e.l.f. Beauty (NYSE:ELF) Price Target Raised to $163.00

e.l.f. Beauty (NYSE:ELF) had its price target raised by stock analysts at JPMorgan Chase & Co. from $154.00 to $163.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 28.18% from the company’s previous close.

A number of other analysts have also recently weighed in on the stock. Canaccord Genuity Group decreased their target price on shares of e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Truist Financial boosted their price objective on e.l.f. Beauty from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Stifel Nicolaus lowered their target price on e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating for the company in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft assumed coverage on e.l.f. Beauty in a research note on Thursday, December 12th. They set a “hold” rating and a $133.00 price target on the stock. Finally, Bank of America lowered their price objective on e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, e.l.f. Beauty presently has an average rating of “Moderate Buy” and a consensus price target of $169.06.

e.l.f. Beauty Price Performance

Shares of ELF stock opened at $127.17 on Thursday. e.l.f. Beauty has a twelve month low of $98.50 and a twelve month high of $221.83. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22. The business has a fifty day simple moving average of $129.27 and a 200 day simple moving average of $137.41. The company has a market cap of $7.16 billion, a P/E ratio of 68.74, a P/E/G ratio of 2.17 and a beta of 1.50.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.34. The firm had revenue of $301.10 million during the quarter, compared to analysts’ expectations of $289.43 million. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The business’s revenue for the quarter was up 39.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.66 earnings per share. On average, sell-side analysts forecast that e.l.f. Beauty will post 2.8 EPS for the current fiscal year.

Insider Buying and Selling

In other e.l.f. Beauty news, insider Scott Milsten sold 530 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $72,928.00. Following the transaction, the insider now directly owns 68,853 shares in the company, valued at approximately $9,474,172.80. This represents a 0.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Maureen C. Watson sold 785 shares of e.l.f. Beauty stock in a transaction on Friday, November 29th. The shares were sold at an average price of $130.00, for a total transaction of $102,050.00. Following the completion of the sale, the director now owns 1,888 shares of the company’s stock, valued at $245,440. This represents a 29.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,205 shares of company stock valued at $297,442 over the last quarter. Insiders own 3.50% of the company’s stock.

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

Large investors have recently bought and sold shares of the stock. Baillie Gifford & Co. raised its holdings in shares of e.l.f. Beauty by 39.5% during the third quarter. Baillie Gifford & Co. now owns 5,305,692 shares of the company’s stock valued at $578,480,000 after purchasing an additional 1,501,151 shares during the period. State Street Corp increased its position in e.l.f. Beauty by 3.7% in the 3rd quarter. State Street Corp now owns 1,665,203 shares of the company’s stock valued at $181,557,000 after buying an additional 59,248 shares in the last quarter. Clearbridge Investments LLC raised its stake in e.l.f. Beauty by 84.4% during the 2nd quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock worth $265,432,000 after buying an additional 576,383 shares during the period. FMR LLC boosted its holdings in e.l.f. Beauty by 5.5% in the third quarter. FMR LLC now owns 1,186,766 shares of the company’s stock worth $129,393,000 after acquiring an additional 61,524 shares in the last quarter. Finally, Champlain Investment Partners LLC acquired a new stake in e.l.f. Beauty in the third quarter valued at approximately $121,558,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

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.