e.l.f. Beauty (NYSE:ELF) Given New $50.00 Price Target at Truist Financial

e.l.f. Beauty (NYSE:ELFGet Rating) had its price objective lifted by Truist Financial from $40.00 to $50.00 in a report published on Thursday morning, The Fly reports. Truist Financial currently has a buy rating on the stock.

A number of other brokerages have also commented on ELF. DA Davidson raised their price target on e.l.f. Beauty from $42.00 to $44.00 and gave the stock a buy rating in a research note on Thursday, August 4th. Cowen lowered e.l.f. Beauty from an outperform rating to a market perform rating in a research note on Friday, August 12th. They noted that the move was a valuation call. Cowen lowered e.l.f. Beauty from an outperform rating to a market perform rating and set a $36.00 price target for the company. in a research note on Friday, August 12th. Raymond James raised their price objective on e.l.f. Beauty from $27.00 to $38.00 and gave the company an outperform rating in a research report on Tuesday, August 2nd. Finally, Morgan Stanley raised their price objective on e.l.f. Beauty from $39.00 to $42.00 and gave the company an overweight rating in a research report on Thursday, August 4th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $39.22.

e.l.f. Beauty Stock Down 0.2 %

Shares of NYSE ELF opened at $40.40 on Thursday. e.l.f. Beauty has a one year low of $20.49 and a one year high of $40.89. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.51 and a quick ratio of 2.37. The firm’s 50 day simple moving average is $35.74 and its two-hundred day simple moving average is $28.99. The stock has a market capitalization of $2.12 billion, a P/E ratio of 75.36 and a beta of 1.59.

e.l.f. Beauty (NYSE:ELFGet Rating) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. The business had revenue of $122.60 million for the quarter, compared to analysts’ expectations of $109.42 million. e.l.f. Beauty had a net margin of 6.69% and a return on equity of 10.95%. As a group, analysts expect that e.l.f. Beauty will post 0.63 EPS for the current fiscal year.

Insider Activity

In other news, insider Mandy J. Fields sold 35,389 shares of the firm’s stock in a transaction on Thursday, June 30th. The stock was sold at an average price of $30.03, for a total transaction of $1,062,731.67. Following the completion of the transaction, the insider now directly owns 121,786 shares in the company, valued at $3,657,233.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Tarang Amin sold 677 shares of e.l.f. Beauty stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $37.95, for a total value of $25,692.15. Following the completion of the sale, the chief executive officer now directly owns 391,140 shares in the company, valued at approximately $14,843,763. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Mandy J. Fields sold 35,389 shares of e.l.f. Beauty stock in a transaction dated Thursday, June 30th. The stock was sold at an average price of $30.03, for a total value of $1,062,731.67. Following the completion of the sale, the insider now owns 121,786 shares of the company’s stock, valued at $3,657,233.58. The disclosure for this sale can be found here. Insiders sold 485,196 shares of company stock worth $17,237,815 over the last three months. 8.20% of the stock is currently owned by corporate insiders.

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

Several large investors have recently bought and sold shares of ELF. Covestor Ltd increased its holdings in e.l.f. Beauty by 8,340.0% in the 1st quarter. Covestor Ltd now owns 1,266 shares of the company’s stock worth $33,000 after buying an additional 1,251 shares in the last quarter. KBC Group NV purchased a new position in e.l.f. Beauty in the second quarter worth about $120,000. Psagot Value Holdings Ltd. Israel purchased a new position in e.l.f. Beauty in the fourth quarter worth about $130,000. Advisor Group Holdings Inc. boosted its position in e.l.f. Beauty by 7.6% in the first quarter. Advisor Group Holdings Inc. now owns 6,765 shares of the company’s stock worth $174,000 after purchasing an additional 476 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in e.l.f. Beauty by 31.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,195 shares of the company’s stock worth $186,000 after purchasing an additional 1,739 shares during the last quarter. 94.61% of the stock is currently owned by institutional investors.

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. 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.

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