e.l.f. Beauty (NYSE:ELF) PT Raised to $46.00 at Morgan Stanley

e.l.f. Beauty (NYSE:ELFGet Rating) had its target price raised by Morgan Stanley from $42.00 to $46.00 in a research report issued to clients and investors on Wednesday, The Fly reports. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s price objective indicates a potential upside of 16.72% from the company’s previous close.

ELF has been the topic of a number of other reports. Cowen cut shares of e.l.f. Beauty from an “outperform” rating to a “market perform” rating and set a $36.00 price target on the stock. in a research report on Friday, August 12th. Piper Sandler reduced their price objective on e.l.f. Beauty from $29.00 to $24.00 in a research report on Thursday, May 26th. DA Davidson boosted their target price on e.l.f. Beauty from $42.00 to $44.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. Cowen cut e.l.f. Beauty from an “outperform” rating to a “market perform” rating in a report on Friday, August 12th. They noted that the move was a valuation call. Finally, William Blair reaffirmed an “outperform” rating on shares of e.l.f. Beauty in a report on Thursday, May 26th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $40.30.

e.l.f. Beauty Stock Performance

NYSE ELF opened at $39.41 on Wednesday. The company has a market cap of $2.07 billion, a P/E ratio of 74.36 and a beta of 1.59. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.51 and a quick ratio of 2.37. The stock has a 50-day moving average of $36.74 and a two-hundred day moving average of $29.59. e.l.f. Beauty has a 1-year low of $20.49 and a 1-year high of $41.31.

e.l.f. Beauty (NYSE:ELFGet Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.14. The business had revenue of $122.60 million during the quarter, compared to analysts’ expectations of $109.42 million. e.l.f. Beauty had a return on equity of 10.95% and a net margin of 6.69%. As a group, analysts anticipate that e.l.f. Beauty will post 0.63 EPS for the current year.

Insider Buying and Selling

In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 10,515 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $36.50, for a total transaction of $383,797.50. Following the sale, the senior vice president now directly owns 116,234 shares in the company, valued at approximately $4,242,541. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Joshua Allen Franks sold 10,515 shares of the stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $36.50, for a total value of $383,797.50. Following the transaction, the senior vice president now directly owns 116,234 shares of the company’s stock, valued at $4,242,541. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tarang Amin sold 42,561 shares of the firm’s stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $30.02, for a total transaction of $1,277,681.22. Following the sale, the chief executive officer now owns 415,785 shares of the company’s stock, valued at $12,481,865.70. The disclosure for this sale can be found here. Insiders have sold 542,746 shares of company stock valued at $19,538,088 in the last 90 days. 8.20% of the stock is owned by insiders.

Institutional Trading of e.l.f. Beauty

Hedge funds and other institutional investors have recently modified their holdings of the stock. Covestor Ltd lifted its holdings in shares of e.l.f. Beauty by 8,340.0% during the first quarter. Covestor Ltd now owns 1,266 shares of the company’s stock worth $33,000 after purchasing an additional 1,251 shares during the period. KBC Group NV acquired a new stake in e.l.f. Beauty in the second quarter valued at approximately $120,000. Psagot Value Holdings Ltd. Israel acquired a new stake in e.l.f. Beauty in the fourth quarter valued at approximately $130,000. Brown Advisory Inc. acquired a new stake in e.l.f. Beauty in the second quarter valued at approximately $203,000. Finally, Advisor Group Holdings Inc. boosted its position in shares of e.l.f. Beauty by 7.6% during the first quarter. Advisor Group Holdings Inc. now owns 6,765 shares of the company’s stock valued at $174,000 after buying an additional 476 shares during the last quarter. Institutional investors own 94.61% of the company’s stock.

e.l.f. Beauty Company Profile

(Get Rating)

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.

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