e.l.f. Beauty (NYSE:ELF) Given New $160.00 Price Target at B. Riley

e.l.f. Beauty (NYSE:ELF) had its target price hoisted by B. Riley from $150.00 to $160.00 in a research note published on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also commented on the stock. Canaccord Genuity Group set a $165.00 price objective on shares of e.l.f. Beauty in a research report on Tuesday. Morgan Stanley upgraded shares of e.l.f. Beauty from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $114.00 to $134.00 in a report on Monday, August 11th. The Goldman Sachs Group lifted their price objective on shares of e.l.f. Beauty from $120.00 to $137.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Piper Sandler began coverage on shares of e.l.f. Beauty in a research report on Thursday, September 4th. They set an “overweight” rating and a $150.00 target price on the stock. Finally, Truist Financial upped their price objective on shares of e.l.f. Beauty from $125.00 to $130.00 and gave the company a “buy” rating in a report on Friday, June 6th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.88.

e.l.f. Beauty Stock Performance

NYSE:ELF opened at $134.47 on Wednesday. The stock has a 50-day simple moving average of $119.53 and a two-hundred day simple moving average of $93.99. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.34 and a current ratio of 3.26. The firm has a market capitalization of $7.98 billion, a PE ratio of 79.10, a P/E/G ratio of 3.37 and a beta of 1.59. e.l.f. Beauty has a 52-week low of $49.40 and a 52-week high of $147.33.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. The firm had revenue of $353.74 million during the quarter, compared to analysts’ expectations of $348.99 million. e.l.f. Beauty had a net margin of 7.29% and a return on equity of 16.36%. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.10 earnings per share. Analysts forecast that e.l.f. Beauty will post 2.38 EPS for the current year.

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

In related news, insider Mandy J. Fields sold 55,692 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $136.28, for a total value of $7,589,705.76. Following the completion of the transaction, the insider owned 64,154 shares of the company’s stock, valued at approximately $8,742,907.12. The trade was a 46.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lauren Cooks Levitan sold 4,630 shares of the business’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $118.94, for a total transaction of $550,692.20. Following the completion of the transaction, the director directly owned 11,507 shares of the company’s stock, valued at $1,368,642.58. The trade was a 28.69% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.90% of the company’s stock.

Institutional Trading of e.l.f. Beauty

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Orion Capital Management LLC purchased a new stake in shares of e.l.f. Beauty during the 4th quarter worth about $30,000. EverSource Wealth Advisors LLC raised its position in shares of e.l.f. Beauty by 97.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock valued at $32,000 after purchasing an additional 128 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of e.l.f. Beauty during the 1st quarter valued at approximately $33,000. Northwestern Mutual Wealth Management Co. grew its stake in e.l.f. Beauty by 58.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock worth $39,000 after buying an additional 117 shares during the last quarter. Finally, Larson Financial Group LLC grew its stake in e.l.f. Beauty by 56.5% during the 1st quarter. Larson Financial Group LLC now owns 676 shares of the company’s stock worth $42,000 after buying an additional 244 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Company Profile

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.