e.l.f. Beauty (NYSE:ELF) Stock Price Up 5.4% – Here’s What Happened

e.l.f. Beauty, Inc. (NYSE:ELF) shares traded up 5.4% on Friday . The company traded as high as $138.66 and last traded at $138.55. 884,647 shares traded hands during trading, a decline of 55% from the average session volume of 1,958,104 shares. The stock had previously closed at $131.51.

Analysts Set New Price Targets

A number of research firms have weighed in on ELF. Canaccord Genuity Group decreased their target price on shares of e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Jefferies Financial Group reduced their price objective on 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. JPMorgan Chase & Co. dropped their target price on e.l.f. Beauty from $167.00 to $154.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. B. Riley reduced their price target on e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Finally, The Goldman Sachs Group began coverage on shares of e.l.f. Beauty in a report on Friday. They issued a “buy” rating and a $165.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and a consensus price target of $170.65.

e.l.f. Beauty Trading Up 5.6 %

The company has a market cap of $7.82 billion, a price-to-earnings ratio of 72.38, a PEG ratio of 3.03 and a beta of 1.49. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22. The business’s fifty day simple moving average is $118.27 and its two-hundred day simple moving average is $149.58.

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

Insider Transactions at e.l.f. Beauty

In related news, Director Maureen C. Watson sold 785 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $130.00, for a total transaction of $102,050.00. Following the completion of the sale, the director now directly owns 1,888 shares of the company’s stock, valued at $245,440. This trade represents a 29.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Scott Milsten sold 530 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $72,928.00. Following the transaction, the insider now owns 68,853 shares in the company, valued at approximately $9,474,172.80. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,205 shares of company stock worth $297,442. Company insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management increased its position in shares of e.l.f. Beauty by 3.2% in the second quarter. Picton Mahoney Asset Management now owns 2,430 shares of the company’s stock valued at $512,000 after buying an additional 75 shares in the last quarter. Hanseatic Management Services Inc. increased its holdings in e.l.f. Beauty by 1.7% during the 2nd quarter. Hanseatic Management Services Inc. now owns 4,507 shares of the company’s stock valued at $950,000 after acquiring an additional 77 shares in the last quarter. Portside Wealth Group LLC increased its holdings in e.l.f. Beauty by 3.2% during the 2nd quarter. Portside Wealth Group LLC now owns 2,982 shares of the company’s stock valued at $628,000 after acquiring an additional 93 shares in the last quarter. Evergreen Capital Management LLC raised its position in e.l.f. Beauty by 2.1% during the second quarter. Evergreen Capital Management LLC now owns 4,777 shares of the company’s stock worth $1,007,000 after acquiring an additional 99 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of e.l.f. Beauty in the second quarter valued at approximately $26,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

About e.l.f. Beauty

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.