e.l.f. Beauty (NYSE:ELF) Trading Up 0.3%

e.l.f. Beauty, Inc. (NYSE:ELF) shares were up 0.3% during mid-day trading on Monday . The company traded as high as $168.57 and last traded at $166.42. Approximately 809,765 shares changed hands during mid-day trading, a decline of 48% from the average daily volume of 1,571,412 shares. The stock had previously closed at $165.95.

Analyst Ratings Changes

Several research analysts have commented on ELF shares. Piper Sandler lifted their price objective on shares of e.l.f. Beauty from $210.00 to $258.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Truist Financial upped their price target on shares of e.l.f. Beauty from $200.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Canaccord Genuity Group raised their price objective on shares of e.l.f. Beauty from $214.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. Stifel Nicolaus upped their target price on e.l.f. Beauty from $151.00 to $161.00 and gave the company a “hold” rating in a research note on Monday, July 22nd. Finally, TD Cowen raised their price target on e.l.f. Beauty from $190.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $210.00.

e.l.f. Beauty Stock Performance

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 firm has a 50 day moving average price of $191.19 and a 200 day moving average price of $182.16. The stock has a market cap of $10.17 billion, a PE ratio of 81.87, a price-to-earnings-growth ratio of 3.66 and a beta of 1.46.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, May 22nd. The company reported $0.37 EPS 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 business had revenue of $321.14 million for the quarter, compared to the consensus estimate of $292.47 million. As a group, research analysts forecast that e.l.f. Beauty, Inc. will post 2.84 earnings per share for the current year.

Insider Buying and Selling

In other e.l.f. Beauty news, CEO Tarang Amin sold 42,953 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $184.96, for a total transaction of $7,944,586.88. Following the sale, the chief executive officer now owns 258,667 shares of the company’s stock, valued at approximately $47,843,048.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Tarang Amin sold 42,953 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 258,667 shares in the company, valued at approximately $47,843,048.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Joshua Allen Franks sold 3,370 shares of e.l.f. Beauty stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $201.28, for a total transaction of $678,313.60. Following the completion of the transaction, the senior vice president now directly owns 71,986 shares in the company, valued at approximately $14,489,342.08. The disclosure for this sale can be found here. Insiders sold 97,390 shares of company stock valued at $18,264,873 over the last 90 days. Corporate insiders own 5.20% of the company’s stock.

Institutional Trading of e.l.f. Beauty

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ashton Thomas Private Wealth LLC acquired a new position in e.l.f. Beauty during the 2nd quarter valued at about $26,000. Matrix Trust Co acquired a new position in shares of e.l.f. Beauty during the second quarter valued at about $27,000. Innealta Capital LLC purchased a new position in shares of e.l.f. Beauty in the 2nd quarter valued at approximately $30,000. Harbor Investment Advisory LLC acquired a new stake in e.l.f. Beauty in the 1st quarter worth approximately $31,000. Finally, Oakworth Capital Inc. purchased a new stake in e.l.f. Beauty during the 1st quarter worth approximately $33,000. Hedge funds and other 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.