e.l.f. Beauty (NYSE:ELF) Coverage Initiated at The Goldman Sachs Group

The Goldman Sachs Group started coverage on shares of e.l.f. Beauty (NYSE:ELF - Free Report) in a research note released on Friday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $165.00 target price on the stock.

Several other analysts have also recently weighed in on ELF. 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 report on Thursday, November 7th. JPMorgan Chase & Co. decreased their price target on e.l.f. Beauty from $167.00 to $154.00 and set an "overweight" rating for the company in a report on Thursday, November 7th. B. Riley dropped their price objective on e.l.f. Beauty from $175.00 to $150.00 and set a "buy" rating on the stock in a report on Thursday, November 7th. DA Davidson restated a "buy" rating and set a $170.00 target price on shares of e.l.f. Beauty in a research note on Wednesday. Finally, Robert W. Baird dropped their price target on shares of e.l.f. Beauty from $240.00 to $175.00 and set an "outperform" rating on the stock in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $170.65.

e.l.f. Beauty Trading Up 7.0 %

Shares of ELF stock traded up $9.19 during trading on Friday, hitting $140.70. 1,158,447 shares of the stock traded hands, compared to its average volume of 1,958,745. e.l.f. Beauty has a 52-week low of $98.50 and a 52-week high of $221.83. The firm has a market capitalization of $7.93 billion, a P/E ratio of 72.38, a price-to-earnings-growth ratio of 3.03 and a beta of 1.49. The firm's fifty day moving average price is $118.27 and its 200-day moving average price is $149.58. 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 (NYSE:ELF - Get Free Report) last announced its quarterly earnings results 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 net margin of 8.87% and a return on equity of 19.34%. The business had revenue of $301.10 million during the quarter, compared to analysts' expectations of $289.43 million. During the same period last year, the business earned $0.66 earnings per share. The business's revenue for the quarter was up 39.7% on a year-over-year basis. As a group, research analysts forecast that e.l.f. Beauty will post 2.8 earnings per share for the current fiscal year.

Insider Transactions at e.l.f. Beauty

In related 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 value of $102,050.00. Following the sale, the director now owns 1,888 shares of the company's stock, valued at approximately $245,440. This represents a 29.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tarang Amin sold 890 shares of the firm's stock in a transaction 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 transaction, the chief executive officer now directly owns 99,699 shares of the company's stock, valued at $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 ninety days. 3.50% of the stock is currently owned by company insiders.

Institutional Trading of e.l.f. Beauty

A number of large investors have recently made changes to their positions in the stock. Logan Capital Management Inc. lifted its stake in shares of e.l.f. Beauty by 6.4% during the 3rd quarter. Logan Capital Management Inc. now owns 42,923 shares of the company's stock worth $4,680,000 after purchasing an additional 2,565 shares during the period. Retirement Systems of Alabama lifted its position in e.l.f. Beauty by 83.6% during the third quarter. Retirement Systems of Alabama now owns 143,758 shares of the company's stock worth $15,674,000 after buying an additional 65,448 shares during the period. Oddo BHF Asset Management Sas purchased a new stake in e.l.f. Beauty in the 3rd quarter valued at about $1,160,000. Wilmington Savings Fund Society FSB acquired a new position in shares of e.l.f. Beauty during the 3rd quarter valued at about $25,000. Finally, Sanctuary Advisors LLC lifted its holdings in shares of e.l.f. Beauty by 33.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 6,981 shares of the company's stock worth $761,000 after acquiring an additional 1,753 shares during the period. 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.