e.l.f. Beauty (NYSE:ELF) Price Target Raised to $158.00

e.l.f. Beauty (NYSE:ELF) had its price objective upped by research analysts at UBS Group from $156.00 to $158.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price objective indicates a potential upside of 17.77% from the stock’s previous close.

ELF has been the subject of several other research reports. Canaccord Genuity Group lowered their price target on shares of e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. B. Riley decreased their target price on shares of e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Bank of America dropped their price target on shares of e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. The Goldman Sachs Group initiated coverage on e.l.f. Beauty in a research report on Friday, December 13th. They set a “buy” rating and a $165.00 price objective for the company. Finally, Stifel Nicolaus lowered their target price on e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating on the stock in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $169.06.

e.l.f. Beauty Stock Performance

Shares of NYSE:ELF traded up $5.75 during trading on Thursday, reaching $134.16. 952,031 shares of the company’s stock traded hands, compared to its average volume of 1,323,485. The stock has a market capitalization of $7.56 billion, a P/E ratio of 72.52, a price-to-earnings-growth ratio of 2.17 and a beta of 1.50. e.l.f. Beauty has a 12 month low of $98.50 and a 12 month high of $221.83. The company has a 50 day moving average of $128.27 and a 200-day moving average of $138.03. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.34. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The business had revenue of $301.10 million for the quarter, compared to analysts’ expectations of $289.43 million. During the same period in the prior year, the firm earned $0.66 EPS. The business’s quarterly revenue was up 39.7% on a year-over-year basis. On average, equities analysts expect that e.l.f. Beauty will post 2.8 EPS for the current year.

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

In related news, Director Maureen C. Watson sold 785 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $130.00, for a total value of $102,050.00. Following the completion of the sale, the director now owns 1,888 shares in the company, valued at approximately $245,440. This represents a 29.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tarang Amin sold 890 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $122,464.00. Following the transaction, the chief executive officer now owns 99,699 shares in the company, valued at approximately $13,718,582.40. The trade was a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,205 shares of company stock valued at $297,442. Corporate insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ELF. Baillie Gifford & Co. boosted its position in e.l.f. Beauty by 39.5% during the 3rd quarter. Baillie Gifford & Co. now owns 5,305,692 shares of the company’s stock worth $578,480,000 after acquiring an additional 1,501,151 shares during the period. State Street Corp grew its position in e.l.f. Beauty by 3.7% during the third quarter. State Street Corp now owns 1,665,203 shares of the company’s stock valued at $181,557,000 after purchasing an additional 59,248 shares in the last quarter. Clearbridge Investments LLC increased its stake in e.l.f. Beauty by 84.4% in the 2nd quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock valued at $265,432,000 after buying an additional 576,383 shares during the period. FMR LLC lifted its position in e.l.f. Beauty by 5.5% in the 3rd quarter. FMR LLC now owns 1,186,766 shares of the company’s stock worth $129,393,000 after buying an additional 61,524 shares in the last quarter. Finally, Champlain Investment Partners LLC acquired a new stake in shares of e.l.f. Beauty during the 3rd quarter valued at $121,558,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

About e.l.f. Beauty

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics 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.