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

by · The Markets Daily

Shares of e.l.f. Beauty, Inc. (NYSE:ELF – Get Free Report) shot up 7.1% on Friday . The stock traded as high as $76.15 and last traded at $76.19. 1,200,614 shares were traded during trading, a decline of 63% from the average session volume of 3,226,914 shares. The stock had previously closed at $71.11.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ELF. JPMorgan Chase & Co. raised their price objective on shares of e.l.f. Beauty from $154.00 to $163.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $70.00 price target (down from $153.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Raymond James decreased their price target on shares of e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating for the company in a report on Friday, February 7th. UBS Group reaffirmed a “neutral” rating and issued a $74.00 price target (down from $158.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Finally, Jefferies Financial Group decreased their price target on shares of e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $132.94.

Read Our Latest Research Report on ELF

e.l.f. Beauty Price Performance

The company has a market capitalization of $4.23 billion, a P/E ratio of 44.33, a P/E/G ratio of 6.95 and a beta of 1.47. The business’s 50-day simple moving average is $111.49 and its 200 day simple moving average is $121.74. 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 – Get Free Report) last released its quarterly 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 return on equity of 16.88% and a net margin of 7.55%. As a group, sell-side analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Tarang Amin sold 890 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $122,464.00. Following the transaction, the chief executive officer now directly owns 99,699 shares of the company’s stock, valued at $13,718,582.40. This trade represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Scott Milsten sold 530 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $72,928.00. Following the completion of the transaction, the insider now directly owns 68,853 shares in the company, valued at approximately $9,474,172.80. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,205 shares of company stock worth $297,442. 3.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ELF. Baillie Gifford & Co. grew its position in e.l.f. Beauty by 51.0% in the fourth quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company’s stock worth $1,005,584,000 after acquiring an additional 2,703,742 shares in the last quarter. Champlain Investment Partners LLC acquired a new stake in shares of e.l.f. Beauty in the third quarter worth $121,558,000. Swedbank AB acquired a new stake in shares of e.l.f. Beauty in the third quarter worth $76,321,000. William Blair Investment Management LLC lifted its stake in shares of e.l.f. Beauty by 40.9% in the fourth quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company’s stock worth $289,437,000 after buying an additional 669,321 shares during the last quarter. Finally, Aspex Management HK Ltd acquired a new stake in shares of e.l.f. Beauty in the fourth quarter worth $73,576,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

e.l.f. Beauty Company Profile

(Get Free Report)

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.

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