e.l.f. Beauty (NYSE:ELF) Trading Up 6.8%

e.l.f. Beauty, Inc. (NYSE:ELF)’s stock price was up 6.8% during mid-day trading on Tuesday . The company traded as high as $173.48 and last traded at $172.45. Approximately 851,772 shares changed hands during trading, a decline of 45% from the average daily volume of 1,554,049 shares. The stock had previously closed at $161.46.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ELF. DA Davidson reiterated a “buy” rating and issued a $220.00 price objective on shares of e.l.f. Beauty in a report on Monday, April 8th. Robert W. Baird initiated coverage on e.l.f. Beauty in a research report on Tuesday, January 30th. They set a “neutral” rating and a $185.00 price objective on the stock. Raymond James increased their price objective 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. Truist Financial boosted their target price on shares of e.l.f. Beauty from $150.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Finally, Piper Sandler increased their price target on shares of e.l.f. Beauty from $225.00 to $228.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $184.33.

e.l.f. Beauty Stock Performance

The company has a quick ratio of 0.83, a current ratio of 1.50 and a debt-to-equity ratio of 0.27. The company has a market cap of $9.77 billion, a P/E ratio of 78.33, a P/E/G ratio of 1.66 and a beta of 1.57. The business has a fifty day simple moving average of $186.44 and a two-hundred day simple moving average of $150.79.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.11. e.l.f. Beauty had a return on equity of 28.98% and a net margin of 14.53%. The business had revenue of $270.94 million during the quarter, compared to the consensus estimate of $239.66 million. On average, sell-side analysts anticipate that e.l.f. Beauty, Inc. will post 2.5 EPS for the current year.

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

In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 727 shares of e.l.f. Beauty stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $165.16, for a total value of $120,071.32. Following the sale, the senior vice president now owns 83,736 shares of the company’s stock, valued at approximately $13,829,837.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, SVP Joshua Allen Franks sold 727 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $165.16, for a total transaction of $120,071.32. Following the sale, the senior vice president now directly owns 83,736 shares in the company, valued at approximately $13,829,837.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tarang Amin sold 23,519 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $198.89, for a total transaction of $4,677,693.91. Following the completion of the transaction, the chief executive officer now directly owns 10,889 shares of the company’s stock, valued at approximately $2,165,713.21. The disclosure for this sale can be found here. Insiders sold 178,081 shares of company stock valued at $30,457,064 in the last 90 days. Insiders own 5.20% of the company’s stock.

Institutional Trading of e.l.f. Beauty

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. raised its position in e.l.f. Beauty by 1.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,445 shares of the company’s stock worth $3,420,000 after purchasing an additional 247 shares during the period. Blue Bell Private Wealth Management LLC raised its holdings in shares of e.l.f. Beauty by 259.4% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 363 shares of the company’s stock valued at $71,000 after purchasing an additional 262 shares in the last quarter. Global Retirement Partners LLC boosted its position in e.l.f. Beauty by 79.4% during the 1st quarter. Global Retirement Partners LLC now owns 244 shares of the company’s stock valued at $48,000 after acquiring an additional 108 shares in the last quarter. Amalgamated Bank grew its stake in e.l.f. Beauty by 23.5% in the first quarter. Amalgamated Bank now owns 29,049 shares of the company’s stock valued at $5,694,000 after purchasing an additional 5,534 shares during the last quarter. Finally, New Mexico Educational Retirement Board bought a new position in shares of e.l.f. Beauty during the 1st quarter worth approximately $2,215,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

About e.l.f. Beauty

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.