e.l.f. Beauty (NYSE:ELF) Stock Price Up 7.1% – Here’s Why

e.l.f. Beauty (NYSE:ELF) shares rose 7.1% during trading on Monday . The stock traded as high as $53.10 and last traded at $53.11. Approximately 832,013 shares were traded during trading, a decline of 69% from the average daily volume of 2,710,859 shares. The stock had previously closed at $49.57.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ELF. Piper Sandler lowered their price target on shares of e.l.f. Beauty from $60.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, May 21st. Evercore assumed coverage on e.l.f. Beauty in a research report on Thursday, April 2nd. They set an “inline” rating and a $68.00 price objective on the stock. Raymond James Financial reissued a “strong-buy” rating and set a $85.00 target price on shares of e.l.f. Beauty in a research report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft set a $65.00 price target on e.l.f. Beauty in a report on Thursday, May 14th. Finally, Robert W. Baird decreased their price target on shares of e.l.f. Beauty from $115.00 to $90.00 and set an “outperform” rating for the company in a report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, e.l.f. Beauty currently has an average rating of “Moderate Buy” and a consensus target price of $79.60.

e.l.f. Beauty Trading Up 6.1%

The company has a debt-to-equity ratio of 0.72, a current ratio of 2.35 and a quick ratio of 1.69. The company’s fifty day moving average is $59.88 and its 200-day moving average is $73.33. The stock has a market cap of $3.13 billion, a PE ratio of 113.91, a PEG ratio of 2.04 and a beta of 1.63.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, May 20th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.03. e.l.f. Beauty had a net margin of 1.61% and a return on equity of 11.02%. The firm had revenue of $449.29 million during the quarter, compared to analysts’ expectations of $423.06 million. During the same quarter last year, the company posted $0.78 earnings per share. The firm’s revenue was up 35.1% compared to the same quarter last year. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. On average, analysts predict that e.l.f. Beauty will post 2.41 earnings per share for the current fiscal year.

Insider Buying and Selling at e.l.f. Beauty

In other e.l.f. Beauty news, insider Kory Marchisotto sold 23,796 shares of the business’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $63.66, for a total transaction of $1,514,853.36. Following the transaction, the insider owned 152,417 shares of the company’s stock, valued at approximately $9,702,866.22. The trade was a 13.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jennifer Catherine Hartnett sold 10,318 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $51.94, for a total transaction of $535,916.92. Following the completion of the transaction, the insider owned 58,408 shares in the company, valued at $3,033,711.52. The trade was a 15.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 235,649 shares of company stock valued at $14,647,024. Corporate insiders own 3.90% of the company’s stock.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Cim Investment Management Inc. acquired a new position in e.l.f. Beauty in the first quarter valued at $366,000. Bank of America Corp DE increased its stake in e.l.f. Beauty by 45.9% during the 1st quarter. Bank of America Corp DE now owns 418,431 shares of the company’s stock worth $25,361,000 after buying an additional 131,572 shares during the period. Edgestream Partners L.P. increased its stake in e.l.f. Beauty by 9.0% during the 1st quarter. Edgestream Partners L.P. now owns 19,727 shares of the company’s stock worth $1,196,000 after buying an additional 1,621 shares during the period. Centaurus Financial Inc. purchased a new stake in e.l.f. Beauty during the 1st quarter worth $315,000. Finally, Amundi purchased a new stake in e.l.f. Beauty during the 1st quarter worth $333,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Company Profile

e.l.f. Beauty (NYSE: ELF) is an American cosmetics company known for offering an extensive range of affordable, trend-driven makeup and skincare products. The company’s portfolio spans foundations, lipsticks, mascaras, brushes, serums, masks and other beauty essentials, all positioned at accessible price points. e.l.f. Beauty maintains a direct-to-consumer platform through its e-commerce site and engages in widespread retail partnerships with major chains such as Target, Walmart, Ulta Beauty and Amazon.

Founded in 2004 and headquartered in Oakland, California, e.l.f.