e.l.f. Beauty (NYSE:ELF) PT Raised to $230.00 at Bank of America

e.l.f. Beauty (NYSE:ELF) had its price target hoisted by investment analysts at Bank of America from $220.00 to $230.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Bank of America‘s price objective points to a potential upside of 14.83% from the stock’s current price.

A number of other equities analysts also recently weighed in on ELF. Stifel Nicolaus dropped their target price on e.l.f. Beauty from $167.00 to $151.00 and set a “hold” rating on the stock in a report on Monday, May 20th. TD Cowen upped their target price on e.l.f. Beauty from $190.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. JPMorgan Chase & Co. decreased their target price on e.l.f. Beauty from $197.00 to $182.00 and set an “overweight” rating for the company in a research report on Thursday, May 23rd. Piper Sandler reaffirmed an “overweight” rating and set a $210.00 target price on shares of e.l.f. Beauty in a research report on Monday, June 24th. Finally, DA Davidson reaffirmed a “buy” rating and set a $220.00 target price on shares of e.l.f. Beauty in a research report on Monday, June 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, e.l.f. Beauty has a consensus rating of “Moderate Buy” and an average target price of $199.64.

e.l.f. Beauty Stock Down 3.0 %

ELF stock traded down $6.12 during trading on Wednesday, reaching $200.30. The stock had a trading volume of 600,831 shares, compared to its average volume of 1,568,955. e.l.f. Beauty has a 1-year low of $88.47 and a 1-year high of $221.83. The company has a current ratio of 1.60, a quick ratio of 0.95 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $11.20 billion, a P/E ratio of 90.45, a PEG ratio of 5.15 and a beta of 1.46. The firm has a fifty day moving average price of $185.99 and a 200 day moving average price of $177.82.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Wednesday, May 22nd. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.16. The firm had revenue of $321.14 million for the quarter, compared to analyst estimates of $292.47 million. e.l.f. Beauty had a net margin of 12.47% and a return on equity of 26.64%. On average, equities analysts anticipate that e.l.f. Beauty will post 2.85 earnings per share for the current year.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 15,386 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $200.85, for a total value of $3,090,278.10. Following the sale, the chief executive officer now owns 171,329 shares in the company, valued at approximately $34,411,429.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other e.l.f. Beauty news, insider Jennifer Catherine Hartnett sold 9,808 shares of the company’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $184.96, for a total value of $1,814,087.68. Following the transaction, the insider now directly owns 61,647 shares of the company’s stock, valued at approximately $11,402,229.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Tarang Amin sold 15,386 shares of the company’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $200.85, for a total value of $3,090,278.10. Following the completion of the transaction, the chief executive officer now directly owns 171,329 shares in the company, valued at $34,411,429.65. The disclosure for this sale can be found here. In the last ninety days, insiders sold 264,721 shares of company stock worth $46,009,001. 5.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in e.l.f. Beauty by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 6,050,649 shares of the company’s stock valued at $873,351,000 after purchasing an additional 79,701 shares during the last quarter. Wellington Management Group LLP grew its stake in e.l.f. Beauty by 5.2% during the fourth quarter. Wellington Management Group LLP now owns 2,540,832 shares of the company’s stock worth $366,744,000 after purchasing an additional 126,231 shares during the period. Dimensional Fund Advisors LP grew its stake in e.l.f. Beauty by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 952,863 shares of the company’s stock worth $137,538,000 after purchasing an additional 7,999 shares during the period. Clearbridge Investments LLC acquired a new stake in e.l.f. Beauty in the first quarter valued at approximately $133,940,000. Finally, Norges Bank acquired a new stake in e.l.f. Beauty in the fourth quarter valued at approximately $95,611,000. 92.44% of the stock is owned by institutional investors and hedge funds.

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.