e.l.f. Beauty (NYSE:ELF) Trading Up 0.9%

e.l.f. Beauty, Inc. (NYSE:ELF)’s stock price rose 0.9% on Friday . The company traded as high as $157.67 and last traded at $156.96. Approximately 417,327 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 1,653,427 shares. The stock had previously closed at $155.54.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ELF. DA Davidson boosted their price objective on shares of e.l.f. Beauty from $220.00 to $223.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Piper Sandler reaffirmed an “overweight” rating and set a $260.00 price objective (up previously from $258.00) on shares of e.l.f. Beauty in a research report on Friday, August 9th. Canaccord Genuity Group boosted their target price on shares of e.l.f. Beauty from $214.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. 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. Finally, Raymond James restated a “strong-buy” rating and issued a $235.00 target price on shares of e.l.f. Beauty in a research note on Monday, July 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $216.43.

e.l.f. Beauty Price Performance

The firm’s fifty day moving average price is $187.52 and its 200 day moving average price is $182.03. The firm has a market capitalization of $8.86 billion, a PE ratio of 70.70, a P/E/G ratio of 3.66 and a beta of 1.46. The company has a current ratio of 1.60, a quick ratio of 0.95 and a debt-to-equity ratio of 0.25.

e.l.f. Beauty (NYSE:ELF) 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. e.l.f. Beauty had a net margin of 12.47% and a return on equity of 26.64%. The business had revenue of $321.14 million for the quarter, compared to the consensus estimate of $292.47 million. As a group, equities analysts forecast that e.l.f. Beauty, Inc. will post 2.84 earnings per share for the current year.

Insider Buying and Selling at e.l.f. Beauty

In other news, insider Jennifer Catherine Hartnett sold 9,808 shares of the firm’s stock in a transaction on 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 transaction, the insider now directly owns 61,647 shares in the company, valued at $11,402,229.12. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other e.l.f. Beauty news, insider Jennifer Catherine Hartnett sold 9,808 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $184.96, for a total value of $1,814,087.68. Following the completion of the transaction, the insider now owns 61,647 shares of the company’s stock, valued at approximately $11,402,229.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Tarang Amin sold 42,953 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer now owns 258,667 shares in the company, valued at $47,843,048.32. The disclosure for this sale can be found here. Insiders sold a total of 97,390 shares of company stock worth $18,264,873 over the last three months. Insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC purchased a new stake in shares of e.l.f. Beauty during the 2nd quarter worth $26,000. Matrix Trust Co acquired a new position in e.l.f. Beauty in the second quarter valued at approximately $27,000. Innealta Capital LLC acquired a new stake in e.l.f. Beauty during the second quarter worth approximately $30,000. Harbor Investment Advisory LLC acquired a new position in shares of e.l.f. Beauty in the 1st quarter valued at $31,000. Finally, Oakworth Capital Inc. acquired a new stake in e.l.f. Beauty during the 1st quarter worth $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.