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

e.l.f. Beauty (NYSE:ELFGet Rating) had its target price boosted by Stifel Nicolaus from $43.00 to $50.00 in a report published on Tuesday morning, The Fly reports. They currently have a hold rating on the stock.

Several other research analysts also recently weighed in on the company. Canaccord Genuity Group began coverage on e.l.f. Beauty in a research note on Thursday, November 17th. They set a buy rating and a $63.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on e.l.f. Beauty from $62.00 to $65.00 and gave the stock an overweight rating in a research note on Friday, January 13th. DA Davidson boosted their target price on e.l.f. Beauty from $44.00 to $54.00 and gave the stock a buy rating in a research note on Thursday, November 3rd. Morgan Stanley boosted their target price on e.l.f. Beauty from $60.00 to $64.00 and gave the stock an overweight rating in a research note on Tuesday, January 17th. Finally, Raymond James boosted their target price on e.l.f. Beauty from $46.00 to $50.00 and gave the stock an outperform rating in a research note on Thursday, November 3rd. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $54.18.

e.l.f. Beauty Trading Up 2.1 %

ELF opened at $55.15 on Tuesday. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of 87.54, a PEG ratio of 2.61 and a beta of 1.54. The company has a current ratio of 3.44, a quick ratio of 2.31 and a debt-to-equity ratio of 0.25. e.l.f. Beauty has a 12 month low of $20.49 and a 12 month high of $58.76. The stock has a fifty day moving average price of $54.42 and a 200-day moving average price of $44.36.

e.l.f. Beauty (NYSE:ELFGet Rating) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.10 by $0.12. e.l.f. Beauty had a return on equity of 11.83% and a net margin of 7.57%. The firm had revenue of $122.35 million during the quarter, compared to analyst estimates of $106.29 million. As a group, equities research analysts anticipate that e.l.f. Beauty will post 0.78 earnings per share for the current fiscal year.

Insider Transactions at e.l.f. Beauty

In other news, CEO Tarang Amin sold 3,336 shares of the company’s stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $43.98, for a total value of $146,717.28. Following the sale, the chief executive officer now owns 364,382 shares in the company, valued at $16,025,520.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Scott Milsten sold 55,000 shares of the company’s stock in a transaction dated Monday, January 9th. The stock was sold at an average price of $56.98, for a total value of $3,133,900.00. Following the sale, the insider now owns 127,560 shares in the company, valued at $7,268,368.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tarang Amin sold 3,336 shares of the company’s stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $43.98, for a total value of $146,717.28. Following the completion of the sale, the chief executive officer now owns 364,382 shares in the company, valued at approximately $16,025,520.36. The disclosure for this sale can be found here. Insiders have sold 198,076 shares of company stock worth $10,089,572 over the last quarter. 8.20% of the stock is currently owned by insiders.

Institutional Trading of e.l.f. Beauty

A number of hedge funds have recently modified their holdings of ELF. Keybank National Association OH acquired a new position in e.l.f. Beauty in the 2nd quarter worth about $676,000. Verition Fund Management LLC acquired a new position in e.l.f. Beauty in the 2nd quarter worth about $744,000. SG Americas Securities LLC acquired a new position in e.l.f. Beauty in the 2nd quarter worth about $644,000. State of Alaska Department of Revenue raised its holdings in e.l.f. Beauty by 8.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 36,262 shares of the company’s stock worth $1,112,000 after purchasing an additional 2,910 shares during the period. Finally, Thrivent Financial for Lutherans raised its holdings in e.l.f. Beauty by 2.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,005,519 shares of the company’s stock worth $30,849,000 after purchasing an additional 20,600 shares during the period. Hedge funds and other institutional investors own 95.14% 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. 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.

Recommended Stories

The Fly logo

Analyst Recommendations for e.l.f. Beauty (NYSE:ELF)

Receive News & Ratings for e.l.f. Beauty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for e.l.f. Beauty and related companies with MarketBeat.com's FREE daily email newsletter.