e.l.f. Beauty (NYSE:ELF) Price Target Raised to $240.00 at Robert W. Baird

e.l.f. Beauty (NYSE:ELF) had its target price boosted by equities research analysts at Robert W. Baird from $230.00 to $240.00 in a research note issued on Friday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s target price points to a potential upside of 49.23% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. Truist Financial lifted their price objective on shares of e.l.f. Beauty from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Baird R W upgraded shares of e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 18th. Piper Sandler lifted their price target on shares of e.l.f. Beauty from $210.00 to $258.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Raymond James reiterated a “strong-buy” rating and set a $235.00 price target on shares of e.l.f. Beauty in a research note on Monday, July 22nd. Finally, DA Davidson reiterated a “buy” rating and set a $220.00 price target on shares of e.l.f. Beauty in a research note on Monday, June 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $217.64.

e.l.f. Beauty Stock Down 14.4 %

Shares of e.l.f. Beauty stock traded down $27.12 during trading on Friday, hitting $160.83. 7,408,642 shares of the stock were exchanged, compared to its average volume of 1,625,412. The stock has a market cap of $9.00 billion, a price-to-earnings ratio of 72.45, a price-to-earnings-growth ratio of 3.66 and a beta of 1.46. The firm’s 50-day moving average price is $190.75 and its 200 day moving average price is $182.43. e.l.f. Beauty has a 12-month low of $88.47 and a 12-month high of $221.83. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.60 and a quick ratio of 0.95.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Wednesday, May 22nd. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.16. The business had revenue of $321.14 million during the quarter, compared to analysts’ expectations of $292.47 million. e.l.f. Beauty had a net margin of 12.47% and a return on equity of 26.64%. As a group, analysts forecast that e.l.f. Beauty will post 2.84 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Tarang Amin sold 42,953 shares of e.l.f. Beauty stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $184.96, for a total value of $7,944,586.88. Following the sale, the chief executive officer now owns 258,667 shares of the company’s stock, valued at $47,843,048.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, SVP Joshua Allen Franks sold 3,370 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $201.28, for a total transaction of $678,313.60. Following the sale, the senior vice president now owns 71,986 shares of the company’s stock, valued at $14,489,342.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Tarang Amin sold 42,953 shares of the business’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 $7,944,586.88. Following the sale, the chief executive officer now directly owns 258,667 shares in the company, valued at approximately $47,843,048.32. The disclosure for this sale can be found here. Insiders have sold a total of 97,390 shares of company stock valued at $18,264,873 over the last quarter. Corporate insiders own 5.20% of the company’s stock.

Institutional Trading of e.l.f. Beauty

Institutional investors have recently added to or reduced their stakes in the stock. Ashton Thomas Private Wealth LLC purchased a new stake in e.l.f. Beauty during the second quarter worth about $26,000. Matrix Trust Co purchased a new stake in e.l.f. Beauty during the second quarter worth about $27,000. Innealta Capital LLC purchased a new stake in e.l.f. Beauty during the second quarter worth about $30,000. Harbor Investment Advisory LLC purchased a new stake in e.l.f. Beauty during the first quarter worth about $31,000. Finally, Oakworth Capital Inc. purchased a new stake in e.l.f. Beauty during the first quarter worth about $33,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

About e.l.f. Beauty

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.