e.l.f. Beauty (NYSE:ELF) Price Target Raised to $42.00

e.l.f. Beauty (NYSE:ELFGet Rating) had its price objective hoisted by research analysts at DA Davidson from $41.00 to $42.00 in a research report issued on Thursday, Briefing.com reports. The firm currently has a “buy” rating on the stock. DA Davidson’s price target points to a potential upside of 74.71% from the stock’s current price.

Several other analysts have also commented on the company. StockNews.com started coverage on e.l.f. Beauty in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research downgraded e.l.f. Beauty from a “hold” rating to a “sell” rating in a research report on Thursday, January 27th. Raymond James dropped their target price on e.l.f. Beauty from $33.00 to $27.00 in a research report on Thursday. Piper Sandler dropped their target price on e.l.f. Beauty from $29.00 to $24.00 in a research report on Thursday. Finally, JPMorgan Chase & Co. cut their target price on e.l.f. Beauty from $38.00 to $31.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $33.00.

NYSE ELF traded up $1.89 during trading on Thursday, hitting $24.04. The company’s stock had a trading volume of 20,187 shares, compared to its average volume of 460,632. The company has a quick ratio of 1.60, a current ratio of 2.96 and a debt-to-equity ratio of 0.30. The firm has a 50 day moving average price of $24.43 and a 200 day moving average price of $27.51. The firm has a market cap of $1.25 billion, a P/E ratio of 63.40 and a beta of 1.91. e.l.f. Beauty has a 52 week low of $20.49 and a 52 week high of $33.63.

e.l.f. Beauty (NYSE:ELFGet Rating) last issued its quarterly earnings results on Wednesday, May 25th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.06 by $0.07. e.l.f. Beauty had a return on equity of 10.77% and a net margin of 5.32%. The company had revenue of $105.14 million for the quarter, compared to the consensus estimate of $91.22 million. During the same period in the previous year, the business posted $0.10 EPS. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, equities analysts expect that e.l.f. Beauty will post 0.52 earnings per share for the current year.

In other news, CEO Tarang Amin sold 14,187 shares of the company’s stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $23.90, for a total transaction of $339,069.30. Following the sale, the chief executive officer now owns 341,105 shares in the company, valued at approximately $8,152,409.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Joshua Allen Franks sold 8,094 shares of the company’s stock in a transaction that occurred on Monday, March 7th. The stock was sold at an average price of $25.81, for a total value of $208,906.14. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 120,294 shares of company stock valued at $3,067,775. Insiders own 11.10% of the company’s stock.

Several institutional investors have recently made changes to their positions in ELF. Morgan Stanley raised its stake in shares of e.l.f. Beauty by 32.3% during the 2nd quarter. Morgan Stanley now owns 727,205 shares of the company’s stock worth $19,736,000 after purchasing an additional 177,725 shares in the last quarter. Raymond James & Associates raised its stake in e.l.f. Beauty by 10.0% in the 3rd quarter. Raymond James & Associates now owns 8,550 shares of the company’s stock valued at $248,000 after acquiring an additional 775 shares during the period. BlackRock Inc. raised its stake in e.l.f. Beauty by 14.7% in the 3rd quarter. BlackRock Inc. now owns 7,063,124 shares of the company’s stock valued at $205,184,000 after acquiring an additional 904,144 shares during the period. Barclays PLC raised its stake in e.l.f. Beauty by 6.9% in the 3rd quarter. Barclays PLC now owns 58,250 shares of the company’s stock valued at $1,692,000 after acquiring an additional 3,757 shares during the period. Finally, Teacher Retirement System of Texas bought a new stake in e.l.f. Beauty in the 3rd quarter valued at $216,000. Institutional investors own 90.95% of the company’s stock.

About e.l.f. Beauty (Get Rating)

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f., W3LL PEOPLE, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, 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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