e.l.f. Beauty (NYSE:ELF) Given New $230.00 Price Target at UBS Group

e.l.f. Beauty (NYSE:ELF) had its price target decreased by UBS Group from $250.00 to $230.00 in a report released on Friday, Benzinga reports. UBS Group currently has a buy rating on the stock.

ELF has been the subject of a number of other research reports. JPMorgan Chase & Co. lifted their price objective on shares of e.l.f. Beauty from $182.00 to $224.00 and gave the stock an overweight rating in a report on Monday, July 22nd. Raymond James reaffirmed a strong-buy rating and issued a $235.00 price target on shares of e.l.f. Beauty in a report on Monday, July 22nd. Baird R W upgraded shares of e.l.f. Beauty from a hold rating to a strong-buy rating in a research note on Thursday, July 18th. Bank of America lifted their target price on e.l.f. Beauty from $220.00 to $230.00 and gave the company a buy rating in a research note on Wednesday, July 10th. Finally, Stifel Nicolaus increased their price target on e.l.f. Beauty from $151.00 to $161.00 and gave the stock a hold rating in a research report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $216.43.

e.l.f. Beauty Stock Performance

Shares of ELF stock opened at $143.62 on Friday. The stock has a market capitalization of $8.03 billion, a price-to-earnings ratio of 64.69, a PEG ratio of 3.66 and a beta of 1.46. e.l.f. Beauty has a one year low of $88.47 and a one year high of $221.83. The company’s 50-day simple moving average is $189.68 and its 200-day simple moving average is $182.54. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.95 and a current ratio of 1.60.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Wednesday, May 22nd. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.16. The firm had revenue of $321.14 million for the quarter, compared to analysts’ expectations of $292.47 million. e.l.f. Beauty had a return on equity of 26.64% and a net margin of 12.47%. Equities analysts anticipate that e.l.f. Beauty will post 2.84 earnings per share for the current fiscal year.

Insider Buying and Selling at e.l.f. Beauty

In other news, CEO Tarang Amin sold 42,953 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $184.96, for a total value of $7,944,586.88. Following the completion of the transaction, the chief executive officer now owns 258,667 shares of the company’s stock, valued at $47,843,048.32. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other e.l.f. Beauty news, Director Richard G. Wolford sold 11,072 shares of the firm’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $181.13, for a total transaction of $2,005,471.36. Following the transaction, the director now owns 12,741 shares of the company’s stock, valued at approximately $2,307,777.33. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Tarang Amin sold 42,953 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $184.96, for a total transaction of $7,944,586.88. Following the completion of the sale, the chief executive officer now directly owns 258,667 shares of the company’s stock, valued at $47,843,048.32. The disclosure for this sale can be found here. Insiders have sold 97,390 shares of company stock valued at $18,264,873 in the last quarter. Corporate insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC acquired a new stake in e.l.f. Beauty in the second quarter worth approximately $26,000. Matrix Trust Co acquired a new stake in shares of e.l.f. Beauty in the second quarter valued at $27,000. Innealta Capital LLC bought a new position in e.l.f. Beauty during the second quarter valued at about $30,000. Harbor Investment Advisory LLC acquired a new position in e.l.f. Beauty during the first quarter worth about $31,000. Finally, Oakworth Capital Inc. acquired a new position in e.l.f. Beauty during the first quarter worth about $33,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

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.