e.l.f. Beauty (NYSE:ELF) Stock Price Up 4.5% – Here’s What Happened

e.l.f. Beauty (NYSE:ELF)’s stock price rose 4.5% during mid-day trading on Monday . The stock traded as high as $108.33 and last traded at $108.8250. 309,630 shares traded hands during trading, a decline of 89% from the average session volume of 2,759,291 shares. The stock had previously closed at $104.10.

Analyst Upgrades and Downgrades

ELF has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $64.00 price objective on shares of e.l.f. Beauty in a research note on Tuesday, June 16th. Bank of America cut their target price on shares of e.l.f. Beauty from $93.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Morgan Stanley reduced their price target on shares of e.l.f. Beauty from $67.00 to $59.00 and set an “equal weight” rating on the stock in a report on Thursday, May 21st. Jefferies Financial Group increased their price target on shares of e.l.f. Beauty from $72.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Finally, Weiss Ratings raised shares of e.l.f. Beauty from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.12.

e.l.f. Beauty Trading Down 3.2%

The company has a quick ratio of 1.82, a current ratio of 2.55 and a debt-to-equity ratio of 0.69. The firm has a market cap of $6.23 billion, a price-to-earnings ratio of 105.59, a price-to-earnings-growth ratio of 3.39 and a beta of 1.58. The business has a 50 day moving average of $85.39 and a 200 day moving average of $73.43.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $1.04. The firm had revenue of $479.37 million during the quarter, compared to analysts’ expectations of $431.20 million. e.l.f. Beauty had a return on equity of 14.07% and a net margin of 3.38%.The firm’s quarterly revenue was up 35.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.89 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. On average, research analysts forecast that e.l.f. Beauty will post 2.64 earnings per share for the current fiscal year.

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

In other news, CEO Tarang Amin sold 50,164 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $78.24, for a total value of $3,924,831.36. Following the completion of the transaction, the chief executive officer owned 110,496 shares of the company’s stock, valued at $8,645,207.04. The trade was a 31.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Joshua Allen Franks sold 5,718 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $100.00, for a total transaction of $571,800.00. Following the completion of the transaction, the senior vice president directly owned 144,309 shares of the company’s stock, valued at approximately $14,430,900. This represents a 3.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 140,780 shares of company stock valued at $10,091,078. Corporate insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Continuum Advisory LLC acquired a new stake in shares of e.l.f. Beauty during the second quarter worth $31,000. Hilton Head Capital Partners LLC purchased a new stake in shares of e.l.f. Beauty in the fourth quarter valued at $32,000. EverSource Wealth Advisors LLC lifted its position in e.l.f. Beauty by 97.0% during the second quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock worth $32,000 after buying an additional 128 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in e.l.f. Beauty by 58.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock worth $39,000 after buying an additional 117 shares during the period. Finally, State of Wyoming acquired a new stake in e.l.f. Beauty in the 2nd quarter worth about $40,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

About e.l.f. Beauty

e.l.f. Beauty (NYSE: ELF) is an American cosmetics company known for offering an extensive range of affordable, trend-driven makeup and skincare products. The company’s portfolio spans foundations, lipsticks, mascaras, brushes, serums, masks and other beauty essentials, all positioned at accessible price points. e.l.f. Beauty maintains a direct-to-consumer platform through its e-commerce site and engages in widespread retail partnerships with major chains such as Target, Walmart, Ulta Beauty and Amazon.

Founded in 2004 and headquartered in Oakland, California, e.l.f.