e.l.f. Beauty (NYSE:ELF) Trading Up 6.2%

e.l.f. Beauty, Inc. (NYSE:ELF) was up 6.2% during trading on Thursday . The company traded as high as $217.26 and last traded at $217.26. Approximately 857,711 shares were traded during trading, a decline of 45% from the average daily volume of 1,545,587 shares. The stock had previously closed at $204.59.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ELF shares. Stifel Nicolaus cut their target price on shares of e.l.f. Beauty from $167.00 to $151.00 and set a “hold” rating on the stock in a research report on Monday, May 20th. JPMorgan Chase & Co. dropped their target price on shares of e.l.f. Beauty from $197.00 to $182.00 and set an “overweight” rating on the stock in a research report on Thursday, May 23rd. DA Davidson reissued a “buy” rating and set a $220.00 target price on shares of e.l.f. Beauty in a research report on Monday, June 3rd. TD Cowen boosted their target price on shares of e.l.f. Beauty from $190.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Finally, Canaccord Genuity Group boosted their target price on shares of e.l.f. Beauty from $214.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $198.93.

e.l.f. Beauty Stock Performance

The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.95 and a current ratio of 1.60. The firm’s 50 day moving average is $181.64 and its 200-day moving average is $174.46. The stock has a market capitalization of $11.79 billion, a price-to-earnings ratio of 94.93, a PEG ratio of 5.53 and a beta of 1.54.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, May 22nd. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.16. The firm had revenue of $321.14 million during the quarter, compared to analysts’ expectations of $292.47 million. e.l.f. Beauty had a net margin of 12.47% and a return on equity of 26.64%. Analysts forecast that e.l.f. Beauty, Inc. will post 2.85 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Jennifer Catherine Hartnett sold 9,808 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $184.96, for a total value of $1,814,087.68. Following the completion of the sale, the insider now owns 61,647 shares of the company’s stock, valued at approximately $11,402,229.12. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Jennifer Catherine Hartnett sold 9,808 shares of the company’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $184.96, for a total transaction of $1,814,087.68. Following the completion of the sale, the insider now owns 61,647 shares of the company’s stock, valued at $11,402,229.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Tarang Amin sold 6,832 shares of the company’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $162.63, for a total transaction of $1,111,088.16. Following the sale, the chief executive officer now directly owns 228,175 shares of the company’s stock, valued at approximately $37,108,100.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 256,167 shares of company stock valued at $44,029,811. 5.20% of the stock is owned by corporate insiders.

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

A number of hedge funds have recently modified their holdings of ELF. Armstrong Advisory Group Inc. grew its holdings in shares of e.l.f. Beauty by 390.2% in the fourth quarter. Armstrong Advisory Group Inc. now owns 201 shares of the company’s stock valued at $29,000 after purchasing an additional 160 shares during the period. Harbor Investment Advisory LLC acquired a new position in e.l.f. Beauty in the first quarter valued at about $31,000. Oakworth Capital Inc. acquired a new position in e.l.f. Beauty in the first quarter valued at about $33,000. GPS Wealth Strategies Group LLC lifted its position in e.l.f. Beauty by 66.4% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 243 shares of the company’s stock valued at $35,000 after buying an additional 97 shares during the last quarter. Finally, Rise Advisors LLC acquired a new position in e.l.f. Beauty in the first quarter valued at about $40,000. 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, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.