Stifel Nicolaus Boosts e.l.f. Beauty (NYSE:ELF) Price Target to $161.00

e.l.f. Beauty (NYSE:ELF) had its price objective increased by Stifel Nicolaus from $151.00 to $161.00 in a research note published on Monday morning, Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Raymond James reissued a strong-buy rating and issued a $235.00 price target (up previously from $215.00) on shares of e.l.f. Beauty in a research note on Friday, June 14th. Piper Sandler increased their price target on e.l.f. Beauty from $210.00 to $258.00 and gave the company an overweight rating in a report on Thursday, July 11th. TD Cowen upped their price objective on shares of e.l.f. Beauty from $190.00 to $235.00 and gave the company a buy rating in a report on Tuesday, June 4th. Canaccord Genuity Group lifted their target price on shares of e.l.f. Beauty from $214.00 to $250.00 and gave the stock a buy rating in a research note on Tuesday, June 18th. Finally, Canaccord Genuity Group increased their price target on shares of e.l.f. Beauty from $214.00 to $250.00 and gave the company a buy rating in a research note on Tuesday, June 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $210.00.

e.l.f. Beauty Stock Down 2.4 %

ELF stock opened at $170.35 on Monday. The firm’s fifty day moving average is $191.12 and its 200 day moving average is $180.91. The firm has a market cap of $9.61 billion, a PE ratio of 76.73, a P/E/G ratio of 3.89 and a beta of 1.46. e.l.f. Beauty has a one year low of $88.47 and a one year high of $221.83. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.95 and a current ratio of 1.60.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Wednesday, May 22nd. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.16. The firm had revenue of $321.14 million during the quarter, compared to analyst estimates of $292.47 million. e.l.f. Beauty had a return on equity of 26.64% and a net margin of 12.47%. On average, research analysts forecast that e.l.f. Beauty will post 2.83 EPS for the current year.

Insider Activity

In related news, SVP Joshua Allen Franks sold 3,370 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $201.28, for a total value of $678,313.60. Following the sale, the senior vice president now owns 71,986 shares in the company, valued at approximately $14,489,342.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, SVP Joshua Allen Franks sold 3,370 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $201.28, for a total value of $678,313.60. Following the completion of the transaction, the senior vice president now owns 71,986 shares of the company’s stock, valued at $14,489,342.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Tarang Amin sold 42,953 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $184.96, for a total transaction of $7,944,586.88. Following the sale, the chief executive officer now directly owns 258,667 shares in the company, valued at $47,843,048.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 120,361 shares of company stock valued at $22,019,033. 5.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio boosted its stake in shares of e.l.f. Beauty by 7.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,573 shares of the company’s stock valued at $283,000 after buying an additional 172 shares during the period. SG Americas Securities LLC purchased a new position in e.l.f. Beauty in the fourth quarter worth approximately $199,000. GPS Wealth Strategies Group LLC grew its holdings in e.l.f. Beauty by 66.4% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 243 shares of the company’s stock worth $35,000 after acquiring an additional 97 shares in the last quarter. CoreCap Advisors LLC increased its position in shares of e.l.f. Beauty by 44.0% in the 4th quarter. CoreCap Advisors LLC now owns 2,875 shares of the company’s stock valued at $415,000 after purchasing an additional 878 shares during the last quarter. Finally, Raymond James & Associates raised its holdings in shares of e.l.f. Beauty by 120.8% in the 4th quarter. Raymond James & Associates now owns 69,251 shares of the company’s stock valued at $9,996,000 after purchasing an additional 37,881 shares in the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

e.l.f. Beauty Company Profile

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.