e.l.f. Beauty (NYSE:ELF) Price Target Increased to $46.00 by Analysts at Morgan Stanley

e.l.f. Beauty (NYSE:ELFGet Rating) had its target price raised by Morgan Stanley from $42.00 to $46.00 in a research note released on Wednesday, The Fly reports. They currently have an overweight rating on the stock.

A number of other brokerages also recently commented on ELF. JPMorgan Chase & Co. boosted their price objective on shares of e.l.f. Beauty from $30.00 to $35.00 in a research note on Thursday, July 21st. William Blair reaffirmed an outperform rating on shares of e.l.f. Beauty in a research report on Thursday, May 26th. Cowen downgraded e.l.f. Beauty from an outperform rating to a market perform rating in a research report on Friday, August 12th. They noted that the move was a valuation call. Cowen downgraded e.l.f. Beauty from an outperform rating to a market perform rating and set a $36.00 price target on the stock. in a research report on Friday, August 12th. Finally, TheStreet raised e.l.f. Beauty from a c+ rating to an a- rating in a research report on Wednesday, August 3rd. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, e.l.f. Beauty currently has a consensus rating of Moderate Buy and a consensus target price of $39.67.

e.l.f. Beauty Stock Up 0.8 %

Shares of NYSE ELF opened at $39.82 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.37 and a current ratio of 3.51. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 75.13 and a beta of 1.59. The stock has a 50 day moving average price of $36.39 and a 200 day moving average price of $29.40. e.l.f. Beauty has a 52-week low of $20.49 and a 52-week high of $41.31.

e.l.f. Beauty (NYSE:ELFGet Rating) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. The firm had revenue of $122.60 million during the quarter, compared to analyst estimates of $109.42 million. e.l.f. Beauty had a return on equity of 10.95% and a net margin of 6.69%. Sell-side analysts expect that e.l.f. Beauty will post 0.63 earnings per share for the current year.

Insider Buying and Selling at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 42,561 shares of the company’s stock in a transaction on Friday, July 1st. The shares were sold at an average price of $30.02, for a total value of $1,277,681.22. Following the sale, the chief executive officer now directly owns 415,785 shares of the company’s stock, valued at $12,481,865.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other e.l.f. Beauty news, CEO Tarang Amin sold 42,561 shares of the company’s stock in a transaction on Friday, July 1st. The shares were sold at an average price of $30.02, for a total value of $1,277,681.22. Following the sale, the chief executive officer now directly owns 415,785 shares of the company’s stock, valued at $12,481,865.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Mandy J. Fields sold 35,389 shares of the stock in a transaction dated Thursday, June 30th. The stock was sold at an average price of $30.03, for a total transaction of $1,062,731.67. Following the sale, the insider now directly owns 121,786 shares in the company, valued at $3,657,233.58. The disclosure for this sale can be found here. Over the last three months, insiders have sold 542,746 shares of company stock valued at $19,538,088. 8.20% of the stock is owned by insiders.

Institutional Investors Weigh In On e.l.f. Beauty

Hedge funds have recently modified their holdings of the company. Covestor Ltd boosted its stake in shares of e.l.f. Beauty by 8,340.0% during the 1st quarter. Covestor Ltd now owns 1,266 shares of the company’s stock worth $33,000 after acquiring an additional 1,251 shares in the last quarter. KBC Group NV acquired a new position in shares of e.l.f. Beauty during the 2nd quarter worth about $120,000. Psagot Value Holdings Ltd. Israel acquired a new position in shares of e.l.f. Beauty during the 4th quarter worth about $130,000. Brown Advisory Inc. acquired a new position in shares of e.l.f. Beauty during the 2nd quarter worth about $203,000. Finally, Advisor Group Holdings Inc. raised its position in shares of e.l.f. Beauty by 7.6% during the 1st quarter. Advisor Group Holdings Inc. now owns 6,765 shares of the company’s stock worth $174,000 after purchasing an additional 476 shares during the last quarter. 94.61% of the stock is owned by hedge funds and other institutional investors.

About e.l.f. Beauty

(Get Rating)

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.

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