e.l.f. Beauty (NYSE:ELF) PT Raised to $80.00

e.l.f. Beauty (NYSE:ELF – Get Rating) had its target price boosted by stock analysts at Raymond James from $75.00 to $80.00 in a report issued on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price objective would indicate a potential upside of 9.10% from the company’s previous close.

Several other analysts also recently commented on the stock. Bank of America lifted their target price on shares of e.l.f. Beauty from $65.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, February 2nd. Jefferies Financial Group downgraded shares of e.l.f. Beauty from a “buy” rating to a “hold” rating and set a $55.00 price objective for the company. in a report on Monday, January 9th. Morgan Stanley boosted their price objective 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, February 2nd. DA Davidson boosted their price objective on shares of e.l.f. Beauty from $54.00 to $77.00 and gave the company a “buy” rating in a report on Thursday, February 2nd. Finally, Canaccord Genuity Group began coverage on shares of e.l.f. Beauty in a report on Wednesday, November 16th. They issued a “buy” rating for the company. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and an average price target of $69.75.

e.l.f. Beauty Stock Performance

Shares of ELF stock opened at $73.33 on Tuesday. The company has a market capitalization of $3.91 billion, a price-to-earnings ratio of 86.27, a PEG ratio of 2.12 and a beta of 1.49. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.08 and a current ratio of 3.00. The company has a 50-day simple moving average of $65.43 and a 200 day simple moving average of $53.14. e.l.f. Beauty has a 52 week low of $20.49 and a 52 week high of $76.01.

e.l.f. Beauty (NYSE:ELF – Get Rating) last announced its earnings results on Wednesday, February 1st. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.16 by $0.21. The business had revenue of $146.54 million during the quarter, compared to the consensus estimate of $121.82 million. e.l.f. Beauty had a net margin of 9.43% and a return on equity of 15.00%. On average, sell-side analysts predict that e.l.f. Beauty will post 1.03 earnings per share for the current year.

Insider Transactions at e.l.f. Beauty

In related news, SVP Joshua Allen Franks sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, February 8th. The shares were sold at an average price of $72.05, for a total transaction of $43,230.00. Following the completion of the transaction, the senior vice president now directly owns 114,277 shares in the company, valued at approximately $8,233,657.85. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Tarang Amin sold 69,703 shares of the company’s stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $72.47, for a total transaction of $5,051,376.41. Following the completion of the transaction, the chief executive officer now directly owns 286,964 shares in the company, valued at approximately $20,796,281.08. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Joshua Allen Franks sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, February 8th. The shares were sold at an average price of $72.05, for a total transaction of $43,230.00. Following the completion of the transaction, the senior vice president now owns 114,277 shares of the company’s stock, valued at $8,233,657.85. The disclosure for this sale can be found here. In the last 90 days, insiders sold 311,195 shares of company stock valued at $20,604,238. Company insiders own 8.20% of the company’s stock.

Hedge Funds Weigh In On e.l.f. Beauty

Several institutional investors and hedge funds have recently added to or reduced their stakes in ELF. Metropolitan Life Insurance Co NY increased its position in shares of e.l.f. Beauty by 5.3% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 2,984 shares of the company’s stock worth $165,000 after buying an additional 151 shares during the period. American International Group Inc. increased its position in shares of e.l.f. Beauty by 0.7% during the fourth quarter. American International Group Inc. now owns 26,806 shares of the company’s stock worth $1,482,000 after buying an additional 183 shares during the period. Intrust Bank NA increased its position in shares of e.l.f. Beauty by 1.9% during the fourth quarter. Intrust Bank NA now owns 12,933 shares of the company’s stock worth $715,000 after buying an additional 244 shares during the period. Summit Global Investments increased its position in shares of e.l.f. Beauty by 1.2% during the third quarter. Summit Global Investments now owns 21,959 shares of the company’s stock worth $826,000 after buying an additional 259 shares during the period. Finally, Verdence Capital Advisors LLC boosted its stake in e.l.f. Beauty by 3.1% during the third quarter. Verdence Capital Advisors LLC now owns 9,294 shares of the company’s stock worth $350,000 after acquiring an additional 278 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

About e.l.f. Beauty

(Get Rating)

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.