e.l.f. Beauty (NYSE:ELF) Trading Up 4.1%

e.l.f. Beauty, Inc. (NYSE:ELF)’s stock price shot up 4.1% on Friday . The company traded as high as $122.99 and last traded at $119.40. 1,081,048 shares traded hands during mid-day trading, a decline of 37% from the average session volume of 1,725,125 shares. The stock had previously closed at $114.67.

Analyst Ratings Changes

A number of research analysts recently issued reports on ELF shares. Baird R W upgraded shares of e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 18th. Truist Financial boosted their price target on e.l.f. Beauty from $200.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Canaccord Genuity Group increased their price target 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. Piper Sandler reiterated an “overweight” rating and issued a $260.00 price objective on shares of e.l.f. Beauty in a research report on Monday, August 26th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $223.00 price target on shares of e.l.f. Beauty in a report on Wednesday. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $205.33.

e.l.f. Beauty Price Performance

The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.77. The stock’s 50 day simple moving average is $162.94 and its two-hundred day simple moving average is $177.71. The firm has a market capitalization of $6.58 billion, a PE ratio of 52.54, a price-to-earnings-growth ratio of 2.37 and a beta of 1.44.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.20. The firm had revenue of $324.48 million for the quarter, compared to the consensus estimate of $303.60 million. e.l.f. Beauty had a return on equity of 23.30% and a net margin of 10.80%. On average, sell-side analysts forecast that e.l.f. Beauty, Inc. will post 2.88 EPS for the current year.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 548 shares of e.l.f. Beauty stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $175.00, for a total transaction of $95,900.00. Following the transaction, the chief executive officer now directly owns 214,507 shares of the company’s stock, valued at $37,538,725. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other e.l.f. Beauty news, CEO Tarang Amin sold 548 shares of e.l.f. Beauty stock in a transaction on Monday, August 5th. The stock was sold at an average price of $175.00, for a total value of $95,900.00. Following the sale, the chief executive officer now owns 214,507 shares in the company, valued at $37,538,725. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Joshua Allen Franks sold 3,370 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $201.28, for a total value of $678,313.60. Following the transaction, the senior vice president now owns 71,986 shares of the company’s stock, valued at $14,489,342.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,304 shares of company stock valued at $3,864,492. 5.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On e.l.f. Beauty

Hedge funds and other institutional investors have recently bought and sold shares of the company. Guidance Capital Inc. lifted its position in shares of e.l.f. Beauty by 1.6% during the fourth quarter. Guidance Capital Inc. now owns 3,510 shares of the company’s stock worth $490,000 after purchasing an additional 56 shares in the last quarter. Picton Mahoney Asset Management lifted its holdings in e.l.f. Beauty by 3.2% during the 2nd quarter. Picton Mahoney Asset Management now owns 2,430 shares of the company’s stock worth $512,000 after buying an additional 75 shares in the last quarter. Hanseatic Management Services Inc. boosted its position in e.l.f. Beauty by 1.7% in the 2nd quarter. Hanseatic Management Services Inc. now owns 4,507 shares of the company’s stock valued at $950,000 after buying an additional 77 shares during the period. GAMMA Investing LLC grew its stake in shares of e.l.f. Beauty by 33.2% in the first quarter. GAMMA Investing LLC now owns 353 shares of the company’s stock worth $69,000 after acquiring an additional 88 shares in the last quarter. Finally, American International Group Inc. increased its position in shares of e.l.f. Beauty by 0.3% during the fourth quarter. American International Group Inc. now owns 29,435 shares of the company’s stock worth $4,249,000 after acquiring an additional 90 shares during the period. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

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.