Stifel Nicolaus Increases e.l.f. Beauty (NYSE:ELF) Price Target to $87.00

e.l.f. Beauty (NYSE:ELF – Get Rating) had its price objective boosted by equities research analysts at Stifel Nicolaus from $83.00 to $87.00 in a report issued on Thursday, The Fly reports. Stifel Nicolaus’ target price would suggest a potential downside of 14.10% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Bank of America raised their price target on shares of e.l.f. Beauty from $75.00 to $105.00 and gave the stock a “buy” rating in a research note on Monday, April 17th. Piper Sandler raised their price target on shares of e.l.f. Beauty from $105.00 to $114.00 in a research note on Thursday. Cowen raised their price target on shares of e.l.f. Beauty from $36.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, February 16th. Morgan Stanley raised their price target on shares of e.l.f. Beauty from $94.00 to $110.00 in a research note on Thursday. Finally, JPMorgan Chase & Co. raised their price objective on shares of e.l.f. Beauty from $65.00 to $70.00 and gave the stock an “overweight” rating in a report on Thursday, February 2nd. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and an average price target of $87.50.

e.l.f. Beauty Trading Down 2.8 %

NYSE:ELF opened at $101.28 on Thursday. 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 firm has a market cap of $5.40 billion, a price-to-earnings ratio of 91.24, a price-to-earnings-growth ratio of 2.13 and a beta of 1.50. e.l.f. Beauty has a 52 week low of $24.62 and a 52 week high of $104.31. The firm has a 50-day moving average price of $87.30 and a two-hundred day moving average price of $69.85.

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

In other e.l.f. Beauty news, CEO Tarang Amin sold 30,569 shares of the firm’s stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $72.84, for a total value of $2,226,645.96. Following the completion of the transaction, the chief executive officer now directly 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 can be accessed through the SEC website. In other news, insider Kory Marchisotto sold 28,775 shares of e.l.f. Beauty 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 completion of the sale, the insider now directly 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Tarang Amin sold 30,569 shares of e.l.f. Beauty stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $72.84, for a total transaction of $2,226,645.96. Following the completion of the transaction, the chief executive officer now owns 316,927 shares in the company, valued at approximately $23,084,962.68. The disclosure for this sale can be found here. Insiders sold a total of 252,162 shares of company stock valued at $19,624,844 in the last three months. Company insiders own 8.20% of the company’s stock.

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

A number of large investors have recently added to or reduced their stakes in ELF. BlackRock Inc. raised its position 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 purchasing an additional 1,236,043 shares during the period. Assenagon Asset Management S.A. increased its position in shares of e.l.f. Beauty by 140.0% in the first quarter. Assenagon Asset Management S.A. now owns 1,553,238 shares of the company’s stock valued at $127,909,000 after acquiring an additional 906,008 shares during the period. Wellington Management Group LLP increased its position in shares of e.l.f. Beauty by 3,885.5% in the first quarter. Wellington Management Group LLP now owns 812,015 shares of the company’s stock valued at $20,974,000 after acquiring an additional 791,641 shares during the period. Millennium Management LLC increased its position in shares of 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 acquiring an additional 596,287 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of e.l.f. Beauty by 8.9% in the third quarter. Vanguard Group Inc. now owns 6,147,304 shares of the company’s stock valued at $231,262,000 after acquiring an additional 504,690 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

e.l.f. Beauty Company Profile

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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.