e.l.f. Beauty (NYSE:ELF) Stock Price Expected to Rise, Truist Financial Analyst Says

e.l.f. Beauty (NYSE:ELF) had its price objective upped by investment analysts at Truist Financial from $130.00 to $150.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price target points to a potential upside of 11.11% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on the stock. DA Davidson restated a “buy” rating and set a $170.00 price objective on shares of e.l.f. Beauty in a research note on Wednesday, December 11th. The Goldman Sachs Group began coverage on shares of e.l.f. Beauty in a research report on Friday, December 13th. They set a “buy” rating and a $165.00 price target on the stock. Morgan Stanley dropped their target price on 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. Bank of America cut their target price on e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Finally, Stifel Nicolaus lowered 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 research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $171.82.

e.l.f. Beauty Stock Performance

Shares of NYSE:ELF traded up $0.11 during trading hours on Wednesday, hitting $135.00. The stock had a trading volume of 140,244 shares, compared to its average volume of 1,949,775. The stock’s fifty day simple moving average is $120.36 and its 200 day simple moving average is $148.02. The firm has a market capitalization of $7.60 billion, a price-to-earnings ratio of 72.97, a PEG ratio of 3.03 and a beta of 1.49. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78. e.l.f. Beauty has a 1-year low of $98.50 and a 1-year high of $221.83.

e.l.f. Beauty (NYSE:ELF) last posted 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. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The firm had revenue of $301.10 million for the quarter, compared to analysts’ expectations of $289.43 million. During the same period last year, the firm earned $0.66 EPS. The firm’s revenue was up 39.7% compared to the same quarter last year. Sell-side analysts anticipate that e.l.f. Beauty will post 2.8 earnings per share for the current fiscal year.

Insider Transactions at e.l.f. Beauty

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

Institutional Trading of e.l.f. Beauty

Institutional investors have recently added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC acquired a new position in shares of e.l.f. Beauty during the 2nd quarter worth $26,000. Innealta Capital LLC acquired a new position in e.l.f. Beauty during the second quarter worth $30,000. Whittier Trust Co. of Nevada Inc. increased its position in e.l.f. Beauty by 405.9% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock worth $36,000 after buying an additional 138 shares during the last quarter. Crewe Advisors LLC raised its holdings in e.l.f. Beauty by 456.3% during the second quarter. Crewe Advisors LLC now owns 178 shares of the company’s stock valued at $38,000 after buying an additional 146 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of e.l.f. Beauty during the 3rd quarter worth about $25,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

About e.l.f. Beauty

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.