e.l.f. Beauty (NYSE:ELF) Price Target Raised to $91.00 at DA Davidson

e.l.f. Beauty (NYSE:ELFGet Rating) had its target price lifted by equities researchers at DA Davidson from $77.00 to $91.00 in a note issued to investors on Wednesday, The Fly reports. The firm presently has a “buy” rating on the stock. DA Davidson’s price target would indicate a potential upside of 22.44% from the stock’s previous close.

Several other analysts have also recently weighed in on the company. Cowen lifted their price objective on e.l.f. Beauty from $36.00 to $70.00 and gave the company a “market perform” rating in a research report on Thursday, February 16th. Piper Sandler lifted their target price on shares of e.l.f. Beauty from $64.00 to $82.00 and gave the company an “overweight” rating in a report on Thursday, February 9th. JPMorgan Chase & Co. lifted their target price on shares of e.l.f. Beauty from $65.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday, February 2nd. Morgan Stanley lifted their target price 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. Finally, Bank of America lifted their target price on shares of e.l.f. Beauty from $65.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, February 2nd. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $69.75.

e.l.f. Beauty Stock Performance

e.l.f. Beauty stock opened at $74.32 on Wednesday. The stock’s 50 day simple moving average is $65.80 and its two-hundred day simple moving average is $53.29. 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 stock has a market cap of $3.96 billion, a price-to-earnings ratio of 87.44, a PEG ratio of 2.12 and a beta of 1.49. e.l.f. Beauty has a fifty-two week low of $20.49 and a fifty-two week high of $76.01.

e.l.f. Beauty (NYSE:ELFGet Rating) last posted its quarterly earnings data on Wednesday, February 1st. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.21. The business had revenue of $146.54 million for the quarter, compared to analysts’ expectations of $121.82 million. e.l.f. Beauty had a return on equity of 15.00% and a net margin of 9.43%. As a group, analysts expect that e.l.f. Beauty will post 1.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other e.l.f. Beauty news, insider Kory Marchisotto sold 28,775 shares of e.l.f. Beauty stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $69.82, for a total value of $2,009,070.50. Following the completion of the sale, the insider now owns 143,885 shares of the company’s stock, valued at approximately $10,046,050.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Tarang Amin sold 30,569 shares of the business’s stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $72.84, for a total transaction of $2,226,645.96. Following the completion of the sale, the chief executive officer now owns 316,927 shares of the company’s stock, valued at approximately $23,084,962.68. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Kory Marchisotto sold 28,775 shares of the business’s stock in a transaction on Monday, March 13th. The shares were sold at an average price of $69.82, for a total transaction of $2,009,070.50. Following the sale, the insider now directly owns 143,885 shares of the company’s stock, valued at approximately $10,046,050.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 311,195 shares of company stock valued at $20,604,238. Company insiders own 8.20% of the company’s stock.

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

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its holdings in e.l.f. Beauty by 17.0% in the 3rd quarter. BlackRock Inc. now owns 8,521,428 shares of the company’s stock worth $320,575,000 after buying an additional 1,236,043 shares during the period. Wellington Management Group LLP lifted its stake in e.l.f. Beauty by 3,885.5% in the 1st quarter. Wellington Management Group LLP now owns 812,015 shares of the company’s stock worth $20,974,000 after purchasing an additional 791,641 shares in the last quarter. Millennium Management LLC lifted its stake in e.l.f. Beauty by 697.8% in the 4th quarter. Millennium Management LLC now owns 681,739 shares of the company’s stock worth $37,700,000 after purchasing an additional 596,287 shares in the last quarter. Driehaus Capital Management LLC raised its position in shares of e.l.f. Beauty by 169.7% during the 2nd quarter. Driehaus Capital Management LLC now owns 843,708 shares of the company’s stock valued at $25,885,000 after buying an additional 530,838 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of e.l.f. Beauty by 8.9% during the 3rd 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. Institutional investors own 95.14% of the company’s stock.

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.

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