A number of other brokerages have also weighed in on ELF. Piper Sandler reiterated an “overweight” rating and set a $109.00 target price (up from $81.00) on shares of e.l.f. Beauty in a research note on Thursday, May 29th. Raymond James raised their price target on e.l.f. Beauty from $95.00 to $105.00 and gave the stock a “strong-buy” rating in a research note on Thursday, May 29th. Canaccord Genuity Group set a $114.00 price objective on e.l.f. Beauty in a research report on Thursday, May 29th. DA Davidson lowered their target price on e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Finally, Robert W. Baird raised their target price on e.l.f. Beauty from $110.00 to $145.00 and gave the stock an “outperform” rating in a research report on Friday. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $120.71.

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ELF opened at $117.83 on Friday. The company’s 50-day simple moving average is $72.37 and its two-hundred day simple moving average is $91.45. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. The stock has a market capitalization of $6.64 billion, a P/E ratio of 69.72, a P/E/G ratio of 6.76 and a beta of 1.52. e.l.f. Beauty has a 52-week low of $49.40 and a 52-week high of $219.77.

e.l.f. Beauty (NYSE:ELF – Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.06. The firm had revenue of $332.65 million during the quarter, compared to analysts’ expectations of $327.45 million. e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.53 earnings per share. As a group, analysts predict that e.l.f. Beauty will post 2.38 EPS for the current year.

In other e.l.f. Beauty news, CEO Tarang Amin sold 97,915 shares of e.l.f. Beauty stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $53.36, for a total transaction of $5,224,744.40. Following the transaction, the chief executive officer now owns 181,289 shares of the company’s stock, valued at $9,673,581.04. The trade was a 35.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Joshua Allen Franks sold 51,353 shares of the company’s stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $53.36, for a total transaction of $2,740,196.08. Following the completion of the transaction, the senior vice president now owns 114,660 shares of the company’s stock, valued at approximately $6,118,257.60. The trade was a 30.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 309,375 shares of company stock valued at $23,170,147 in the last ninety days. Corporate insiders own 3.50% of the company’s stock.

A number of large investors have recently modified their holdings of ELF. Nemes Rush Group LLC purchased a new stake in e.l.f. Beauty in the 4th quarter worth $27,000. Orion Capital Management LLC purchased a new position in shares of e.l.f. Beauty in the fourth quarter valued at about $30,000. Promus Capital LLC bought a new position in shares of e.l.f. Beauty in the fourth quarter worth about $31,000. Kestra Investment Management LLC bought a new position in shares of e.l.f. Beauty in the fourth quarter worth about $32,000. Finally, Wilmington Savings Fund Society FSB grew its position in shares of e.l.f. Beauty by 84.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 429 shares of the company’s stock worth $54,000 after purchasing an additional 197 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

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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.

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