e.l.f. Beauty, Inc. (NYSE:ELF – Get Free Report) rose 4% during mid-day trading on Tuesday . The stock traded as high as $182.66 and last traded at $182.62. Approximately 367,608 shares changed hands during trading, a decline of 77% from the average daily volume of 1,573,925 shares. The stock had previously closed at $175.65.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the stock. TD Cowen increased their target price on shares of e.l.f. Beauty from $190.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Piper Sandler boosted their target price on e.l.f. Beauty from $210.00 to $258.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. DA Davidson reaffirmed a “buy” rating and issued a $220.00 target price on shares of e.l.f. Beauty in a research report on Monday, June 3rd. JPMorgan Chase & Co. lifted their price target on shares of e.l.f. Beauty from $182.00 to $224.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. Finally, Canaccord Genuity Group lifted their price target on shares of e.l.f. Beauty from $214.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and a consensus target price of $210.00.
e.l.f. Beauty Stock Performance
The firm has a 50-day simple moving average of $191.38 and a two-hundred day simple moving average of $181.98. The company has a current ratio of 1.60, a quick ratio of 0.95 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $10.36 billion, a price-to-earnings ratio of 82.61, a price-to-earnings-growth ratio of 3.66 and a beta of 1.46.
e.l.f. Beauty (NYSE:ELF – Get Free Report) last released its quarterly earnings data on Wednesday, May 22nd. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.16. The firm had revenue of $321.14 million for the quarter, compared to the consensus estimate of $292.47 million. e.l.f. Beauty had a return on equity of 26.64% and a net margin of 12.47%. As a group, sell-side analysts forecast that e.l.f. Beauty, Inc. will post 2.84 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, SVP Joshua Allen Franks sold 3,370 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $201.28, for a total transaction of $678,313.60. Following the transaction, the senior vice president now owns 71,986 shares of the company’s stock, valued at approximately $14,489,342.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 3,370 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $201.28, for a total transaction of $678,313.60. Following the completion of the sale, the senior vice president now directly owns 71,986 shares in the company, valued at $14,489,342.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard G. Wolford sold 11,072 shares of e.l.f. Beauty stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $181.13, for a total value of $2,005,471.36. Following the completion of the transaction, the director now owns 12,741 shares in the company, valued at $2,307,777.33. The disclosure for this sale can be found here. Insiders have sold 96,842 shares of company stock valued at $18,168,973 over the last three months. 5.20% of the stock is currently owned by insiders.
Hedge Funds Weigh In On e.l.f. Beauty
Several large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in e.l.f. Beauty in the fourth quarter valued at about $199,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of e.l.f. Beauty by 30.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,662 shares of the company’s stock worth $5,155,000 after buying an additional 8,408 shares during the period. Moody Aldrich Partners LLC bought a new stake in e.l.f. Beauty in the fourth quarter valued at $5,074,000. Mutual of America Capital Management LLC raised its stake in e.l.f. Beauty by 1.2% during the fourth quarter. Mutual of America Capital Management LLC now owns 9,661 shares of the company’s stock worth $1,394,000 after acquiring an additional 117 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new position in shares of e.l.f. Beauty during the fourth quarter valued at $3,984,000. 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.