elf Beauty (NYSE:ELF – Get a Rating) had its price target raised by Morgan Stanley stock research analysts from $42.00 to $46.00 in a research report released on Wednesday, reports The Fly. Morgan Stanley’s target price suggests a potential upside of 16.40% from the company’s previous close.
A number of other research analysts have also recently commented on the company. Truist Financial raised its price target on elf Beauty from $40.00 to $50.00 and gave the stock a “buy” rating in a Thursday, September 15 research note. Piper Sandler lowered her price target on elf Beauty shares from $29.00 to $24.00 in a Thursday, May 26 research report. William Blair reiterated an “outperforming” rating on elf Beauty shares in a Thursday, May 26 research report. Raymond James raised his price target on elf Beauty shares from $27.00 to $38.00 and gave the stock an “outperform” rating in a Tuesday, August 2 research report. Finally, Cowen downgraded elf Beauty from an “outperforming” rating to a “market performing” rating and set a price target of $36.00 for the company. in a research report on Friday, August 12. Four investment analysts gave the stock a hold rating and eight gave the company a buy rating. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $39.67.
elf Beauty Stock Up 0.0 %
ELF stock opened at $39.52 on Wednesday. The company has a market capitalization of $2.07 billion, a price-earnings ratio of 74.57 and a beta of 1.59. elf Beauty has a 1 year minimum of $20.49 and a 1 year maximum of $40.89. The company has a fifty-day moving average price of $36.23 and a two-hundred-day moving average price of $29.33. The company has a debt ratio of 0.27, a current ratio of 3.51 and a quick ratio of 2.37.
elf Beauty (NYSE:ELF – Get Rating) last reported quarterly earnings data on Wednesday, August 3. The company reported earnings per share of $0.30 for the quarter, beating consensus analyst estimates of $0.16 by $0.14. elf Beauty achieved a net margin of 6.69% and a return on equity of 10.95%. The company posted revenue of $122.60 million in the quarter, versus a consensus estimate of $109.42 million. Research analysts predict that elf Beauty will post EPS of 0.63 for the current year.
Insiders place their bets
Separately, insider Kory Marchisotto sold 57,550 shares of the company in a trade on Thursday, September 15. The stock was sold at an average price of $39.97, for a total value of $2,300,273.50. Following the sale, the insider now owns 159,400 shares of the company, valued at approximately $6,371,218. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. In other news, insider Kory Marchisotto sold 57,550 shares of elf Beauty in a trade that took place on Thursday, September 15. The shares were sold at an average price of $39.97, for a total value of $2,300,273.50. Following the transaction, the insider now owns 159,400 shares of the company, valued at approximately $6,371,218. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC’s website. Additionally, SVP Joshua Allen Franks sold 10,515 shares of the company in a trade that took place on Wednesday, August 10. The stock was sold at an average price of $36.50, for a total transaction of $383,797.50. Following the completion of the sale, the senior vice president now owns 116,234 shares of the company, valued at $4,242,541. The disclosure of this sale can be found here. Insiders sold 542,746 shares of the company worth $19,538,088 in the past ninety days. Insiders of the company hold 8.20% of the shares of the company.
Institutional investors weigh in on elf Beauty
Several large investors have recently changed their stock holdings. Bank of America Corp DE increased its stake in elf Beauty by 86.4% during the 4th quarter. Bank of America Corp DE now owns 207,094 shares of the company worth $6,878,000 after purchasing an additional 96,016 shares during the period. Teacher Retirement System of Texas increased its holdings of elf Beauty stock by 22.1% during the fourth quarter. Teacher Retirement System of Texas now owns 9,071 shares of the company valued at $301,000 after acquiring an additional 1,642 shares during the period. Citigroup Inc. increased its position in elf Beauty shares by 39.4% in the 4th quarter. Citigroup Inc. now owns 37,094 shares of the company valued at $1,232,000 after acquiring 10,477 additional shares last quarter. Qube Research & Technologies Ltd increased its stake in elf Beauty by 424.7% in the 4th quarter. Qube Research & Technologies Ltd now owns 39,330 shares of the company worth $1,306,000 after purchasing an additional 31,834 shares during the period. Finally, JPMorgan Chase & Co. increased its position in elf Beauty by 6.0% in the 4th quarter. JPMorgan Chase & Co. now owns 250,080 shares of the company worth $8,305,000 after buying 14,053 additional shares in the last quarter. 94.61% of the shares are held by institutional investors.
About the beauty of elves
(Get a rating)
elf Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the elf Cosmetics, elf Skin, Well People and Keys Soulcare brands worldwide. The Company offers eye, lip, face, face, paw and skin care products. It sells its products through domestic and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.
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