UBS Group Boosts e.l.f. Beauty (NYSE:ELF) Price Target to $158.00

e.l.f. Beauty (NYSE:ELF) had its target price lifted by UBS Group from $156.00 to $158.00 in a report released on Thursday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

A number of other analysts also recently issued reports on ELF. B. Riley reduced their price target on shares of e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Morgan Stanley upgraded shares of e.l.f. Beauty from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $139.00 to $153.00 in a report on Monday, January 13th. The Goldman Sachs Group assumed coverage on shares of e.l.f. Beauty in a report on Friday, December 13th. They issued a “buy” rating and a $165.00 price target on the stock. Piper Sandler lifted their price target on shares of e.l.f. Beauty from $165.00 to $167.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Finally, Robert W. Baird dropped their price objective on shares of e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $169.06.

e.l.f. Beauty Stock Down 5.0 %

Shares of ELF stock opened at $127.17 on Thursday. The company has a market capitalization of $7.16 billion, a price-to-earnings ratio of 68.74, a PEG ratio of 2.17 and a beta of 1.50. e.l.f. Beauty has a one year low of $98.50 and a one year high of $221.83. The company’s fifty day moving average price is $129.27 and its 200-day moving average price is $136.94. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.43 by $0.34. The firm had revenue of $301.10 million for the quarter, compared to the consensus estimate of $289.43 million. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The company’s revenue was up 39.7% on a year-over-year basis. During the same period last year, the firm earned $0.66 EPS. Sell-side analysts expect 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, CEO Tarang Amin sold 890 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $122,464.00. Following the completion of the sale, the chief executive officer now directly owns 99,699 shares of the company’s stock, valued at $13,718,582.40. The trade was a 0.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Scott Milsten sold 530 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $72,928.00. Following the completion of the sale, the insider now directly owns 68,853 shares of the company’s stock, valued at approximately $9,474,172.80. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,205 shares of company stock valued at $297,442. Company insiders own 3.50% of the company’s stock.

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

Several large investors have recently added to or reduced their stakes in ELF. Wilmington Savings Fund Society FSB bought a new stake in shares of e.l.f. Beauty in the 3rd quarter valued at about $25,000. Planning Capital Management Corp raised its holdings in shares of e.l.f. Beauty by 1,855.0% in the 3rd quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock valued at $43,000 after purchasing an additional 371 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of e.l.f. Beauty in the 3rd quarter valued at about $44,000. Peterson Financial Group Inc. bought a new stake in shares of e.l.f. Beauty in the 3rd quarter valued at about $45,000. Finally, Blue Trust Inc. raised its holdings in shares of e.l.f. Beauty by 2,357.1% in the 3rd quarter. Blue Trust Inc. now owns 516 shares of the company’s stock valued at $56,000 after purchasing an additional 495 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

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.