Beauty market

Raymond James Raises Elf Beauty (NYSE:ELF) Price Target To $50.00

elf Beauty (NYSE:ELF – Get a Rating) saw its target price raised by Raymond James research analysts from $46.00 to $50.00 in a research report released Thursday, Benzinga reports. The company currently has an “outperform” rating on the stock. Raymond James’ price target would point to a potential upside of 3.99% from the stock’s previous close.

Several other analysts have also recently published reports on ELF. Cowen downgraded shares of elf Beauty from an “outperforming” rating to a “market performing” rating in a report on Friday, August 12. They noted that the move was a review call. Morgan Stanley raised its price target on elf Beauty from $46.00 to $50.00 and gave the stock an “overweight” rating in a research report on Thursday. JPMorgan Chase & Co. raised its price target on elf Beauty from $45.00 to $48.00 and gave the company an “overweight” rating in a research note on Thursday. Jefferies Financial Group raised its price target on elf Beauty from $39.00 to $46.00 and gave the company a “buy” rating in a Thursday, September 22 research note. Finally, TheStreet upgraded elf Beauty’s shares from a “c+” rating to an “a-” rating in a Wednesday, August 3, research note. Three research analysts gave the stock a hold rating and ten gave the company a buy rating. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $47.30.

Elf beauty stock up 15.4%

NYSE: ELF traded at $6.42 during Thursday trading hours, hitting $48.08. The company’s stock had a trading volume of 153,431 shares, compared to an average volume of 639,898. elf Beauty has a one-year low of $20.49 and a one-year high of $44.23. The company’s 50-day moving average is $39.62 and its 200-day moving average is $32.64. The company has a debt ratio of 0.27, a current ratio of 3.51 and a quick ratio of 2.37. The company has a market capitalization of $2.52 billion, a price-earnings ratio of 90.72 and a beta of 1.52.

elf Beauty (NYSE:ELF – Get Rating) last reported results on Wednesday, August 3. The company reported earnings per share of $0.30 for the quarter, beating the consensus estimate of $0.16 by $0.14. elf Beauty had a return on equity of 10.95% and a net margin of 6.69%. The company posted revenue of $122.60 million in the quarter, compared to analyst estimates of $109.42 million. Equity research analysts expect elf Beauty to post EPS of 0.66 for the current year.

Insider activity at elf Beauty

Separately, CEO Tarang Amin sold 8,060 shares of the company in a trade dated Monday, August 8. The stock was sold at an average price of $38.04, for a total value of $306,602.40. Following completion of the transaction, the CEO now owns 391,361 shares of the company, valued at approximately $14,887,372.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. In other elf Beauty news, CEO Tarang Amin sold 8,060 shares in a trade on Monday August 8th. The shares were sold at an average price of $38.04, for a total value of $306,602.40. Following the completion of the sale, the CEO now owns 391,361 shares of the company, valued at $14,887,372.44. The sale was disclosed in a filing with the SEC, accessible via this hyperlink. Additionally, SVP Joshua Allen Franks sold 1,957 shares of the company in a trade dated Tuesday, October 18. The shares were sold at an average price of $42.24, for a total transaction of $82,663.68. Following the completion of the sale, the Senior Vice President now directly owns 114,277 shares of the company, valued at $4,827,060.48. The disclosure of this sale can be found here. In the past 90 days, insiders have sold 297,157 shares of the company worth $11,459,920. 8.20% of the shares are currently held by insiders of the company.

Hedge funds weigh in on the beauty of elves

Several large investors have recently changed their ELF holdings. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in elf Beauty by 31.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,195 shares of the company valued at $186,000 after acquiring an additional 1,739 shares during the period. TownSquare Capital LLC increased its equity stake in elf Beauty by 63.1% during the first quarter. TownSquare Capital LLC now owns 26,292 shares of the company worth $679,000 after purchasing an additional 10,171 shares during the period. Summit Global Investments bought a new position in elf Beauty during Q1 worth $424,000. Wakefield Asset Management LLLP acquired a new position in elf Beauty in the first quarter worth approximately $810,000. Finally, abrdn plc increased its stake in elf Beauty by 0.9% in the 1st quarter. abrdn plc now owns 1,406,978 shares in the company valued at $36,314,000 after purchasing an additional 12,408 shares during the period. 94.61% of the shares are held by institutional investors.

Company profile elf Beauty

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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.

See also

Analyst recommendations for elf Beauty (NYSE:ELF)

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