e.l.f. Beauty (NYSE:ELF) Given Overweight Rating at Piper Sandler

e.l.f. Beauty (NYSE:ELF)‘s stock had its “overweight” rating reissued by equities research analysts at Piper Sandler in a research report issued to clients and investors on Thursday, Benzinga reports. They currently have a $165.00 price objective on the stock, up from their prior price objective of $162.00. Piper Sandler’s target price points to a potential upside of 40.33% from the stock’s previous close.

ELF has been the topic of several other reports. Truist Financial dropped their target price on shares of e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. UBS Group cut their price objective on shares of e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Jefferies Financial Group lowered their target price on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. DA Davidson cut their price target on e.l.f. Beauty from $223.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Robert W. Baird decreased their price objective on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $180.47.

e.l.f. Beauty Trading Up 12.9 %

ELF stock traded up $13.42 during trading on Thursday, hitting $117.58. The company had a trading volume of 3,032,646 shares, compared to its average volume of 1,854,147. e.l.f. Beauty has a 52-week low of $92.16 and a 52-week high of $221.83. The company has a 50 day simple moving average of $113.74 and a 200-day simple moving average of $156.46. The firm has a market capitalization of $6.63 billion, a P/E ratio of 56.20, a PEG ratio of 2.16 and a beta of 1.44. The company has a quick ratio of 1.10, a current ratio of 1.77 and a debt-to-equity ratio of 0.23.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Thursday, August 8th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.20. The business had revenue of $324.48 million during the quarter, compared to analysts’ expectations of $303.60 million. e.l.f. Beauty had a return on equity of 23.30% and a net margin of 10.80%. As a group, research analysts forecast that e.l.f. Beauty will post 2.88 earnings per share for the current fiscal year.

Insider Buying and Selling

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,528 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $136.45, for a total value of $3,210,395.60. Following the sale, the chief executive officer now directly owns 106,016 shares of the company’s stock, valued at approximately $14,465,883.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Canada Pension Plan Investment Board purchased a new position in shares of e.l.f. Beauty during the 2nd quarter valued at approximately $6,659,000. Cetera Investment Advisers grew its position in e.l.f. Beauty by 33.8% during the second quarter. Cetera Investment Advisers now owns 39,319 shares of the company’s stock valued at $8,285,000 after buying an additional 9,939 shares during the period. Clearbridge Investments LLC increased its holdings in e.l.f. Beauty by 84.4% in the second quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock valued at $265,432,000 after buying an additional 576,383 shares in the last quarter. Swiss National Bank raised its position in shares of e.l.f. Beauty by 0.5% in the first quarter. Swiss National Bank now owns 108,900 shares of the company’s stock worth $21,348,000 after acquiring an additional 500 shares during the period. Finally, Congress Asset Management Co. boosted its stake in shares of e.l.f. Beauty by 14.2% during the 3rd quarter. Congress Asset Management Co. now owns 503,577 shares of the company’s stock worth $54,905,000 after acquiring an additional 62,480 shares in the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

e.l.f. Beauty Company Profile

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.