e.l.f. Beauty, Inc. (NYSE:ELF – Get Free Report)’s stock price shot up 6.2% during trading on Tuesday after JPMorgan Chase & Co. raised their price target on the stock from $182.00 to $224.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. e.l.f. Beauty traded as high as $180.54 and last traded at $180.07. 706,609 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 1,586,315 shares. The stock had previously closed at $169.57.
Several other equities research analysts have also commented on ELF. DA Davidson reaffirmed a “buy” rating and set a $220.00 price target on shares of e.l.f. Beauty in a research report on Monday, June 3rd. Truist Financial upped their target price on shares of e.l.f. Beauty from $200.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Stifel Nicolaus lifted their price target on shares of e.l.f. Beauty from $151.00 to $161.00 and gave the stock a “hold” rating in a research note on Monday. Bank of America boosted their price objective on shares of e.l.f. Beauty from $220.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Finally, Piper Sandler raised their target price on e.l.f. Beauty from $210.00 to $258.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $210.00.
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Insiders Place Their Bets
Institutional Trading of e.l.f. Beauty
Large investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio grew its holdings in shares of e.l.f. Beauty by 7.2% in the third quarter. Public Employees Retirement System of Ohio now owns 2,573 shares of the company’s stock valued at $283,000 after purchasing an additional 172 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of e.l.f. Beauty in the 4th quarter worth $199,000. 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 buying an additional 97 shares during the last quarter. CoreCap Advisors LLC raised its position in shares of e.l.f. Beauty by 44.0% during the 4th quarter. CoreCap Advisors LLC now owns 2,875 shares of the company’s stock valued at $415,000 after buying an additional 878 shares in the last quarter. Finally, Raymond James & Associates raised its position in shares of e.l.f. Beauty by 120.8% during the 4th quarter. Raymond James & Associates now owns 69,251 shares of the company’s stock valued at $9,996,000 after buying an additional 37,881 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.
e.l.f. Beauty Trading Up 6.1 %
The stock has a market cap of $10.14 billion, a P/E ratio of 80.90, a P/E/G ratio of 3.90 and a beta of 1.46. 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 stock’s fifty day moving average is $190.52 and its 200 day moving average is $180.76.
e.l.f. Beauty (NYSE:ELF – Get Free Report) last posted its quarterly earnings data on Wednesday, May 22nd. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.16. The business had revenue of $321.14 million during the quarter, compared to analyst estimates of $292.47 million. e.l.f. Beauty had a return on equity of 26.64% and a net margin of 12.47%. As a group, equities research analysts predict that e.l.f. Beauty, Inc. will post 2.83 earnings per share for the current fiscal 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.
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