e.l.f. Beauty (NYSE:ELF) Price Target Raised to $150.00

e.l.f. Beauty (NYSE:ELF) had its target price lifted by equities researchers at Truist Financial from $130.00 to $150.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price target would indicate a potential upside of 11.11% from the company’s previous close.

Several other equities research analysts have also recently issued reports on the company. B. Riley decreased their price objective on e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. The Goldman Sachs Group assumed coverage on shares of e.l.f. Beauty in a research note on Friday, December 13th. They set a “buy” rating and a $165.00 price objective for the company. Canaccord Genuity Group decreased their target price on shares of e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of e.l.f. Beauty in a research report on Thursday, December 12th. They set a “hold” rating and a $133.00 price target for the company. Finally, Morgan Stanley decreased their price target on shares of e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating on the stock in a report on Monday, September 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $171.82.

e.l.f. Beauty Price Performance

e.l.f. Beauty stock traded up $0.11 during mid-day trading on Wednesday, hitting $135.00. 140,244 shares of the company were exchanged, compared to its average volume of 1,949,775. e.l.f. Beauty has a 12-month low of $98.50 and a 12-month high of $221.83. The company has a market capitalization of $7.60 billion, a P/E ratio of 72.97, a PEG ratio of 3.03 and a beta of 1.49. The business’s 50 day simple moving average is $120.36 and its two-hundred day simple moving average is $148.02. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.34. The business had revenue of $301.10 million during the quarter, compared to the consensus estimate of $289.43 million. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The company’s quarterly revenue was up 39.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.66 earnings per share. Analysts forecast that e.l.f. Beauty will post 2.8 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Maureen C. Watson sold 785 shares of e.l.f. Beauty stock in a transaction on Friday, November 29th. The shares were sold at an average price of $130.00, for a total value of $102,050.00. Following the completion of the sale, the director now owns 1,888 shares in the company, valued at approximately $245,440. The trade was a 29.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Scott Milsten sold 530 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $72,928.00. Following the transaction, the insider now owns 68,853 shares in the company, valued at $9,474,172.80. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,205 shares of company stock worth $297,442 over the last ninety days. Corporate insiders own 3.50% of the company’s stock.

Institutional Trading of e.l.f. Beauty

Several institutional investors and hedge funds have recently bought and sold shares of the company. Picton Mahoney Asset Management raised its position in shares of e.l.f. Beauty by 3.2% during the 2nd quarter. Picton Mahoney Asset Management now owns 2,430 shares of the company’s stock valued at $512,000 after acquiring an additional 75 shares in the last quarter. Hanseatic Management Services Inc. grew its holdings in shares of e.l.f. Beauty by 1.7% during the second quarter. Hanseatic Management Services Inc. now owns 4,507 shares of the company’s stock valued at $950,000 after purchasing an additional 77 shares during the last quarter. Evergreen Capital Management LLC raised its position in shares of e.l.f. Beauty by 2.1% during the 2nd quarter. Evergreen Capital Management LLC now owns 4,777 shares of the company’s stock worth $1,007,000 after purchasing an additional 99 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in shares of e.l.f. Beauty in the 2nd quarter worth approximately $26,000. Finally, Cetera Trust Company N.A boosted its position in e.l.f. Beauty by 14.4% during the 3rd quarter. Cetera Trust Company N.A now owns 1,030 shares of the company’s stock valued at $112,000 after purchasing an additional 130 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

About e.l.f. Beauty

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.