e.l.f. Beauty, Inc. (NYSE:ELF – Get Free Report) shot up 1.7% during trading on Tuesday . The company traded as high as $206.03 and last traded at $203.54. 213,839 shares were traded during mid-day trading, a decline of 86% from the average session volume of 1,484,125 shares. The stock had previously closed at $200.04.
Wall Street Analyst Weigh In
A number of research firms have issued reports on ELF. StockNews.com downgraded e.l.f. Beauty from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. Stifel Nicolaus boosted their target price on e.l.f. Beauty from $141.00 to $167.00 and gave the company a “hold” rating in a research report on Wednesday, February 7th. Morgan Stanley boosted their target price on e.l.f. Beauty from $168.00 to $184.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. DA Davidson reissued a “buy” rating and set a $220.00 target price on shares of e.l.f. Beauty in a research report on Thursday, March 21st. Finally, Raymond James increased their target price on e.l.f. Beauty from $140.00 to $180.00 and gave the stock a “strong-buy” rating in a research note on Monday, January 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $186.58.
e.l.f. Beauty Stock Performance
The firm has a 50-day moving average of $181.88 and a two-hundred day moving average of $141.83. The company has a quick ratio of 0.83, a current ratio of 1.50 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $10.98 billion, a PE ratio of 87.54, a PEG ratio of 2.31 and a beta of 1.60.
e.l.f. Beauty (NYSE:ELF – Get Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.11. The company had revenue of $270.94 million during the quarter, compared to analysts’ expectations of $239.66 million. e.l.f. Beauty had a return on equity of 28.98% and a net margin of 14.53%. Research analysts anticipate that e.l.f. Beauty, Inc. will post 2.49 EPS for the current year.
Insider Activity
In other news, CEO Tarang Amin sold 23,519 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $198.89, for a total value of $4,677,693.91. Following the completion of the sale, the chief executive officer now directly owns 10,889 shares in the company, valued at $2,165,713.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Tarang Amin sold 23,519 shares of e.l.f. Beauty stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $198.89, for a total value of $4,677,693.91. Following the sale, the chief executive officer now directly owns 10,889 shares of the company’s stock, valued at $2,165,713.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Scott Milsten sold 5,061 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $140.22, for a total value of $709,653.42. Following the completion of the sale, the insider now directly owns 79,104 shares in the company, valued at $11,091,962.88. The disclosure for this sale can be found here. Insiders sold 61,922 shares of company stock worth $10,145,374 over the last three months. 5.20% of the stock is currently 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. Wellington Management Group LLP boosted its stake in e.l.f. Beauty by 235.8% during the third quarter. Wellington Management Group LLP now owns 2,414,601 shares of the company’s stock worth $265,196,000 after buying an additional 1,695,585 shares during the last quarter. FMR LLC raised its position in e.l.f. Beauty by 641.2% in the third quarter. FMR LLC now owns 832,404 shares of the company’s stock valued at $91,423,000 after purchasing an additional 720,098 shares during the period. Norges Bank purchased a new stake in e.l.f. Beauty in the fourth quarter valued at $95,611,000. Millennium Management LLC raised its position in e.l.f. Beauty by 697.8% in the fourth quarter. Millennium Management LLC now owns 681,739 shares of the company’s stock valued at $37,700,000 after purchasing an additional 596,287 shares during the period. Finally, William Blair Investment Management LLC raised its position in e.l.f. Beauty by 58.2% in the third quarter. William Blair Investment Management LLC now owns 1,424,268 shares of the company’s stock valued at $156,427,000 after purchasing an additional 523,903 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.
About e.l.f. Beauty
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.