e.l.f. Beauty, Inc. (NYSE:ELF) Receives $216.43 Consensus Target Price from Analysts

e.l.f. Beauty, Inc. (NYSE:ELF) has earned an average rating of “Buy” from the fifteen analysts that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $216.43.

Several research firms have recently commented on ELF. Canaccord Genuity Group raised their price target 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. Robert W. Baird raised their price target on e.l.f. Beauty from $230.00 to $240.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Raymond James reissued a “strong-buy” rating and issued a $235.00 price target on shares of e.l.f. Beauty in a report on Monday, July 22nd. Bank of America raised their price objective on e.l.f. Beauty from $220.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Finally, DA Davidson raised their price objective on e.l.f. Beauty from $220.00 to $223.00 and gave the company a “buy” rating in a research note on Friday, August 9th.

e.l.f. Beauty Stock Up 1.3 %

ELF opened at $153.23 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.60 and a quick ratio of 0.95. The business has a 50 day simple moving average of $181.32 and a 200-day simple moving average of $181.81. The stock has a market capitalization of $8.57 billion, a P/E ratio of 69.02, a P/E/G ratio of 3.66 and a beta of 1.46. e.l.f. Beauty has a 12 month low of $88.47 and a 12 month high of $221.83.

Insiders Place Their Bets

In other e.l.f. Beauty 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 completion of the transaction, the chief executive officer now owns 214,507 shares of the company’s stock, valued at $37,538,725. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Richard G. Wolford sold 11,072 shares of e.l.f. Beauty stock in a transaction on Friday, June 7th. The stock was 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 owns 12,741 shares of the company’s stock, valued at $2,307,777.33. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Tarang Amin sold 548 shares of e.l.f. Beauty stock in a transaction on Monday, August 5th. The shares were sold at an average price of $175.00, for a total value of $95,900.00. Following the completion of the transaction, the chief executive officer now owns 214,507 shares in the company, valued at approximately $37,538,725. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 97,390 shares of company stock valued at $18,264,873. Corporate insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in e.l.f. Beauty by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 6,050,649 shares of the company’s stock valued at $873,351,000 after acquiring an additional 79,701 shares during the last quarter. Baillie Gifford & Co. acquired a new position in e.l.f. Beauty in the second quarter valued at $801,693,000. Wellington Management Group LLP boosted its holdings in e.l.f. Beauty by 5.2% in the fourth quarter. Wellington Management Group LLP now owns 2,540,832 shares of the company’s stock valued at $366,744,000 after acquiring an additional 126,231 shares during the last quarter. William Blair Investment Management LLC boosted its holdings in e.l.f. Beauty by 12.5% in the second quarter. William Blair Investment Management LLC now owns 1,512,180 shares of the company’s stock valued at $318,647,000 after acquiring an additional 168,267 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its stake in shares of e.l.f. Beauty by 84.4% during the second quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock worth $265,432,000 after purchasing an additional 576,383 shares in the last quarter. Institutional investors and hedge funds 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.