e.l.f. Beauty (NYSE:ELF) Given New $167.00 Price Target at Piper Sandler

e.l.f. Beauty (NYSE:ELF) had its price objective upped by investment analysts at Piper Sandler from $165.00 to $167.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Piper Sandler’s price target suggests a potential upside of 30.71% from the stock’s previous close.

Several other equities analysts have also recently commented on ELF. Deutsche Bank Aktiengesellschaft started 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 on the stock. Canaccord Genuity Group reduced their target price on e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Robert W. Baird lowered their price target on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a report on Monday, October 21st. B. Riley dropped their price target on e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Finally, Stifel Nicolaus decreased their price objective on shares of e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating for the company in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, e.l.f. Beauty presently has an average rating of “Moderate Buy” and a consensus price target of $171.94.

e.l.f. Beauty Price Performance

ELF stock opened at $127.76 on Monday. The stock’s 50 day moving average is $125.96 and its two-hundred day moving average is $140.86. e.l.f. Beauty has a 52-week low of $98.50 and a 52-week high of $221.83. The company has a market capitalization of $7.20 billion, a PE ratio of 69.06, a P/E/G ratio of 3.03 and a beta of 1.50. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22.

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

Insider Activity at e.l.f. Beauty

In related news, insider Scott Milsten sold 530 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $72,928.00. Following the completion of the transaction, the insider now owns 68,853 shares in the company, valued at $9,474,172.80. This represents a 0.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Maureen C. Watson sold 785 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $130.00, for a total transaction of $102,050.00. Following the sale, the director now owns 1,888 shares in the company, valued at $245,440. This trade represents a 29.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,205 shares of company stock worth $297,442 in the last three months. 3.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On e.l.f. Beauty

Several hedge funds have recently modified their holdings of ELF. Baillie Gifford & Co. lifted its holdings in shares of e.l.f. Beauty by 39.5% in the third quarter. Baillie Gifford & Co. now owns 5,305,692 shares of the company’s stock valued at $578,480,000 after buying an additional 1,501,151 shares during the period. State Street Corp lifted its holdings in e.l.f. Beauty by 3.7% in the 3rd quarter. State Street Corp now owns 1,665,203 shares of the company’s stock valued at $181,557,000 after acquiring an additional 59,248 shares during the last quarter. William Blair Investment Management LLC boosted its position in shares of e.l.f. Beauty by 12.5% during the 2nd quarter. William Blair Investment Management LLC now owns 1,512,180 shares of the company’s stock valued at $318,647,000 after purchasing an additional 168,267 shares in the last quarter. Clearbridge Investments LLC grew its stake in shares of e.l.f. Beauty by 84.4% in the 2nd quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock worth $265,432,000 after purchasing an additional 576,383 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of e.l.f. Beauty by 5.5% in the 3rd quarter. FMR LLC now owns 1,186,766 shares of the company’s stock worth $129,393,000 after purchasing an additional 61,524 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

About e.l.f. Beauty

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.