Brokerages Set e.l.f. Beauty, Inc. (NYSE:ELF) Target Price at $201.57

Shares of e.l.f. Beauty, Inc. (NYSE:ELF) have been given an average recommendation of “Buy” by the fifteen analysts that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $198.71.

ELF has been the subject of a number of analyst reports. Stifel Nicolaus lifted their price target on shares of e.l.f. Beauty from $151.00 to $161.00 and gave the company a “hold” rating in a research report on Monday, July 22nd. Canaccord Genuity Group lifted their price objective on e.l.f. Beauty from $214.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. Morgan Stanley reduced their target price on e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating on the stock in a report on Monday, September 30th. Piper Sandler dropped their price target on e.l.f. Beauty from $260.00 to $162.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. Finally, UBS Group reduced their price objective on shares of e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, August 9th.

Insider Transactions at e.l.f. Beauty

In related news, CEO Tarang Amin sold 548 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $175.00, for a total transaction of $95,900.00. Following the sale, the chief executive officer now owns 214,507 shares of the company’s stock, valued at $37,538,725. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board acquired a new position in e.l.f. Beauty in the 2nd quarter valued at approximately $6,659,000. Cetera Investment Advisers raised its position in e.l.f. Beauty by 33.8% during the 2nd quarter. Cetera Investment Advisers now owns 39,319 shares of the company’s stock worth $8,285,000 after purchasing an additional 9,939 shares during the last quarter. Wellington Management Group LLP lifted its holdings in e.l.f. Beauty by 5.2% during the 4th quarter. Wellington Management Group LLP now owns 2,540,832 shares of the company’s stock worth $366,744,000 after buying an additional 126,231 shares during the period. Clearbridge Investments LLC grew its position 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 valued at $265,432,000 after buying an additional 576,383 shares during the last quarter. Finally, Swiss National Bank increased its stake in shares of e.l.f. Beauty by 0.5% in the first quarter. Swiss National Bank now owns 108,900 shares of the company’s stock valued at $21,348,000 after buying an additional 500 shares during the period. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Trading Up 2.1 %

ELF stock opened at $109.72 on Friday. e.l.f. Beauty has a one year low of $88.47 and a one year high of $221.83. The stock has a market cap of $6.14 billion, a price-to-earnings ratio of 49.42, a price-to-earnings-growth ratio of 2.19 and a beta of 1.43. The company has a fifty day moving average price of $133.52 and a two-hundred day moving average price of $164.34. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.77 and a quick ratio of 1.10.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Thursday, August 8th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.20. e.l.f. Beauty had a return on equity of 23.30% and a net margin of 10.80%. The company had revenue of $324.48 million for the quarter, compared to analyst estimates of $303.60 million. Equities analysts anticipate that e.l.f. Beauty will post 2.88 EPS for the current year.

e.l.f. Beauty Company Profile

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.