e.l.f. Beauty (NYSE:ELF) Trading 5.6% Higher on Analyst Upgrade

e.l.f. Beauty (NYSE:ELF)’s share price traded up 5.6% during mid-day trading on Monday after Canaccord Genuity Group raised their price target on the stock from $90.00 to $97.00. Canaccord Genuity Group currently has a buy rating on the stock. e.l.f. Beauty traded as high as $78.70 and last traded at $77.7960. Approximately 848,472 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 2,852,890 shares. The stock had previously closed at $73.69.

Several other analysts also recently weighed in on the stock. B. Riley Financial lowered their price target on shares of e.l.f. Beauty from $130.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, May 26th. Weiss Ratings raised e.l.f. Beauty from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, June 18th. Morgan Stanley decreased their price objective on e.l.f. Beauty from $67.00 to $59.00 and set an “equal weight” rating on the stock in a report on Thursday, May 21st. Evercore assumed coverage on e.l.f. Beauty in a research note on Thursday, April 2nd. They issued an “inline” rating and a $68.00 target price for the company. Finally, Jefferies Financial Group dropped their target price on e.l.f. Beauty from $85.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $81.31.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 3,505 shares of the stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $51.53, for a total transaction of $180,612.65. Following the completion of the sale, the senior vice president owned 150,027 shares of the company’s stock, valued at $7,730,891.31. This represents a 2.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jennifer Catherine Hartnett sold 25,357 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $80.00, for a total transaction of $2,028,560.00. Following the completion of the sale, the insider directly owned 28,699 shares in the company, valued at approximately $2,295,920. This trade represents a 46.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 278,988 shares of company stock worth $18,354,580 over the last ninety days. Insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in e.l.f. Beauty by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 5,487,304 shares of the company’s stock worth $417,255,000 after buying an additional 140,258 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of e.l.f. Beauty by 47.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,197,319 shares of the company’s stock worth $167,086,000 after buying an additional 711,540 shares during the last quarter. State Street Corp increased its stake in shares of e.l.f. Beauty by 0.8% during the fourth quarter. State Street Corp now owns 1,737,181 shares of the company’s stock valued at $132,095,000 after buying an additional 13,231 shares during the period. Swedbank AB increased its stake in shares of e.l.f. Beauty by 97.0% during the fourth quarter. Swedbank AB now owns 1,364,801 shares of the company’s stock valued at $103,779,000 after buying an additional 672,071 shares during the period. Finally, Ensign Peak Advisors Inc raised its holdings in shares of e.l.f. Beauty by 37.7% during the fourth quarter. Ensign Peak Advisors Inc now owns 1,319,523 shares of the company’s stock valued at $100,337,000 after acquiring an additional 361,371 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Performance

The company has a quick ratio of 1.69, a current ratio of 2.35 and a debt-to-equity ratio of 0.72. The company has a market cap of $4.69 billion, a P/E ratio of 173.14, a P/E/G ratio of 2.87 and a beta of 1.59. The business has a fifty day moving average of $63.12 and a 200 day moving average of $71.58.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, May 20th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.03. The business had revenue of $449.29 million for the quarter, compared to analysts’ expectations of $423.06 million. e.l.f. Beauty had a net margin of 1.61% and a return on equity of 11.02%. The firm’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.78 earnings per share. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. On average, equities analysts predict that e.l.f. Beauty will post 2.42 EPS for the current year.

About e.l.f. Beauty

e.l.f. Beauty (NYSE: ELF) is an American cosmetics company known for offering an extensive range of affordable, trend-driven makeup and skincare products. The company’s portfolio spans foundations, lipsticks, mascaras, brushes, serums, masks and other beauty essentials, all positioned at accessible price points. e.l.f. Beauty maintains a direct-to-consumer platform through its e-commerce site and engages in widespread retail partnerships with major chains such as Target, Walmart, Ulta Beauty and Amazon.

Founded in 2004 and headquartered in Oakland, California, e.l.f.