e.l.f. Beauty (NYSE:ELF) PT Raised to $50.00

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elf Beauty (NYSE:ELF – Get Rating) had its target price hoisted by Truist Financial from $40.00 to $50.00 in a research note issued on Thursday, The Fly reports. Truist Financial’s target price would indicate a potential upside of 23.52% from the stock’s previous close.

Several other brokerages have also recently weighed in on ELF. JPMorgan Chase & Co. increased their target price on elf Beauty from $30.00 to $35.00 in a report on Thursday, July 21st. Bank of America started coverage on shares of elf Beauty in a research note on Wednesday. They issued a “buy” rating and a $45.00 target price on the stock. Cowen lowered shares of elf Beauty from an “outperform” rating to a “market perform” rating and set a $36.00 price target on the stock. in a report on Friday, August 12th. DA Davidson boosted their price objective on shares of elf Beauty from $42.00 to $44.00 and gave the company a “buy” rating in a research report on Thursday, August 4th. Finally, Cowen lowered shares of elf Beauty from an “outperform” rating to a “market perform” rating in a report on Friday, August 12th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat , the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.22.

elf Beauty Trading Up 6.0 %

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ELF stock opened at $40.48 on Thursday. The company has a market capitalization of $2.12 billion, a PE ratio of 76.38 and a beta of 1.59. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.37 and a current ratio of 3.51. elf Beauty has a one year low of $20.49 and a one year high of $40.50. The company’s 50 day moving average price is $35.74 and its two-hundred day moving average price is $28.99.

elf Beauty (NYSE:ELF – Get Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.14. elf Beauty had a net margin of 6.69 % and a return on equity of 10.95%. The business had revenue of $122.60 million during the quarter, compared to the consensus estimate of $109.42 million. As a group, analysts predict that elf Beauty will post 0.63 earnings per share for the current fiscal year .

Insiders Place Their Bets

In other elf Beauty news, CEO Tarang Amin sold 87,266 shares of the stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $38.13, for a total value of $3,327,452.58. Following the completion of the transaction, the chief executive officer now owns 743,648 shares in the company, valued at $28,355,298.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Tarang Amin sold 87,266 shares of the business’s stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $38.13, for a total transaction of $3,327,452.58. Following the sale, the chief executive officer now owns 743,648 shares of the company’s stock, valued at $28,355,298.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mandy J. Fields sold 35,389 shares of the firm’s stock in a transaction tha t occurred on Thursday, June 30th. The shares were sold at an average price of $30.03, for a total transaction of $1,062,731.67. Following the transaction, the insider now directly owns 121,786 shares of the company’s stock, valued at approximately $3,657,233.58. The disclosure for this sale can be found here. In the last quarter, insiders have sold 485,196 shares of company stock worth $17,237,815. Company insiders own 8.20% of the company’s stock.

Hedge Funds Weigh In On elf Beauty

Several institutional investors and hedge funds have recently modified their holdings of ELF. Covestor Ltd lifted its stake in elf Beauty by 8,340.0% during the 1st quarter. Covestor Ltd now owns 1,266 shares of the company’s stock valued at $33,000 after acquiring an additional 1,251 shares during the period. KBC Group NV bought a new position in elf Beauty during the second quarter valued at approximately $120,000. Psagot Value Holdings Ltd. Israel bought a new stake in elf Beauty in the 4th quarter worth approximately $130,000. Brown Advisory Inc. purchased a new position in shares of elf Beauty in the 2nd quarter worth $203,000. Finally, Advisor Group Holdings Inc. grew its holdings in shares of elf Beauty by 7.6% in the first quarter. Advisor Group Holdings Inc. now owns 6,765 shares of the company’s stock worth $174,000 after acquiring an additional 476 shares during the period. 94.61% of the stock is currently owned by institutional investors.

elf Beauty Company Profile

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elf Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the elf Cosmetics, elf 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.

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