e.l.f. Beauty (NYSE:ELF) Price Target Raised to $38.00

e.l.f. Beauty (NYSE:ELF – Get Rating) had its price target hoisted by Raymond James from $27.00 to $38.00 in a research report report published on Tuesday, Benzinga reports. They currently have an outperform rating on the stock.

ELF has been the topic of several other reports. JPMorgan Chase & Co. upped their price objective on shares of e.l.f. Beauty from $30.00 to $35.00 in a report on Thursday, July 21st. DA Davidson upped their price objective on shares of e.l.f. Beauty from $42.00 to $44.00 and gave the stock a buy rating in a report on Thursday. Morgan Stanley upped their price objective on shares of e.l.f. Beauty from $39.00 to $42.00 and gave the stock an overweight rating in a report on Thursday. William Blair restated an outperform rating on shares of e.l.f. Beauty in a report on Thursday, May 26th. Finally, Piper Sandler decreased their price objective on shares of e.l.f. Beauty from $29.00 to $24.00 in a report on Thursday, May 26th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $37.00.

e.l.f. Beauty Stock Performance

NYSE:ELF opened at $37.45 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.97 and a quick ratio of 1.67. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 70.66 and a beta of 1.67. The company’s 50-day moving average is $29.93 and its two-hundred day moving average is $26.99. e.l.f. Beauty has a 1-year low of $20.49 and a 1-year high of $37.77.

e.l.f. Beauty (NYSE:ELF – Get Rating) last posted its earnings results on Wednesday, May 25th. The company reported $0.06 earnings per share for the quarter. The company had revenue of $105.14 million for the quarter, compared to analyst estimates of $91.22 million. e.l.f. Beauty had a net margin of 6.69% and a return on equity of 11.22%. e.l.f. Beauty’s revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.10 EPS. Analysts forecast that e.l.f. Beauty will post 0.55 EPS for the current year.

Insiders Place Their Bets

In other e.l.f. Beauty news, CEO Tarang Amin sold 42,561 shares of the stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $33.87, for a total transaction of $1,441,541.07. Following the sale, the chief executive officer now directly owns 411,915 shares in the company, valued at approximately $13,951,561.05. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other e.l.f. Beauty news, insider Mandy J. Fields sold 35,389 shares of the stock in a transaction that occurred on Thursday, June 30th. The shares were sold at an average price of $30.03, for a total value of $1,062,731.67. Following the sale, the insider now directly owns 121,786 shares of the company’s stock, valued at approximately $3,657,233.58. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Tarang Amin sold 42,561 shares of the stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $33.87, for a total transaction of $1,441,541.07. Following the completion of the sale, the chief executive officer now directly owns 411,915 shares in the company, valued at $13,951,561.05. The disclosure for this sale can be found here. Insiders have sold a total of 300,480 shares of company stock worth $8,529,868 in the last ninety days. 8.20% of the stock is owned by corporate insiders.

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

A number of large investors have recently modified their holdings of ELF. Allspring Global Investments Holdings LLC purchased a new stake in shares of e.l.f. Beauty in the 4th quarter valued at approximately $19,845,000. Yousif Capital Management LLC purchased a new position in shares of e.l.f. Beauty in the 4th quarter valued at $1,462,000. Qube Research & Technologies Ltd grew its position in shares of e.l.f. Beauty by 424.7% in the 4th quarter. Qube Research & Technologies Ltd now owns 39,330 shares of the company’s stock valued at $1,306,000 after buying an additional 31,834 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of e.l.f. Beauty by 909.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 201,974 shares of the company’s stock valued at $6,708,000 after buying an additional 181,962 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of e.l.f. Beauty by 45.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,456 shares of the company’s stock valued at $181,000 after buying an additional 1,710 shares during the last quarter. 90.95% of the stock is owned by hedge funds and other institutional investors.

About e.l.f. Beauty

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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.