e.l.f. Beauty (NYSE:ELF) Given New $210.00 Price Target at Truist Financial

e.l.f. Beauty (NYSE:ELFGet Free Report) had its price objective upped by investment analysts at Truist Financial from $200.00 to $210.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s target price suggests a potential upside of 15.13% from the company’s previous close.

Other research analysts have also issued reports about the stock. TD Cowen raised shares of e.l.f. Beauty from a “hold” rating to a “buy” rating and cut their target price for the stock from $220.00 to $190.00 in a research note on Wednesday, April 17th. Morgan Stanley boosted their target price on e.l.f. Beauty from $168.00 to $184.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. JPMorgan Chase & Co. dropped their price target on e.l.f. Beauty from $197.00 to $182.00 and set an “overweight” rating on the stock in a research note on Thursday, May 23rd. Stifel Nicolaus reduced their price objective on e.l.f. Beauty from $167.00 to $151.00 and set a “hold” rating for the company in a research note on Monday, May 20th. Finally, Piper Sandler lowered their target price on e.l.f. Beauty from $216.00 to $210.00 and set an “overweight” rating on the stock in a research report on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $184.54.

View Our Latest Stock Report on ELF

e.l.f. Beauty Price Performance

Shares of NYSE ELF opened at $182.40 on Wednesday. The company has a market capitalization of $10.20 billion, a PE ratio of 82.16, a P/E/G ratio of 4.71 and a beta of 1.60. The company has a quick ratio of 0.95, a current ratio of 1.60 and a debt-to-equity ratio of 0.25. e.l.f. Beauty has a twelve month low of $88.47 and a twelve month high of $221.83. The firm has a fifty day simple moving average of $172.53 and a 200 day simple moving average of $162.63.

Insiders Place Their Bets

In related news, CEO Tarang Amin sold 23,519 shares of e.l.f. Beauty stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $163.70, for a total value of $3,850,060.30. Following the completion of the sale, the chief executive officer now directly owns 10,890 shares in the company, valued at approximately $1,782,693. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other e.l.f. Beauty news, CEO Tarang Amin sold 23,519 shares of e.l.f. Beauty stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $163.70, for a total value of $3,850,060.30. Following the completion of the sale, the chief executive officer now owns 10,890 shares of the company’s stock, valued at approximately $1,782,693. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Joshua Allen Franks sold 12,506 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $172.50, for a total value of $2,157,285.00. Following the completion of the transaction, the senior vice president now owns 86,237 shares in the company, valued at $14,875,882.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 201,600 shares of company stock valued at $34,307,124. Corporate insiders own 5.20% of the company’s stock.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ELF. FMR LLC lifted its position in shares of e.l.f. Beauty by 641.2% in the third quarter. FMR LLC now owns 832,404 shares of the company’s stock valued at $91,423,000 after acquiring an additional 720,098 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in e.l.f. Beauty by 0.3% in the 4th quarter. State of Alaska Department of Revenue now owns 33,993 shares of the company’s stock worth $4,906,000 after purchasing an additional 85 shares during the period. First Dallas Securities Inc. purchased a new stake in e.l.f. Beauty during the 3rd quarter valued at approximately $3,569,000. Roman Butler Fullerton & Co. bought a new stake in shares of e.l.f. Beauty during the fourth quarter valued at approximately $1,294,000. Finally, William Blair Investment Management LLC lifted its holdings in shares of e.l.f. Beauty by 58.2% in the third quarter. William Blair Investment Management LLC now owns 1,424,268 shares of the company’s stock worth $156,427,000 after buying an additional 523,903 shares in the last quarter. Institutional investors 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.

See Also

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

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