e.l.f. Beauty (NYSE:ELF) Stock Price Up 3.8% – Here’s What Happened

e.l.f. Beauty, Inc. (NYSE:ELF)’s stock price rose 3.8% during trading on Friday . The stock traded as high as $66.16 and last traded at $67.65. Approximately 535,078 shares traded hands during trading, a decline of 76% from the average daily volume of 2,250,953 shares. The stock had previously closed at $65.16.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ELF. JPMorgan Chase & Co. increased their price target on e.l.f. Beauty from $154.00 to $163.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Piper Sandler dropped their price objective on e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. DA Davidson cut their price objective on e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. UBS Group restated a “neutral” rating and issued a $74.00 price target (down previously from $158.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Finally, Stifel Nicolaus reduced their price objective on shares of e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating for the company in a research report on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $132.65.

e.l.f. Beauty Stock Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. The stock’s 50 day moving average price is $80.37 and its 200 day moving average price is $106.19. The company has a market capitalization of $3.66 billion, a P/E ratio of 38.38, a price-to-earnings-growth ratio of 6.76 and a beta of 1.60.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. As a group, equities analysts expect that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

Insiders Place Their Bets

In other e.l.f. Beauty news, Director Maureen C. Watson sold 4,000 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $67.39, for a total transaction of $269,560.00. Following the transaction, the director now directly owns 1,888 shares in the company, valued at approximately $127,232.32. This represents a 67.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of ELF. Nemes Rush Group LLC acquired a new stake in e.l.f. Beauty in the fourth quarter worth $27,000. Wilmington Savings Fund Society FSB bought a new position in shares of e.l.f. Beauty during the 3rd quarter worth about $25,000. Orion Capital Management LLC acquired a new stake in shares of e.l.f. Beauty in the 4th quarter valued at about $30,000. Promus Capital LLC acquired a new stake in shares of e.l.f. Beauty in the 4th quarter valued at about $31,000. Finally, Kestra Investment Management LLC bought a new stake in e.l.f. Beauty in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.