e.l.f. Beauty (NYSE:ELF) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

e.l.f. Beauty (NYSE:ELF) had its target price raised by JPMorgan Chase & Co. from $154.00 to $163.00 in a research report report published on Thursday,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other research firms have also recently issued reports on ELF. Piper Sandler raised their price objective on e.l.f. Beauty from $165.00 to $167.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Robert W. Baird cut their price objective on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft started coverage on e.l.f. Beauty in a research report on Thursday, December 12th. They issued a “hold” rating and a $133.00 price objective on the stock. The Goldman Sachs Group started coverage on e.l.f. Beauty in a research report on Friday, December 13th. They set a “buy” rating and a $165.00 target price on the stock. Finally, B. Riley dropped their target price 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $169.06.

e.l.f. Beauty Price Performance

Shares of NYSE:ELF opened at $134.16 on Thursday. e.l.f. Beauty has a one year low of $98.50 and a one year high of $221.83. The business’s fifty day moving average price is $128.77 and its two-hundred day moving average price is $137.97. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78. The stock has a market cap of $7.56 billion, a PE ratio of 72.52, a price-to-earnings-growth ratio of 2.17 and a beta of 1.50.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.34. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The business had revenue of $301.10 million for the quarter, compared to analysts’ expectations of $289.43 million. During the same quarter last year, the firm earned $0.66 earnings per share. The business’s revenue was up 39.7% on a year-over-year basis. On average, analysts forecast that e.l.f. Beauty will post 2.8 EPS for the current fiscal year.

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

In other e.l.f. Beauty news, Director Maureen C. Watson sold 785 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $130.00, for a total value of $102,050.00. Following the completion of the transaction, the director now directly owns 1,888 shares in the company, valued at $245,440. The trade was a 29.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Scott Milsten sold 530 shares of e.l.f. Beauty stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $9,474,172.80. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,205 shares of company stock worth $297,442 over the last ninety days. Company insiders own 3.50% of the company’s stock.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of ELF. Envestnet Asset Management Inc. boosted its stake in e.l.f. Beauty by 61.6% in the second quarter. Envestnet Asset Management Inc. now owns 149,702 shares of the company’s stock valued at $31,545,000 after acquiring an additional 57,039 shares during the period. Moors & Cabot Inc. acquired a new position in shares of e.l.f. Beauty during the second quarter worth approximately $240,000. Edgestream Partners L.P. acquired a new position in shares of e.l.f. Beauty during the second quarter worth approximately $214,000. Blair William & Co. IL boosted its position in shares of e.l.f. Beauty by 1.7% during the second quarter. Blair William & Co. IL now owns 20,518 shares of the company’s stock worth $4,324,000 after buying an additional 334 shares during the period. Finally, Hsbc Holdings PLC boosted its position in shares of e.l.f. Beauty by 263.2% during the second quarter. Hsbc Holdings PLC now owns 7,405 shares of the company’s stock worth $1,559,000 after buying an additional 5,366 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

e.l.f. Beauty Company Profile

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.