TD Cowen Raises e.l.f. Beauty (NYSE:ELF) Price Target to $235.00

e.l.f. Beauty (NYSE:ELF) had its price target hoisted by TD Cowen from $190.00 to $235.00 in a report published on Tuesday, Benzinga reports. The brokerage currently has a buy rating on the stock.

ELF has been the subject of several other reports. Stifel Nicolaus cut their price objective on e.l.f. Beauty from $167.00 to $151.00 and set a hold rating for the company in a research note on Monday, May 20th. Piper Sandler dropped their price target on e.l.f. Beauty from $216.00 to $210.00 and set an overweight rating for the company in a research report on Thursday, May 23rd. StockNews.com lowered e.l.f. Beauty from a hold rating to a sell rating in a research report on Wednesday, February 7th. Truist Financial upped their price target on e.l.f. Beauty from $200.00 to $210.00 and gave the company a buy rating in a research report on Wednesday, May 29th. Finally, Bank of America dropped their price target on e.l.f. Beauty from $230.00 to $220.00 and set a buy rating for the company in a research report on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, e.l.f. Beauty currently has an average rating of Moderate Buy and a consensus price target of $188.00.

e.l.f. Beauty Price Performance

NYSE:ELF opened at $177.52 on Tuesday. e.l.f. Beauty has a 12 month low of $88.47 and a 12 month high of $221.83. The stock has a 50 day moving average of $171.07 and a two-hundred day moving average of $165.87. The company has a current ratio of 1.60, a quick ratio of 0.95 and a debt-to-equity ratio of 0.25. The firm has a market cap of $9.93 billion, a P/E ratio of 79.96, a price-to-earnings-growth ratio of 4.70 and a beta of 1.54.

Insiders Place Their Bets

In other news, CEO Tarang Amin sold 6,832 shares of the company’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $162.63, for a total value of $1,111,088.16. Following the sale, the chief executive officer now owns 228,175 shares in the company, valued at approximately $37,108,100.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Tarang Amin sold 6,832 shares of the business’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $162.63, for a total transaction of $1,111,088.16. Following the completion of the sale, the chief executive officer now owns 228,175 shares of the company’s stock, valued at approximately $37,108,100.25. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jennifer Catherine Hartnett sold 9,808 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 61,647 shares of the company’s stock, valued at approximately $11,402,229.12. The disclosure for this sale can be found here. Insiders have sold 245,095 shares of company stock worth $42,024,340 in the last quarter. 5.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of e.l.f. Beauty by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 6,050,649 shares of the company’s stock valued at $873,351,000 after acquiring an additional 79,701 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of e.l.f. Beauty by 5.2% in the fourth quarter. Wellington Management Group LLP now owns 2,540,832 shares of the company’s stock valued at $366,744,000 after acquiring an additional 126,231 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of e.l.f. Beauty by 15.3% in the third quarter. Invesco Ltd. now owns 1,497,707 shares of the company’s stock valued at $164,493,000 after acquiring an additional 198,235 shares in the last quarter. William Blair Investment Management LLC boosted its holdings in shares of e.l.f. Beauty by 58.2% in the third quarter. William Blair Investment Management LLC now owns 1,424,268 shares of the company’s stock valued at $156,427,000 after acquiring an additional 523,903 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of e.l.f. Beauty by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 952,863 shares of the company’s stock valued at $137,538,000 after acquiring an additional 7,999 shares in the last quarter. Institutional investors 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.