Piper Sandler Issues Positive Forecast for e.l.f. Beauty (NYSE:ELF) Stock Price

e.l.f. Beauty (NYSE:ELF - Get Free Report) had its target price hoisted by research analysts at Piper Sandler from $165.00 to $167.00 in a report released on Monday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Piper Sandler's price objective suggests a potential upside of 32.71% from the company's previous close.

A number of other equities analysts have also weighed in on the stock. Morgan Stanley decreased their price objective on shares of e.l.f. Beauty from $184.00 to $139.00 and set an "equal weight" rating for the company in a report on Monday, September 30th. Bank of America decreased their price target on e.l.f. Beauty from $190.00 to $165.00 and set a "buy" rating for the company in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft began coverage on e.l.f. Beauty in a research report on Thursday, December 12th. They set a "hold" rating and a $133.00 price objective on the stock. DA Davidson reissued a "buy" rating and issued a $170.00 target price on shares of e.l.f. Beauty in a research report on Thursday, December 19th. Finally, TD Cowen dropped their price target on shares of e.l.f. Beauty from $235.00 to $150.00 and set a "buy" rating on the stock in a report on Thursday, September 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $171.94.

e.l.f. Beauty Stock Up 0.4 %

NYSE ELF traded up $0.45 during trading hours on Monday, reaching $125.84. 1,124,772 shares of the company's stock traded hands, compared to its average volume of 1,057,668. The firm has a market cap of $7.09 billion, a PE ratio of 68.02, a PEG ratio of 3.03 and a beta of 1.50. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. e.l.f. Beauty has a 52-week low of $98.50 and a 52-week high of $221.83. The firm has a 50-day simple moving average of $125.35 and a 200 day simple moving average of $142.00.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $301.10 million during the quarter, compared to analyst estimates of $289.43 million. During the same quarter last year, the company earned $0.66 EPS. The firm's revenue for the quarter was up 39.7% on a year-over-year basis. Sell-side analysts anticipate 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, 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 transaction of $72,928.00. Following the completion of the transaction, the insider now owns 68,853 shares of the company's stock, valued at $9,474,172.80. This represents a 0.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tarang Amin sold 890 shares of e.l.f. Beauty stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $122,464.00. Following the completion of the sale, the chief executive officer now directly owns 99,699 shares in the company, valued at $13,718,582.40. This trade represents a 0.88 % 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 valued at $297,442 over the last ninety days. 3.50% of the stock is currently owned by company insiders.

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

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Evergreen Capital Management LLC lifted its position in shares of e.l.f. Beauty by 2.1% during the second quarter. Evergreen Capital Management LLC now owns 4,777 shares of the company's stock worth $1,007,000 after purchasing an additional 99 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of e.l.f. Beauty during the 2nd quarter valued at $26,000. Cetera Trust Company N.A boosted its holdings in e.l.f. Beauty by 14.4% in the third quarter. Cetera Trust Company N.A now owns 1,030 shares of the company's stock worth $112,000 after acquiring an additional 130 shares in the last quarter. CIBC Asset Management Inc increased its stake in e.l.f. Beauty by 9.7% during the 2nd quarter. CIBC Asset Management Inc now owns 1,542 shares of the company's stock valued at $325,000 after purchasing an additional 136 shares in the last quarter. Finally, Fulton Bank N.A. raised its stake in e.l.f. Beauty by 1.7% in the 3rd quarter. Fulton Bank N.A. now owns 8,222 shares of the company's stock worth $896,000 after acquiring an additional 139 shares during 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 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.