e.l.f. Beauty (NYSE:ELF – Get Rating) had its price target hoisted by Canaccord Genuity Group from $63.00 to $78.00 in a research note released on Thursday morning, Marketbeat reports. The firm currently has a buy rating on the stock.
Other analysts also recently issued research reports about the stock. Raymond James boosted their price objective on shares of e.l.f. Beauty from $63.00 to $75.00 and gave the company a buy rating in a report on Thursday. Morgan Stanley increased their target price on shares of e.l.f. Beauty from $64.00 to $75.00 and gave the company an overweight rating in a report on Thursday. StockNews.com initiated coverage on shares of e.l.f. Beauty in a research note on Wednesday, October 12th. They issued a hold rating for the company. Piper Sandler raised their price objective on shares of e.l.f. Beauty from $55.00 to $64.00 in a research report on Tuesday, January 3rd. Finally, Jefferies Financial Group lowered shares of e.l.f. Beauty from a buy rating to a hold rating and set a $55.00 target price for the company. in a research report on Monday, January 9th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $66.36.
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e.l.f. Beauty Stock Performance
NYSE:ELF opened at $67.29 on Thursday. The firm has a market capitalization of $3.56 billion, a PE ratio of 79.16, a price-to-earnings-growth ratio of 2.81 and a beta of 1.57. The firm has a 50-day moving average price of $54.82 and a 200 day moving average price of $45.37. The company has a quick ratio of 2.31, a current ratio of 3.44 and a debt-to-equity ratio of 0.25. e.l.f. Beauty has a 12-month low of $20.49 and a 12-month high of $69.30.
e.l.f. Beauty (NYSE:ELF – Get Rating) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.12. e.l.f. Beauty had a net
margin of 9.43% and a return on equity of 15.57%. The company had revenue of $122.35 million for the quarter, compared to analysts' expectations of $106.29 million. Research analysts anticipate that e.l.f. Beauty will post 0.78 earnings per share for the current fiscal year.
Insider Buying and Selling
In other e.l.f. Beauty news, insider Scott Milsten sold 55,000 shares of the stock in a transaction on Monday, January 9th. The stock was sold at an average price of $56.98, for a total value of $3,133,900.00. Following the sale, the insider now owns 127,560 shares in the company, valued at $7,268,368.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Tarang Amin sold 39,740 shares of e.l.f. Beauty stock in a transaction that occurred on Thursday, January 5th. The stock was sold at an average price of $55.56, for a total transaction of $2,207,954.40. Following the completion of the transaction, the chief executive officer now directly owns 347,496 shares in the company, valued at $19,306,877.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Scott Milsten sold 55,000 shares of the business's stock in a transaction that occurred on Monday, January 9th. The shares were sold at an average price of $56.98, for a total value of $3,133,900.00. Following the completion of the sale, the insider now owns 127,560 shares of the company's stock, valued at $7,268,368.80. The disclosure for this sale can be found here. 8.20% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On e.l.f. Beauty
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ELF. Oregon Public Employees Retirement Fund increased its holdings in e.l.f. Beauty by 4.8% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 16,532 shares of the company's stock worth $622,000 after purchasing an additional 754 shares during the period. Quantbot Technologies LP increased its holdings in shares of e.l.f. Beauty by 260.1% in the 3rd quarter. Quantbot Technologies LP now owns 30,350 shares of the company's stock valued at $1,141,000 after acquiring an additional 21,922 shares during the last quarter. Keybank National Association OH purchased a new position in shares of e.l.f. Beauty in the 2nd quarter valued at about $676,000. Verition Fund Management LLC purchased a new position in e.l.f. Beauty during the 2nd quarter worth approximately $744,000. Finally, SG Americas Securities LLC purchased a new position in e.l.f. Beauty during the 2nd quarter worth approximately $644,000. Institutional investors and hedge funds own 95.14% of the company's stock.
About e.l.f. Beauty
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e.l.f. Beauty, Inc operates as a holding company, which engages in the provision of cosmetic 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. The company was founded in 2004 and is headquartered in Oakland, CA.
Further Reading
- Get a free copy of the StockNews.com research report on e.l.f. Beauty (ELF)
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