ELF Beauty, Inc. (NYSE:ELF – Get Free Report) shares rose 6.2% on Tuesday after JPMorgan Chase raised its price target for the company from $182.00 to $224.00. JPMorgan Chase currently rates the stock Overweight. ELF Beauty’s highest trading price was $180.54 and its most recent price was $180.07. Approximately 706,609 shares were traded during trading, down 55% from the average daily trading volume of 1,586,315 shares. The stock’s previous closing price was $169.57.
Other stock analysts have also recently issued research reports on the company. Piper Sandler increased their price target on Elf Beauty from $210.00 to $258.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. DA Davidson reaffirmed their “buy” rating on shares of Elf Beauty with a $220.00 price target in a research note on Monday, June 3rd. Truist Financial increased their price target on shares of Elf Beauty from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. TD Cowen increased their price target on shares of Elf Beauty from $190.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Finally, Stifel Nicolaus boosted their price target on ELF Beauty from $151.00 to $161.00 and rated the stock a “hold” in a report on Monday. One investment analyst has rated the stock as a sell, two have rated it as a hold, eleven have rated it as a buy, and two have rated it as a strong buy. According to MarketBeat data, the company currently has a “moderate buy” consensus rating, with an average price target of $210.00.
See the latest ELF BEAUTY report
Insider trading
In other ELF Beauty news, Senior Vice President Joshua Allen Franks sold 3,370 shares of ELF Beauty stock in a transaction on Monday, July 15th. The shares were sold at an average price of $201.28, for a total transaction value of $678,313.60. As a result of the transaction, the Senior Vice President now owns 71,986 shares of the company’s stock, valued at $14,489,342.08. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. In other news, CEO Taran Amin sold 42,953 shares of ELF Beauty stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $184.96, for a total transaction value of $7,944,586.88. Following the transaction, the CEO now directly owns 258,667 shares of the company’s stock, valued at $47,843,048.32. The transaction was disclosed in a filing with the Securities and Exchange Commission, which can be viewed on the SEC’s website. Additionally, Senior Vice President, Joshua Allen Franks sold 3,370 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $201.28, for a total value of $678,313.60. Following the sale, the Senior Vice President now owns 71,986 shares of the company’s stock, valued at approximately $14,489,342.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 120,361 shares of the company’s stock, valued at $22,019,033. Currently, 5.20% of the stock is owned by insiders.
Institutional investor inflows and outflows
Institutional investors have recently added to or reduced their holdings in the business. Matrix Trust Co acquired a new stake in elf Beauty in the second quarter for $27,000. Harbor Investment Advisory LLC acquired a new stake in elf Beauty in the first quarter for $31,000. Oakworth Capital Inc. acquired a new stake in elf Beauty in the first quarter for approximately $33,000. Armstrong Advisory Group Inc. increased its holdings in elf Beauty by 390.2% in the fourth quarter. Armstrong Advisory Group Inc. now owns 201 shares of the company’s stock, valued at $29,000, after purchasing an additional 160 shares in the last quarter. Finally, Rise Advisors LLC acquired a new stake in elf Beauty in the first quarter for approximately $40,000. 92.44% of the stock is owned by institutional investors.
ELF BEAUTY TRADING up 4.6%
The company has a quick ratio of 0.95, a current ratio of 1.60 and a debt-to-equity ratio of 0.25.The company has a market capitalization of $9.92 billion, a price-to-earnings ratio of 79.91, a price-to-earnings ratio of 3.90 and a beta of 1.46.The company’s 50-day moving average is $190.83 and its 200-day moving average is $181.03.
ELF Beauty (NYSE:ELF – Get free report ) last released its quarterly earnings data on Wednesday, May 22nd. The company reported quarterly EPS of $0.37, beating analysts’ consensus estimates of $0.21 by $0.16. The company’s revenue for the quarter was $321.14 million, beating the consensus estimate of $292.47 million. ELF Beauty’s ROE was 26.64% and net margin was 12.47%. Research analysts expect ELF Beauty to post EPS of $2.83 for the current fiscal year.
Elf Beauty Company Profile
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elf Beauty, Inc., together with its subsidiaries, offers cosmetic and skin care products worldwide under the brand names elf Cosmetics, elf Skin, Well People and Keys Soulcare. The company offers eye, lip, face, foot and skin care products. The company sells its products through domestic and international retail and direct-to-consumer channels, including e-commerce platforms, in the United States and primarily through distributors abroad.
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