e.l.f. Beauty (NYSE:ELF) PT Raised to $200.00 at Truist Financial

e.l.f. Beauty (NYSE:ELFGet Free Report) had its price objective upped by investment analysts at Truist Financial from $150.00 to $200.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price objective would indicate a potential upside of 16.66% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Raymond James increased their price target on e.l.f. Beauty from $140.00 to $180.00 and gave the stock a “strong-buy” rating in a report on Monday, January 22nd. DA Davidson increased their price target on e.l.f. Beauty from $178.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday. Morgan Stanley increased their price target on e.l.f. Beauty from $168.00 to $184.00 and gave the stock an “equal weight” rating in a report on Wednesday. Piper Sandler reduced their price objective on e.l.f. Beauty from $164.00 to $152.00 in a report on Tuesday, October 10th. Finally, Robert W. Baird began coverage on e.l.f. Beauty in a report on Tuesday, January 30th. They set a “neutral” rating and a $185.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $162.58.

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e.l.f. Beauty Trading Up 4.0 %

Shares of NYSE ELF opened at $171.44 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.89 and a current ratio of 2.86. The business’s 50 day moving average price is $148.71 and its 200-day moving average price is $126.76. e.l.f. Beauty has a fifty-two week low of $67.59 and a fifty-two week high of $174.65. The company has a market cap of $9.46 billion, a price-to-earnings ratio of 75.86, a PEG ratio of 2.34 and a beta of 1.54.

Insider Activity

In other news, SVP Joshua Allen Franks sold 1,023 shares of e.l.f. Beauty stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $152.50, for a total value of $156,007.50. Following the transaction, the senior vice president now directly owns 91,003 shares in the company, valued at approximately $13,877,957.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Tarang Amin sold 29,666 shares of the firm’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $150.29, for a total value of $4,458,503.14. Following the completion of the sale, the chief executive officer now owns 252,792 shares of the company’s stock, valued at approximately $37,992,109.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Joshua Allen Franks sold 1,023 shares of the firm’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $152.50, for a total value of $156,007.50. Following the completion of the sale, the senior vice president now directly owns 91,003 shares of the company’s stock, valued at approximately $13,877,957.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 69,092 shares of company stock worth $10,082,191. 5.20% of the stock is currently owned by company insiders.

Institutional Trading of e.l.f. Beauty

Institutional investors have recently made changes to their positions in the business. ST Germain D J Co. Inc. acquired a new stake in shares of e.l.f. Beauty in the 2nd quarter worth $26,000. Dark Forest Capital Management LP acquired a new stake in shares of e.l.f. Beauty in the 1st quarter worth $27,000. Hollencrest Capital Management acquired a new stake in shares of e.l.f. Beauty in the 2nd quarter worth $27,000. Point72 Middle East FZE acquired a new stake in e.l.f. Beauty during the 4th quarter worth about $28,000. Finally, Householder Group Estate & Retirement Specialist LLC acquired a new stake in e.l.f. Beauty during the 3rd quarter worth about $29,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

e.l.f. Beauty Company Profile

(Get Free Report)

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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Analyst Recommendations for e.l.f. Beauty (NYSE:ELF)

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