e.l.f. Beauty (NYSE:ELF – Get Rating) had its price target raised by Canaccord Genuity Group from $63.00 to $78.00 in a research report issued on Thursday, MarketBeat.com reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's target price would suggest a potential upside of 11.84% from the stock's previous close.
ELF has been the topic of a number of other research reports. JPMorgan Chase & Co. lifted their price target on shares of e.l.f. Beauty from $62.00 to $65.00 and gave the company an "overweight" rating in a research note on Friday, January 13th. DA Davidson raised their price objective on e.l.f. Beauty from $54.00 to $77.00 and gave the stock a "buy" rating in a research report on Thursday. Jefferies Financial Group downgraded e.l.f. Beauty from a "buy" rating to a "hold" rating and set a $55.00 price objective for the company. in a research report on Monday, January 9th. Stifel Nicolaus lifted their target price on e.l.f. Beauty from $43.00 to $50.00 and gave the company a "hold" rating in a research report on Tuesday, January 24th. Finally, Raymond James lifted their target price on e.l.f. Beauty from $63.00 to $75.00 and gave the company an "outperform" rating in a research report on Thursday. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $66.36.
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e.l.f. Beauty Trading Up 3.6 %
Shares of NYSE ELF opened at $69.74 on Thursday. The firm has a 50-day moving average of $55.07 and a 200 day moving average of $45.52. e.l.f. Beauty has a 1 year low of $20.49 and a 1 year high of $71.62. The stock has a market cap of $3.69 billion, a P/E ratio of 82.05, a price-to-earnings-growth ratio of 2.81 and a beta of 1.57. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.44 and a quick ratio of 2.31.
e.l.f. Beauty (NYSE:ELF – Get Rating) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.22 EPS for the quarter, beating the consensus estimate 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 business had revenue of $122.35 million during the quarter, compared to analyst estimates of $106.29 million. As a group, sell-side analysts expect that e.l.f. Beauty will post 0.78 EPS for the current fiscal year.
Insider Buying and Selling
In related news, insider Scott Milsten sold 55,000 shares of the stock in a transaction dated Monday, January 9th. The stock was sold at an average price of $56.98, for a total transaction of $3,133,900.00. Following the transaction, the insider now directly owns 127,560 shares in the company, valued at $7,268,368.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other e.l.f. Beauty news, CEO Tarang Amin sold 39,740 shares of the firm's 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 sale, the chief executive officer now owns 347,496 shares in the company, valued at approximately $19,306,877.76. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Scott Milsten sold 55,000 shares of e.l.f. Beauty stock in a transaction that occurred 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 completion of the transaction, the insider now owns 127,560 shares of the company's stock, valued at approximately $7,268,368.80. The disclosure for this sale can be found here. 8.20% of the stock is currently owned by company insiders.
Institutional Trading of e.l.f. Beauty
Several hedge funds have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in e.l.f. Beauty by 17.0% during the 3rd quarter. BlackRock Inc. now owns 8,521,428 shares of the company's stock valued at $320,575,000 after acquiring an additional 1,236,043 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of e.l.f. Beauty by 8.9% during the third quarter. Vanguard Group Inc. now owns 6,147,304 shares of the company's stock valued at $231,262,000 after buying an additional 504,690 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of e.l.f. Beauty by 3.0% during the second quarter. Jennison Associates LLC now owns 1,752,309 shares of the company's stock valued at $53,761,000 after buying an additional 51,820 shares in the last quarter. State Street Corp grew its holdings in shares of e.l.f. Beauty by 3.6% during the third quarter. State Street Corp now owns 1,606,727 shares of the company's stock valued at $60,445,000 after buying an additional 55,263 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in e.l.f. Beauty by 25.7% during the second quarter. Renaissance Technologies LLC now owns 1,188,800 shares of the company's stock valued at $36,472,000 after purchasing an additional 242,900 shares during the last quarter. Institutional investors own 95.14% of the company's stock.
e.l.f. Beauty Company Profile
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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
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