e.l.f. Beauty (NYSE:ELF) Shares Up 7.1% – What’s Next?

e.l.f. Beauty, Inc. (NYSE:ELF)’s share price shot up 7.1% on Friday . The company traded as high as $76.15 and last traded at $76.19. 1,200,614 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 3,226,914 shares. The stock had previously closed at $71.11.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ELF. 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 note on Monday, February 3rd. DA Davidson reiterated a “neutral” rating and set a $80.00 target price on shares of e.l.f. Beauty in a research note on Tuesday. Truist Financial upped their target price on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Raymond James cut their target price on shares of e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating for the company in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. upped their target price on shares of e.l.f. Beauty from $154.00 to $163.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Five 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. According to data from MarketBeat, e.l.f. Beauty has a consensus rating of “Moderate Buy” and a consensus price target of $132.94.

e.l.f. Beauty Price Performance

The stock has a market cap of $4.23 billion, a P/E ratio of 44.33, a price-to-earnings-growth ratio of 6.95 and a beta of 1.47. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. The company’s fifty day simple moving average is $111.49 and its 200-day simple moving average is $121.74.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Thursday, February 6th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. As a group, sell-side analysts forecast that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, Director Maureen C. Watson sold 785 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $130.00, for a total transaction of $102,050.00. Following the sale, the director now owns 1,888 shares of the company’s stock, valued at $245,440. This represents a 29.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Scott Milsten sold 530 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $72,928.00. Following the sale, the insider now directly owns 68,853 shares in the company, valued at approximately $9,474,172.80. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,205 shares of company stock valued at $297,442. 3.50% of the stock is owned by insiders.

Institutional Investors Weigh In On e.l.f. Beauty

A number of hedge funds have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp grew its holdings in e.l.f. Beauty by 107.1% during the 4th quarter. Mackenzie Financial Corp now owns 513,647 shares of the company’s stock worth $64,488,000 after acquiring an additional 265,569 shares during the last quarter. GTS Securities LLC grew its holdings in e.l.f. Beauty by 102.7% during the 4th quarter. GTS Securities LLC now owns 1,806 shares of the company’s stock worth $227,000 after acquiring an additional 68,410 shares during the last quarter. Pinnacle Investment Management Ltd bought a new stake in e.l.f. Beauty during the 4th quarter worth about $1,256,000. Orion Capital Management LLC bought a new stake in e.l.f. Beauty during the 4th quarter worth about $30,000. Finally, Thornburg Investment Management Inc. grew its holdings in e.l.f. Beauty by 19.6% during the 4th quarter. Thornburg Investment Management Inc. now owns 31,778 shares of the company’s stock worth $3,990,000 after acquiring an additional 5,198 shares during the last quarter. Institutional investors 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.