e.l.f. Beauty (NYSE:ELF) Price Target Raised to $161.00 at Stifel Nicolaus

e.l.f. Beauty (NYSE:ELF) had its price objective increased by Stifel Nicolaus from $151.00 to $161.00 in a research report sent to investors on Monday morning, Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Canaccord Genuity Group raised their price target on shares of e.l.f. Beauty from $214.00 to $250.00 and gave the company a buy rating in a research report on Tuesday, June 18th. DA Davidson reaffirmed a buy rating and set a $220.00 price target on shares of e.l.f. Beauty in a report on Monday, June 3rd. Piper Sandler lifted their price objective on e.l.f. Beauty from $210.00 to $258.00 and gave the stock an overweight rating in a report on Thursday, July 11th. TD Cowen upped their target price on shares of e.l.f. Beauty from $190.00 to $235.00 and gave the company a buy rating in a research note on Tuesday, June 4th. Finally, JPMorgan Chase & Co. reduced their price target on shares of 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. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $210.00.

e.l.f. Beauty Stock Performance

e.l.f. Beauty stock opened at $170.35 on Monday. e.l.f. Beauty has a twelve month low of $88.47 and a twelve month high of $221.83. The company has a quick ratio of 0.95, a current ratio of 1.60 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $9.61 billion, a P/E ratio of 76.73, a PEG ratio of 3.89 and a beta of 1.46. The stock’s 50 day moving average is $191.12 and its 200 day moving average is $180.91.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, May 22nd. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.16. e.l.f. Beauty had a return on equity of 26.64% and a net margin of 12.47%. The firm had revenue of $321.14 million for the quarter, compared to analysts’ expectations of $292.47 million. On average, equities research analysts predict that e.l.f. Beauty will post 2.83 earnings per share for the current fiscal year.

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

In other news, CEO Tarang Amin sold 42,953 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $184.96, for a total value of $7,944,586.88. Following the transaction, the chief executive officer now owns 258,667 shares of the company’s stock, valued at $47,843,048.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Tarang Amin sold 42,953 shares of the stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $184.96, for a total value of $7,944,586.88. Following the completion of the sale, the chief executive officer now directly owns 258,667 shares of the company’s stock, valued at $47,843,048.32. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Joshua Allen Franks sold 14,253 shares of e.l.f. Beauty stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $184.96, for a total transaction of $2,636,234.88. Following the transaction, the senior vice president now owns 83,182 shares in the company, valued at approximately $15,385,342.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 120,361 shares of company stock valued at $22,019,033. Company insiders own 5.20% of the company’s stock.

Institutional Trading of e.l.f. Beauty

Several institutional investors have recently made changes to their positions in ELF. Matrix Trust Co bought a new position in e.l.f. Beauty in the 2nd quarter worth approximately $27,000. Armstrong Advisory Group Inc. boosted its position in shares of e.l.f. Beauty by 390.2% during the fourth quarter. Armstrong Advisory Group Inc. now owns 201 shares of the company’s stock worth $29,000 after acquiring an additional 160 shares during the last quarter. Harbor Investment Advisory LLC purchased a new position in e.l.f. Beauty during the first quarter valued at $31,000. Oakworth Capital Inc. bought a new stake in e.l.f. Beauty in the 1st quarter valued at $33,000. Finally, GPS Wealth Strategies Group LLC lifted its stake in e.l.f. Beauty by 66.4% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 243 shares of the company’s stock worth $35,000 after purchasing an additional 97 shares in the last quarter. 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.