e.l.f. Beauty (NYSE:ELF) Price Target Raised to $163.00 at JPMorgan Chase & Co.

e.l.f. Beauty (NYSE:ELF - Get Free Report) had its price objective hoisted by stock analysts at JPMorgan Chase & Co. from $154.00 to $163.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 21.50% from the stock's current price.

ELF has been the subject of a number of other reports. Bank of America decreased their price objective on e.l.f. Beauty from $190.00 to $165.00 and set a "buy" rating for the company in a research report on Tuesday, October 15th. Morgan Stanley upgraded e.l.f. Beauty from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $139.00 to $153.00 in a research report on Monday. Jefferies Financial Group decreased their price objective on e.l.f. Beauty from $220.00 to $175.00 and set a "buy" rating for the company in a research report on Wednesday, October 30th. Canaccord Genuity Group decreased their price objective on e.l.f. Beauty from $250.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft started coverage on e.l.f. Beauty in a report on Thursday, December 12th. They set a "hold" rating and a $133.00 price target for the company. One investment 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's stock. Based on data from MarketBeat.com, e.l.f. Beauty presently has a consensus rating of "Moderate Buy" and a consensus price target of $169.06.

e.l.f. Beauty Trading Up 4.5 %

ELF traded up $5.75 during trading on Thursday, reaching $134.16. The company had a trading volume of 1,358,321 shares, compared to its average volume of 1,367,232. The firm's 50-day simple moving average is $128.77 and its 200 day simple moving average is $137.97. The company has a market cap of $7.56 billion, a price-to-earnings ratio of 72.52, a PEG ratio of 2.17 and a beta of 1.50. e.l.f. Beauty has a 12-month low of $98.50 and a 12-month high of $221.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, topping 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 firm had revenue of $301.10 million during the quarter, compared to analyst estimates of $289.43 million. During the same period last year, the company posted $0.66 EPS. The business's quarterly revenue was up 39.7% compared to the same quarter last year. Equities research analysts anticipate that e.l.f. Beauty will post 2.8 earnings per share for the current year.

Insider Buying and Selling

In other e.l.f. Beauty news, insider Scott Milsten sold 530 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 $72,928.00. Following the transaction, the insider now directly owns 68,853 shares of the company's stock, valued at $9,474,172.80. The trade was a 0.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 directly owns 99,699 shares in the company, valued at approximately $13,718,582.40. This represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,205 shares of company stock worth $297,442. 3.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Baillie Gifford & Co. increased its position in e.l.f. Beauty by 39.5% in the 3rd quarter. Baillie Gifford & Co. now owns 5,305,692 shares of the company's stock worth $578,480,000 after buying an additional 1,501,151 shares during the period. State Street Corp increased its position 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 worth $181,557,000 after buying an additional 59,248 shares during the period. Clearbridge Investments LLC increased its position in 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 buying an additional 576,383 shares during the period. FMR LLC increased its position in shares of e.l.f. Beauty by 5.5% during the third quarter. FMR LLC now owns 1,186,766 shares of the company's stock valued at $129,393,000 after purchasing an additional 61,524 shares during the period. Finally, Champlain Investment Partners LLC bought a new stake in shares of e.l.f. Beauty during the third quarter valued at approximately $121,558,000. 92.44% of the stock is 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.