e.l.f. Beauty (NYSE:ELF) Stock Price Up 5.2% Following Analyst Upgrade

e.l.f. Beauty, Inc. (NYSE:ELF)’s share price was up 5.2% on Thursday after UBS Group raised their price target on the stock from $156.00 to $158.00. UBS Group currently has a buy rating on the stock. e.l.f. Beauty traded as high as $135.86 and last traded at $135.15. Approximately 518,477 shares changed hands during trading, a decline of 59% from the average daily volume of 1,279,061 shares. The stock had previously closed at $128.41.

ELF has been the topic of a number of other reports. Stifel Nicolaus dropped their price objective on shares of e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating on the stock in a report on Thursday, November 7th. Jefferies Financial Group dropped their price objective on shares of e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price target 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. Truist Financial lifted their price target 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. Finally, The Goldman Sachs Group started coverage on shares of e.l.f. Beauty in a research note on Friday, December 13th. They issued a “buy” rating and a $165.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and an average target price of $169.06.

Insider Transactions at e.l.f. Beauty

In related news, insider Scott Milsten sold 530 shares of e.l.f. Beauty stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $72,928.00. Following the completion of the sale, the insider now owns 68,853 shares of the company’s stock, valued at approximately $9,474,172.80. The trade was a 0.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Maureen C. Watson sold 785 shares of e.l.f. Beauty stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $130.00, for a total transaction of $102,050.00. Following the sale, the director now directly owns 1,888 shares of the company’s stock, valued at $245,440. The trade was a 29.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,205 shares of company stock worth $297,442 in the last ninety days. Insiders own 3.50% of the company’s stock.

Institutional Trading of e.l.f. Beauty

A number of institutional investors have recently bought and sold shares of the business. Baillie Gifford & Co. boosted its holdings in e.l.f. Beauty by 39.5% in the 3rd quarter. Baillie Gifford & Co. now owns 5,305,692 shares of the company’s stock valued at $578,480,000 after purchasing an additional 1,501,151 shares during the period. State Street Corp boosted its holdings in e.l.f. Beauty by 3.7% in the 3rd quarter. State Street Corp now owns 1,665,203 shares of the company’s stock valued at $181,557,000 after purchasing an additional 59,248 shares during the period. Clearbridge Investments LLC boosted its holdings in e.l.f. Beauty by 84.4% in the 2nd quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock valued at $265,432,000 after purchasing an additional 576,383 shares during the period. FMR LLC boosted its holdings in e.l.f. Beauty by 5.5% in the 3rd quarter. FMR LLC now owns 1,186,766 shares of the company’s stock valued at $129,393,000 after purchasing an additional 61,524 shares during the period. Finally, Champlain Investment Partners LLC acquired a new position in shares of e.l.f. Beauty in the 3rd quarter valued at approximately $121,558,000. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Up 4.5 %

The firm’s 50-day moving average price is $128.77 and its 200 day moving average price is $137.97. The company has a market capitalization of $7.56 billion, a price-to-earnings ratio of 72.52, a PEG ratio of 2.17 and a beta of 1.50. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.43 by $0.34. The company had revenue of $301.10 million during the quarter, compared to analysts’ expectations of $289.43 million. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The business’s revenue for the quarter was up 39.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.66 EPS. On average, sell-side analysts forecast that e.l.f. Beauty, Inc. will post 2.8 EPS for the current fiscal year.

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.