e.l.f. Beauty (NYSE:ELF) Price Target Raised to $130.00 at Truist Financial

e.l.f. Beauty (NYSE:ELF) had its price objective increased by Truist Financial from $125.00 to $130.00 in a research note published on Friday morning,Benzinga reports. Truist Financial currently has a buy rating on the stock.

Several other analysts have also recently commented on ELF. DA Davidson lowered their target price on shares of e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Bank of America lifted their target price on shares of e.l.f. Beauty from $80.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, May 21st. Raymond James lifted their target price on shares of e.l.f. Beauty from $95.00 to $105.00 and gave the stock a “strong-buy” rating in a research note on Thursday, May 29th. JPMorgan Chase & Co. lifted their price target on shares of e.l.f. Beauty from $70.00 to $123.00 and gave the company an “overweight” rating in a report on Friday, May 30th. Finally, Morgan Stanley lifted their price target on shares of e.l.f. Beauty from $70.00 to $105.00 and gave the company an “equal weight” rating in a report on Thursday, May 29th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, e.l.f. Beauty has an average rating of “Moderate Buy” and an average price target of $120.71.

e.l.f. Beauty Stock Up 1.8%

ELF stock opened at $117.83 on Friday. The stock has a market capitalization of $6.65 billion, a P/E ratio of 69.72, a PEG ratio of 6.76 and a beta of 1.31. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. e.l.f. Beauty has a one year low of $49.40 and a one year high of $219.77. The company has a 50 day moving average price of $72.37 and a two-hundred day moving average price of $91.65.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, May 28th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.72 by $0.06. The firm had revenue of $332.65 million during the quarter, compared to analysts’ expectations of $327.45 million. e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. e.l.f. Beauty’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.53 EPS. As a group, sell-side analysts expect that e.l.f. Beauty will post 2.38 EPS for the current year.

Insider Activity at e.l.f. Beauty

In related news, Director Maureen C. Watson sold 3,875 shares of e.l.f. Beauty stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $115.00, for a total transaction of $445,625.00. Following the transaction, the director now owns 1,888 shares in the company, valued at approximately $217,120. The trade was a 67.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lauren Cooks Levitan sold 4,670 shares of e.l.f. Beauty stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $115.94, for a total transaction of $541,439.80. Following the transaction, the director now owns 12,697 shares in the company, valued at $1,472,090.18. The trade was a 26.89% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 309,375 shares of company stock worth $23,170,147. 3.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On e.l.f. Beauty

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Baillie Gifford & Co. lifted its holdings in e.l.f. Beauty by 51.0% in the 4th quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company’s stock worth $1,005,584,000 after buying an additional 2,703,742 shares in the last quarter. Vanguard Group Inc. lifted its holdings in e.l.f. Beauty by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 5,497,208 shares of the company’s stock worth $690,174,000 after buying an additional 68,103 shares in the last quarter. Champlain Investment Partners LLC lifted its holdings in e.l.f. Beauty by 19.7% in the 1st quarter. Champlain Investment Partners LLC now owns 2,665,026 shares of the company’s stock worth $167,337,000 after buying an additional 438,575 shares in the last quarter. William Blair Investment Management LLC lifted its holdings in e.l.f. Beauty by 40.9% in the 4th quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company’s stock worth $289,437,000 after buying an additional 669,321 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in e.l.f. Beauty by 17.5% in the 4th quarter. Clearbridge Investments LLC now owns 1,772,528 shares of the company’s stock worth $222,541,000 after buying an additional 264,296 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

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.