e.l.f. Beauty (NYSE:ELF) Price Target Raised to $150.00

e.l.f. Beauty (NYSE:ELF - Get Free Report) had its price objective boosted by equities research analysts at Truist Financial from $130.00 to $150.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Truist Financial's price target suggests a potential upside of 17.92% from the company's current price.

Other equities research analysts have also issued reports about the stock. Stifel Nicolaus lowered their price target on shares of e.l.f. Beauty from $131.00 to $115.00 and set a "hold" rating on the stock in a research note on Thursday, November 7th. Piper Sandler reaffirmed an "overweight" rating and issued a $165.00 target price (up previously from $162.00) on shares of e.l.f. Beauty in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft assumed coverage on e.l.f. Beauty in a research report on Thursday, December 12th. They set a "hold" rating and a $133.00 price target for the company. The Goldman Sachs Group assumed coverage on e.l.f. Beauty in a research report on Friday, December 13th. They set a "buy" rating and a $165.00 price target on the stock. Finally, DA Davidson reissued a "buy" rating and issued a $170.00 price objective on shares of e.l.f. Beauty in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $171.82.

e.l.f. Beauty Stock Down 5.7 %

NYSE ELF traded down $7.69 during trading hours on Wednesday, reaching $127.20. 1,325,872 shares of the company's stock were exchanged, compared to its average volume of 1,954,840. 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 company has a market capitalization of $7.17 billion, a price-to-earnings ratio of 68.76, a price-to-earnings-growth ratio of 3.03 and a beta of 1.49. The company's 50-day moving average is $120.80 and its two-hundred day moving average is $147.87. e.l.f. Beauty has a one year low of $98.50 and a one year high of $221.83.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its 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. The firm had revenue of $301.10 million during the quarter, compared to analysts' expectations of $289.43 million. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The company's revenue was up 39.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.66 EPS. On average, analysts forecast that e.l.f. Beauty will post 2.8 EPS for the current fiscal year.

Insider Activity at e.l.f. Beauty

In related news, Director Maureen C. Watson sold 785 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $130.00, for a total transaction of $102,050.00. Following the sale, the director now directly owns 1,888 shares in the company, valued at $245,440. This trade represents a 29.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Tarang Amin sold 890 shares of the company's stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $122,464.00. Following the completion of the transaction, the chief executive officer now owns 99,699 shares of the company's stock, valued at approximately $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 2,205 shares of company stock valued at $297,442 over the last ninety days. 3.50% of the stock is owned by corporate insiders.

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

A number of hedge funds have recently modified their holdings of ELF. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of e.l.f. Beauty during the second quarter worth about $232,000. Raymond James & Associates lifted its position in shares of e.l.f. Beauty by 21.1% in the 2nd quarter. Raymond James & Associates now owns 123,631 shares of the company's stock worth $26,052,000 after purchasing an additional 21,554 shares during the period. Fifth Third Wealth Advisors LLC bought a new stake in shares of e.l.f. Beauty in the 2nd quarter valued at $371,000. Baillie Gifford & Co. acquired a new stake in shares of e.l.f. Beauty during the second quarter worth $801,693,000. Finally, Silvant Capital Management LLC acquired a new stake in shares of e.l.f. Beauty during the second quarter worth $1,003,000. Institutional investors and hedge funds 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.