e.l.f. Beauty (NYSE:ELF) Stock Jumps 5.4% – What’s Next?

e.l.f. Beauty (NYSE:ELF)’s stock price was up 5.4% on Friday. The company traded as high as $119.71 and last traded at $119.6060. Approximately 1,352,900 shares traded hands during trading, a decline of 45% from the average session volume of 2,444,378 shares. The stock had previously closed at $113.53.

Wall Street Analysts Forecast Growth

ELF has been the topic of a number of research reports. Canaccord Genuity Group upped their price target on e.l.f. Beauty from $123.00 to $137.00 and gave the stock a “buy” rating in a report on Thursday, October 22nd. UBS Group raised their price objective on e.l.f. Beauty from $116.00 to $129.00 and gave the company a “neutral” rating in a research note on Thursday, November 5th. Zacks Research raised e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a report on Friday, October 9th. Robert W. Baird boosted their target price on e.l.f. Beauty from $105.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 7th. Finally, Sanford C. Bernstein upped their target price on e.l.f. Beauty from $121.00 to $127.00 and gave the company an “outperform” rating in a report on Thursday, September 17th. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $118.88.

e.l.f. Beauty Stock Up 4.0%

The company has a current ratio of 2.57, a quick ratio of 1.89 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $6.99 billion, a PE ratio of 81.45, a price-to-earnings-growth ratio of 2.65 and a beta of 1.61. The firm has a 50-day moving average of $107.37 and a two-hundred day moving average of $82.84.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, November 4th. The company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.61. The firm had revenue of $520.82 million during the quarter, compared to the consensus estimate of $473.51 million. e.l.f. Beauty had a net margin of 4.47% and a return on equity of 16.40%. The company’s revenue was up 51.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 EPS. On average, equities research analysts forecast that e.l.f. Beauty will post 2.89 EPS for the current year.

Insider Buying and Selling

In other e.l.f. Beauty news, insider Mandy Fields sold 16,065 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $104.52, for a total value of $1,679,113.80. Following the sale, the insider owned 90,896 shares in the company, valued at approximately $9,500,449.92. This trade represents a 15.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tarang Amin sold 47,000 shares of e.l.f. Beauty stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $103.31, for a total value of $4,855,570.00. Following the sale, the chief executive officer directly owned 134,496 shares in the company, valued at $13,894,781.76. The trade was a 25.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 91,821 shares of company stock valued at $9,624,513 over the last quarter. Company insiders own 3.50% of the company’s stock.

Institutional Trading of e.l.f. Beauty

A number of large investors have recently added to or reduced their stakes in ELF. BlackRock Inc. acquired a new position in e.l.f. Beauty in the 2nd quarter valued at approximately $428,262,000. State Street Corp boosted its stake in shares of e.l.f. Beauty by 0.4% during the 3rd quarter. State Street Corp now owns 1,882,394 shares of the company’s stock valued at $190,065,000 after buying an additional 7,397 shares during the period. Primecap Management Co. CA acquired a new stake in shares of e.l.f. Beauty during the 2nd quarter valued at $78,202,000. Prime Capital Management Co Ltd purchased a new position in shares of e.l.f. Beauty during the 2nd quarter valued at $44,736,000. Finally, Marshall Wace LLP grew its holdings in shares of e.l.f. Beauty by 165.9% during the 3rd quarter. Marshall Wace LLP now owns 395,629 shares of the company’s stock valued at $39,947,000 after acquiring an additional 246,851 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc. is a beauty company that develops, markets and sells cosmetics and skin-care products. Its portfolio includes e.l.f. Cosmetics and e.l.f. SKIN, as well as brands such as Naturium, Well People and Keys Soulcare. Products include makeup, skin-care treatments and related beauty items. Founded in 2004, the company sells through its own websites and retail partners, including mass-market and specialty beauty stores. Its products are available in the United States and international markets.