000. Hedge funds and other 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.