e.l.f. Beauty’s (ELF) “Overweight” Rating Reiterated at Piper Sandler

e.l.f. Beauty (NYSE:ELF)‘s stock had its “overweight” rating reiterated by stock analysts at Piper Sandler in a research report issued on Thursday, Benzinga reports. They presently have a $165.00 target price on the stock, up from their previous target price of $162.00. Piper Sandler’s price objective suggests a potential upside of 40.33% from the company’s previous close.

A number of other research analysts have also recently weighed in on the company. Bank of America lowered their price objective on e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Morgan Stanley lowered their price target on shares of e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating on the stock in a report on Monday, September 30th. JPMorgan Chase & Co. reduced their price objective on shares of e.l.f. Beauty from $207.00 to $167.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Raymond James restated a “strong-buy” rating and set a $235.00 price objective on shares of e.l.f. Beauty in a research report on Monday, July 22nd. Finally, UBS Group dropped their target price on shares of e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating for the company in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have assigned 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 $180.47.

e.l.f. Beauty Stock Performance

ELF stock traded up $13.42 during midday trading on Thursday, reaching $117.58. 3,032,646 shares of the company’s stock traded hands, compared to its average volume of 1,854,147. The company has a current ratio of 1.77, a quick ratio of 1.10 and a debt-to-equity ratio of 0.23. e.l.f. Beauty has a 52-week low of $92.16 and a 52-week high of $221.83. The stock has a market cap of $6.63 billion, a P/E ratio of 56.20, a PEG ratio of 2.16 and a beta of 1.44. The stock’s 50-day moving average is $113.74 and its 200 day moving average is $156.46.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Thursday, August 8th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.20. e.l.f. Beauty had a return on equity of 23.30% and a net margin of 10.80%. The company had revenue of $324.48 million for the quarter, compared to analysts’ expectations of $303.60 million. As a group, analysts anticipate that e.l.f. Beauty will post 2.88 EPS for the current year.

Insider Buying and Selling

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,528 shares of e.l.f. Beauty stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $136.45, for a total value of $3,210,395.60. Following the sale, the chief executive officer now owns 106,016 shares of the company’s stock, valued at $14,465,883.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.50% of the stock is owned by company insiders.

Institutional Trading of e.l.f. Beauty

Hedge funds have recently made changes to their positions in the business. Swiss National Bank boosted its holdings in shares of e.l.f. Beauty by 0.8% in the 3rd quarter. Swiss National Bank now owns 110,100 shares of the company’s stock worth $12,004,000 after purchasing an additional 900 shares during the period. Thrivent Financial for Lutherans boosted its stake in e.l.f. Beauty by 223.2% during the third quarter. Thrivent Financial for Lutherans now owns 555,287 shares of the company’s stock worth $60,543,000 after buying an additional 383,478 shares during the period. RiverPark Advisors LLC bought a new position in e.l.f. Beauty during the third quarter valued at $103,000. Peterson Financial Group Inc. bought a new position in e.l.f. Beauty during the third quarter valued at $45,000. Finally, Coastline Trust Co raised its stake in shares of e.l.f. Beauty by 97.4% in the third quarter. Coastline Trust Co now owns 7,156 shares of the company’s stock valued at $780,000 after acquiring an additional 3,531 shares during the period. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

e.l.f. Beauty Company Profile

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.