e.l.f. Beauty (NYSE:ELF) Stock Price Up 6.2%

e.l.f. Beauty, Inc. (NYSE:ELF) traded up 6.2% during mid-day trading on Thursday . The stock traded as high as $217.26 and last traded at $217.26. 857,711 shares were traded during mid-day trading, a decline of 45% from the average session volume of 1,545,587 shares. The stock had previously closed at $204.59.

Analyst Upgrades and Downgrades

Several research firms have commented on ELF. Canaccord Genuity Group raised their target price on e.l.f. Beauty from $214.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. Bank of America lowered their price objective on shares of e.l.f. Beauty from $230.00 to $220.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. JPMorgan Chase & Co. reduced their target price on shares of e.l.f. Beauty from $197.00 to $182.00 and set an “overweight” rating for the company in a research report on Thursday, May 23rd. DA Davidson reaffirmed a “buy” rating and issued a $220.00 price target on shares of e.l.f. Beauty in a report on Monday, June 3rd. Finally, Piper Sandler reissued an “overweight” rating and set a $210.00 price objective on shares of e.l.f. Beauty in a report on Monday. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $198.93.

e.l.f. Beauty Trading Up 6.6 %

The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.95 and a current ratio of 1.60. The firm has a 50-day moving average of $178.79 and a 200-day moving average of $173.37. The firm has a market capitalization of $12.19 billion, a P/E ratio of 92.10, a price-to-earnings-growth ratio of 5.29 and a beta of 1.54.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Wednesday, May 22nd. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.16. e.l.f. Beauty had a return on equity of 26.64% and a net margin of 12.47%. The firm had revenue of $321.14 million during the quarter, compared to analyst estimates of $292.47 million. On average, equities research analysts anticipate that e.l.f. Beauty, Inc. will post 2.85 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Richard G. Wolford sold 11,072 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $181.13, for a total transaction of $2,005,471.36. Following the transaction, the director now directly owns 12,741 shares of the company’s stock, valued at $2,307,777.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Richard G. Wolford sold 11,072 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $181.13, for a total value of $2,005,471.36. Following the completion of the sale, the director now directly owns 12,741 shares of the company’s stock, valued at approximately $2,307,777.33. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jennifer Catherine Hartnett sold 9,808 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $184.96, for a total transaction of $1,814,087.68. Following the completion of the sale, the insider now owns 61,647 shares of the company’s stock, valued at $11,402,229.12. The disclosure for this sale can be found here. Insiders have sold 256,167 shares of company stock valued at $44,029,811 over the last ninety days. 5.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Armstrong Advisory Group Inc. lifted its stake in shares of e.l.f. Beauty by 390.2% in the fourth quarter. Armstrong Advisory Group Inc. now owns 201 shares of the company’s stock worth $29,000 after buying an additional 160 shares in the last quarter. Harbor Investment Advisory LLC bought a new position in e.l.f. Beauty in the 1st quarter valued at approximately $31,000. Oakworth Capital Inc. purchased a new stake in e.l.f. Beauty during the 1st quarter valued at $33,000. GPS Wealth Strategies Group LLC increased its holdings in shares of e.l.f. Beauty by 66.4% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 243 shares of the company’s stock worth $35,000 after purchasing an additional 97 shares in the last quarter. Finally, Rise Advisors LLC purchased a new position in shares of e.l.f. Beauty in the first quarter worth $40,000. Institutional investors own 92.44% of the company’s stock.

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.