Piper Sandler Reaffirms Overweight Rating for e.l.f. Beauty (NYSE:ELF)

Piper Sandler reaffirmed their overweight rating on shares of e.l.f. Beauty (NYSE:ELF) in a report released on Monday morning, Benzinga reports. They currently have a $210.00 target price on the stock.

Other equities research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. cut their price target on e.l.f. Beauty from $197.00 to $182.00 and set an overweight rating for the company in a research note on Thursday, May 23rd. Stifel Nicolaus cut their price objective on shares of e.l.f. Beauty from $167.00 to $151.00 and set a hold rating on the stock in a report on Monday, May 20th. TD Cowen lifted their price target on shares of e.l.f. Beauty from $190.00 to $235.00 and gave the company a buy rating in a report on Tuesday, June 4th. Raymond James restated a strong-buy rating and issued a $235.00 price objective (up from $215.00) on shares of e.l.f. Beauty in a report on Friday, June 14th. Finally, Bank of America reduced their target price on shares of e.l.f. Beauty from $230.00 to $220.00 and set a buy rating on the stock in a report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $198.93.

e.l.f. Beauty Price Performance

Shares of NYSE ELF opened at $218.02 on Monday. The company has a market cap of $12.20 billion, a PE ratio of 98.21, a P/E/G ratio of 5.29 and a beta of 1.54. e.l.f. Beauty has a fifty-two week low of $88.47 and a fifty-two week high of $221.83. 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 business has a 50-day simple moving average of $180.56 and a two-hundred day simple moving average of $173.89.

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

Insider Buying and Selling

In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 727 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $165.16, for a total value of $120,071.32. Following the completion of the sale, the senior vice president now owns 83,736 shares in the company, valued at $13,829,837.76. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Richard G. Wolford sold 11,072 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $181.13, for a total value of $2,005,471.36. Following the transaction, the director now owns 12,741 shares of the company’s stock, valued at $2,307,777.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Joshua Allen Franks sold 727 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $165.16, for a total value of $120,071.32. Following the transaction, the senior vice president now owns 83,736 shares in the company, valued at approximately $13,829,837.76. The disclosure for this sale can be found here. Insiders have sold a total of 256,167 shares of company stock worth $44,029,811 over the last ninety days. Company insiders own 5.20% of the company’s stock.

Institutional Trading of e.l.f. Beauty

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in e.l.f. Beauty by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 6,050,649 shares of the company’s stock valued at $873,351,000 after buying an additional 79,701 shares during the period. Wellington Management Group LLP boosted its position in shares of e.l.f. Beauty by 5.2% during the 4th quarter. Wellington Management Group LLP now owns 2,540,832 shares of the company’s stock worth $366,744,000 after acquiring an additional 126,231 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in 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 during the last quarter. FMR LLC raised its position in e.l.f. Beauty by 641.2% during the third quarter. FMR LLC now owns 832,404 shares of the company’s stock valued at $91,423,000 after purchasing an additional 720,098 shares in the last quarter. Finally, Clearbridge Investments LLC bought a new stake in e.l.f. Beauty during the first quarter worth $133,940,000. 92.44% of the stock is currently owned by institutional investors.

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.