e.l.f. Beauty (NYSE:ELF) Shares Gap Up – Time to Buy?

Shares of e.l.f. Beauty, Inc. (NYSE:ELF) gapped up before the market opened on Friday . The stock had previously closed at $62.97, but opened at $66.13. e.l.f. Beauty shares last traded at $66.44, with a volume of 516,912 shares traded.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Canaccord Genuity Group decreased their price target on e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Morgan Stanley reissued an “equal weight” rating and set a $70.00 target price (down previously from $153.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. The Goldman Sachs Group lowered their price target on e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. DA Davidson reiterated a “neutral” rating and issued a $80.00 price target on shares of e.l.f. Beauty in a research report on Tuesday, February 18th. Finally, Raymond James cut their target price on e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating on the stock in a research report on Friday, February 7th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, e.l.f. Beauty has a consensus rating of “Moderate Buy” and a consensus price target of $132.94.

e.l.f. Beauty Stock Up 6.9 %

The firm has a 50-day moving average of $93.16 and a two-hundred day moving average of $111.75. The firm has a market cap of $3.80 billion, a price-to-earnings ratio of 39.82, a PEG ratio of 6.76 and a beta of 1.60. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20.

e.l.f. Beauty (NYSE:ELF) last issued its 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, sell-side analysts predict that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

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

In other e.l.f. Beauty news, Director Maureen C. Watson sold 4,000 shares of the business’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $67.39, for a total value of $269,560.00. Following the transaction, the director now owns 1,888 shares of the company’s stock, valued at approximately $127,232.32. The trade was a 67.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ELF. Wilmington Savings Fund Society FSB bought a new position in e.l.f. Beauty in the 3rd quarter worth approximately $25,000. Nemes Rush Group LLC bought a new stake in e.l.f. Beauty during the 4th quarter worth about $27,000. Orion Capital Management LLC acquired a new position in e.l.f. Beauty during the 4th quarter valued at about $30,000. Promus Capital LLC acquired a new position in e.l.f. Beauty during the 4th quarter valued at about $31,000. Finally, Kestra Investment Management LLC bought a new position in shares of 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.

About e.l.f. Beauty

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.