e.l.f. Beauty (NYSE:ELF) Stock Price Up 1.7%

e.l.f. Beauty, Inc. (NYSE:ELF)’s share price was up 1.7% during trading on Tuesday . The stock traded as high as $206.03 and last traded at $203.54. Approximately 213,839 shares changed hands during trading, a decline of 86% from the average daily volume of 1,484,125 shares. The stock had previously closed at $200.04.

Analyst Upgrades and Downgrades

ELF has been the subject of a number of recent analyst reports. Bank of America increased their target price on shares of e.l.f. Beauty from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Raymond James raised their price objective on shares of e.l.f. Beauty from $140.00 to $180.00 and gave the company a “strong-buy” rating in a research report on Monday, January 22nd. Robert W. Baird started coverage on shares of e.l.f. Beauty in a research report on Tuesday, January 30th. They set a “neutral” rating and a $185.00 price objective for the company. JPMorgan Chase & Co. raised their price objective on shares of e.l.f. Beauty from $130.00 to $175.00 and gave the company an “overweight” rating in a research report on Thursday, January 18th. Finally, Morgan Stanley upped their price objective on shares of e.l.f. Beauty from $168.00 to $184.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, e.l.f. Beauty currently has an average rating of “Moderate Buy” and a consensus target price of $186.58.

e.l.f. Beauty Stock Performance

The company has a debt-to-equity ratio of 0.27, a current ratio of 1.50 and a quick ratio of 0.83. The firm has a fifty day simple moving average of $183.22 and a 200 day simple moving average of $142.64. The company has a market cap of $10.89 billion, a price-to-earnings ratio of 86.82, a P/E/G ratio of 2.22 and a beta of 1.60.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.11. The business had revenue of $270.94 million for the quarter, compared to the consensus estimate of $239.66 million. e.l.f. Beauty had a net margin of 14.53% and a return on equity of 28.98%. On average, sell-side analysts expect that e.l.f. Beauty, Inc. will post 2.49 earnings per share for the current fiscal year.

Insider Transactions at e.l.f. Beauty

In other news, SVP Joshua Allen Franks sold 200 shares of the firm’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $152.53, for a total value of $30,506.00. Following the sale, the senior vice president now owns 91,003 shares in the company, valued at $13,880,687.59. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 200 shares of e.l.f. Beauty stock in a transaction on Monday, January 8th. The stock was sold at an average price of $152.53, for a total transaction of $30,506.00. Following the completion of the transaction, the senior vice president now directly owns 91,003 shares of the company’s stock, valued at $13,880,687.59. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Scott Milsten sold 5,061 shares of e.l.f. Beauty stock in a transaction on Friday, January 5th. The shares were sold at an average price of $140.22, for a total value of $709,653.42. Following the transaction, the insider now directly owns 79,104 shares of the company’s stock, valued at $11,091,962.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,922 shares of company stock worth $10,145,374. Insiders own 5.20% of the company’s stock.

Hedge Funds Weigh In On e.l.f. Beauty

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of e.l.f. Beauty by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 6,050,649 shares of the company’s stock valued at $873,351,000 after purchasing an additional 79,701 shares during the period. Wellington Management Group LLP increased its holdings in shares of e.l.f. Beauty by 5.2% during the 4th quarter. Wellington Management Group LLP now owns 2,540,832 shares of the company’s stock worth $366,744,000 after acquiring an additional 126,231 shares during the last quarter. Guidance Capital Inc. increased its holdings in shares of e.l.f. Beauty by 1.6% during the 4th quarter. Guidance Capital Inc. now owns 3,510 shares of the company’s stock worth $490,000 after acquiring an additional 56 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of e.l.f. Beauty by 36.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 608,601 shares of the company’s stock worth $87,845,000 after acquiring an additional 161,497 shares during the last quarter. Finally, American International Group Inc. increased its holdings in shares of e.l.f. Beauty by 0.3% during the 4th quarter. American International Group Inc. now owns 29,435 shares of the company’s stock worth $4,249,000 after acquiring an additional 90 shares during the last quarter. 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, 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.