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

e.l.f. Beauty (NYSE:ELF) had its price objective lifted by analysts at UBS Group from $156.00 to $158.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s target price points to a potential upside of 17.77% from the company’s previous close.

ELF has been the subject of several other research reports. Truist Financial upped their price target on e.l.f. Beauty from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. DA Davidson reaffirmed a “buy” rating and set a $170.00 target price on shares of e.l.f. Beauty in a research report on Thursday, December 19th. Stifel Nicolaus dropped their price target on shares of e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating on the stock in a research report on Thursday, November 7th. B. Riley decreased their price objective on shares of e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Finally, The Goldman Sachs Group started coverage on shares of e.l.f. Beauty in a research note on Friday, December 13th. They issued a “buy” rating and a $165.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, e.l.f. Beauty has a consensus rating of “Moderate Buy” and a consensus price target of $169.06.

e.l.f. Beauty Stock Up 4.5 %

ELF traded up $5.75 during midday trading on Thursday, hitting $134.16. 952,031 shares of the company’s stock traded hands, compared to its average volume of 1,323,485. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. The company has a market cap of $7.56 billion, a PE ratio of 72.52, a price-to-earnings-growth ratio of 2.17 and a beta of 1.50. The stock’s fifty day simple moving average is $128.27 and its 200-day simple moving average is $138.03. e.l.f. Beauty has a one year low of $98.50 and a one year high of $221.83.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.34. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The business had revenue of $301.10 million for the quarter, compared to the consensus estimate of $289.43 million. During the same quarter last year, the firm earned $0.66 EPS. e.l.f. Beauty’s revenue for the quarter was up 39.7% on a year-over-year basis. As a group, equities analysts anticipate that e.l.f. Beauty will post 2.8 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Scott Milsten sold 530 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $72,928.00. Following the completion of the transaction, the insider now owns 68,853 shares in the company, valued at $9,474,172.80. This trade represents a 0.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Maureen C. Watson sold 785 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $130.00, for a total value of $102,050.00. Following the completion of the sale, the director now directly owns 1,888 shares in the company, valued at approximately $245,440. This represents a 29.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,205 shares of company stock valued at $297,442 over the last ninety days. 3.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ELF. Wilmington Savings Fund Society FSB acquired a new stake in shares of e.l.f. Beauty during the 3rd quarter worth about $25,000. Planning Capital Management Corp grew its stake in e.l.f. Beauty by 1,855.0% during the third quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock worth $43,000 after buying an additional 371 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of e.l.f. Beauty during the third quarter worth approximately $44,000. Peterson Financial Group Inc. bought a new position in shares of e.l.f. Beauty in the third quarter valued at approximately $45,000. Finally, Blue Trust Inc. boosted its holdings in shares of e.l.f. Beauty by 2,357.1% in the 3rd quarter. Blue Trust Inc. now owns 516 shares of the company’s stock worth $56,000 after acquiring an additional 495 shares in the last quarter. 92.44% of the stock is owned by institutional investors.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.