Piper Sandler Issues Positive Forecast for e.l.f. Beauty (NYSE:ELF) Stock Price

e.l.f. Beauty (NYSE:ELF) had its price objective upped by Piper Sandler from $165.00 to $167.00 in a research report released on Monday,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

ELF has been the topic of a number of other reports. The Goldman Sachs Group started coverage on shares of e.l.f. Beauty in a report on Friday, December 13th. They issued a “buy” rating and a $165.00 target price on the stock. TD Cowen lowered their price objective on e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, September 12th. Morgan Stanley cut their price target on shares of e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating for the company in a report on Monday, September 30th. Robert W. Baird decreased their target price on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on e.l.f. Beauty in a research note on Thursday, December 12th. They issued a “hold” rating and a $133.00 price target for the company. One analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $171.94.

e.l.f. Beauty Trading Down 0.2 %

NYSE ELF opened at $127.49 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. The stock’s 50-day moving average is $126.32 and its 200-day moving average is $140.77. e.l.f. Beauty has a one year low of $98.50 and a one year high of $221.83. The firm has a market cap of $7.18 billion, a P/E ratio of 68.91, a P/E/G ratio of 3.03 and a beta of 1.50.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.34. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The business had revenue of $301.10 million for the quarter, compared to analyst estimates of $289.43 million. During the same quarter last year, the firm earned $0.66 EPS. e.l.f. Beauty’s revenue for the quarter was up 39.7% compared to the same quarter last year. Sell-side analysts anticipate that e.l.f. Beauty will post 2.8 earnings per share for the current fiscal year.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, Director Maureen C. Watson sold 785 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $130.00, for a total value of $102,050.00. Following the completion of the sale, the director now directly owns 1,888 shares of the company’s stock, valued at approximately $245,440. This represents a 29.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Scott Milsten sold 530 shares of the 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 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 position. The disclosure for this sale can be found here. Insiders sold a total of 2,205 shares of company stock valued at $297,442 over the last ninety days. 3.50% of the stock is currently owned by insiders.

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

Several institutional investors have recently modified their holdings of ELF. Baillie Gifford & Co. lifted its holdings in e.l.f. Beauty by 39.5% during the third quarter. Baillie Gifford & Co. now owns 5,305,692 shares of the company’s stock worth $578,480,000 after acquiring an additional 1,501,151 shares during the period. Champlain Investment Partners LLC purchased a new stake in shares of e.l.f. Beauty during the 3rd quarter valued at $121,558,000. Swedbank AB bought a new stake in shares of e.l.f. Beauty during the 3rd quarter worth $76,321,000. Clearbridge Investments LLC boosted its holdings in shares of e.l.f. Beauty by 84.4% in the 2nd quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock worth $265,432,000 after buying an additional 576,383 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its position in e.l.f. Beauty by 223.2% during the third quarter. Thrivent Financial for Lutherans now owns 555,287 shares of the company’s stock valued at $60,543,000 after buying an additional 383,478 shares during the period. 92.44% of the stock is owned by 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.