e.l.f. Beauty (NYSE:ELF) Trading 7.1% Higher – Time to Buy?

e.l.f. Beauty, Inc. (NYSE:ELF) traded up 7.1% during trading on Friday . The company traded as high as $76.15 and last traded at $76.19. 1,200,614 shares changed hands during trading, a decline of 63% from the average session volume of 3,226,914 shares. The stock had previously closed at $71.11.

Analyst Ratings Changes

A number of research analysts have commented on the stock. UBS Group reissued a “neutral” rating and set a $74.00 target price (down previously from $158.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Stifel Nicolaus cut their target price on shares of e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a research report on Monday, February 3rd. Piper Sandler cut their target price on shares of e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Jefferies Financial Group cut their target price on shares of e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Finally, Canaccord Genuity Group cut their price objective on shares of e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $132.94.

e.l.f. Beauty Stock Up 5.1 %

The business’s 50 day moving average is $110.17 and its 200 day moving average is $121.04. The company has a market capitalization of $4.22 billion, a price-to-earnings ratio of 44.23, a PEG ratio of 6.76 and a beta of 1.47. 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 (NYSE:ELF) last released its earnings results on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. Sell-side analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

Insider Buying and Selling

In other e.l.f. Beauty news, CEO Tarang Amin sold 890 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $122,464.00. Following the completion of the sale, the chief executive officer now directly owns 99,699 shares in the company, valued at approximately $13,718,582.40. The trade was a 0.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Scott Milsten sold 530 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $72,928.00. Following the sale, the insider now owns 68,853 shares of the company’s stock, valued at approximately $9,474,172.80. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,205 shares of company stock worth $297,442 in the last three months. Corporate insiders own 3.50% of the company’s stock.

Institutional Trading of e.l.f. Beauty

Several institutional investors and hedge funds have recently bought and sold shares of the business. Baillie Gifford & Co. lifted its stake in e.l.f. Beauty by 51.0% during the 4th quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company’s stock valued at $1,005,584,000 after acquiring an additional 2,703,742 shares during the period. Vanguard Group Inc. lifted its stake in e.l.f. Beauty by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 5,497,208 shares of the company’s stock valued at $690,174,000 after acquiring an additional 68,103 shares during the period. William Blair Investment Management LLC lifted its stake in shares of 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 valued at $289,437,000 after purchasing an additional 669,321 shares during the period. Champlain Investment Partners LLC lifted its stake in shares of e.l.f. Beauty by 99.7% in the 4th quarter. Champlain Investment Partners LLC now owns 2,226,451 shares of the company’s stock valued at $279,531,000 after purchasing an additional 1,111,550 shares during the period. Finally, Clearbridge Investments LLC lifted its stake in shares of 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 valued at $222,541,000 after purchasing an additional 264,296 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

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.