e.l.f. Beauty (NYSE:ELF) Upgraded by Morgan Stanley to Overweight Rating

e.l.f. Beauty (NYSE:ELF - Get Free Report) was upgraded by analysts at Morgan Stanley from an "equal weight" rating to an "overweight" rating in a research report issued to clients and investors on Monday, MarketBeat reports. The firm currently has a $153.00 target price on the stock, up from their prior target price of $139.00. Morgan Stanley's price objective would suggest a potential upside of 15.71% from the company's current price.

Several other analysts have also weighed in on the company. Truist Financial upped their target price on e.l.f. Beauty from $130.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Bank of America dropped their target price on shares of e.l.f. Beauty from $190.00 to $165.00 and set a "buy" rating for the company in a report on Tuesday, October 15th. The Goldman Sachs Group initiated coverage on shares of e.l.f. Beauty in a research report on Friday, December 13th. They set a "buy" rating and a $165.00 target price for the company. Robert W. Baird dropped their price objective on shares of e.l.f. Beauty from $240.00 to $175.00 and set an "outperform" rating for the company in a research note on Monday, October 21st. Finally, DA Davidson reaffirmed a "buy" rating and issued a $170.00 target price on shares of e.l.f. Beauty in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $172.76.

e.l.f. Beauty Stock Performance

ELF traded up $7.34 during trading on Monday, hitting $132.23. The stock had a trading volume of 1,924,031 shares, compared to its average volume of 1,284,104. e.l.f. Beauty has a twelve month low of $98.50 and a twelve month high of $221.83. The firm has a market capitalization of $7.45 billion, a P/E ratio of 71.48, a PEG ratio of 3.08 and a beta of 1.50. 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's 50-day moving average price is $127.78 and its 200 day moving average price is $138.59.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced 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. The company had revenue of $301.10 million for the quarter, compared to analyst estimates of $289.43 million. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The firm's revenue for the quarter was up 39.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.66 EPS. On average, equities research 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 the company's stock in a transaction that occurred on 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 represents a 29.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Tarang Amin sold 890 shares of e.l.f. Beauty stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 99,699 shares of the company's stock, valued at approximately $13,718,582.40. The trade was a 0.88 % decrease in their position. 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 in the last three months. Corporate insiders own 3.50% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ELF. Moody National Bank Trust Division bought a new stake in shares of e.l.f. Beauty in the 4th quarter worth approximately $226,000. City Center Advisors LLC acquired a new stake in e.l.f. Beauty in the fourth quarter worth $373,000. Harbor Capital Advisors Inc. lifted its stake in e.l.f. Beauty by 419.3% in the fourth quarter. Harbor Capital Advisors Inc. now owns 72,705 shares of the company's stock valued at $9,128,000 after buying an additional 58,705 shares during the last quarter. Diversified Trust Co lifted its stake in e.l.f. Beauty by 119.9% in the fourth quarter. Diversified Trust Co now owns 15,745 shares of the company's stock valued at $1,977,000 after buying an additional 8,585 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of e.l.f. Beauty by 130.8% during the fourth quarter. GAMMA Investing LLC now owns 861 shares of the company's stock valued at $108,000 after acquiring an additional 488 shares during the period. 92.44% of the stock is currently owned by institutional investors.

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.