e.l.f. Beauty (NYSE:ELF) Stock Price Up 6% – Here’s What Happened

e.l.f. Beauty, Inc. (NYSE:ELF) shares traded up 6% on Monday . The stock traded as high as $116.55 and last traded at $116.33. 1,616,295 shares were traded during trading, a decline of 10% from the average session volume of 1,793,100 shares. The stock had previously closed at $109.72.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased their price target on shares of e.l.f. Beauty from $207.00 to $167.00 and set an “overweight” rating for the company in a research note on Friday. Baird R W raised shares of e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 18th. Robert W. Baird raised their price target on shares of e.l.f. Beauty from $230.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Stifel Nicolaus raised their target price on shares of e.l.f. Beauty from $151.00 to $161.00 and gave the company a “hold” rating in a research note on Monday, July 22nd. Finally, Bank of America lowered their target price on shares of e.l.f. Beauty from $230.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and an average price target of $198.71.

e.l.f. Beauty Stock Performance

The stock’s 50-day moving average price is $133.52 and its 200-day moving average price is $164.34. The company has a market cap of $6.46 billion, a P/E ratio of 49.42, a PEG ratio of 2.19 and a beta of 1.43. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.77 and a quick ratio of 1.10.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Thursday, August 8th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.20. The company had revenue of $324.48 million during the quarter, compared to analysts’ expectations of $303.60 million. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. Equities analysts anticipate that e.l.f. Beauty, Inc. will post 2.88 EPS for the current year.

Insider Activity

In other news, CEO Tarang Amin sold 548 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $175.00, for a total value of $95,900.00. Following the completion of the sale, the chief executive officer now owns 214,507 shares of the company’s stock, valued at approximately $37,538,725. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On e.l.f. Beauty

Several institutional investors and hedge funds have recently bought and sold shares of ELF. Ashton Thomas Private Wealth LLC bought a new stake in e.l.f. Beauty during the second quarter worth about $26,000. Matrix Trust Co bought a new stake in e.l.f. Beauty during the second quarter worth about $27,000. Innealta Capital LLC bought a new stake in e.l.f. Beauty during the second quarter worth about $30,000. Harbor Investment Advisory LLC bought a new stake in e.l.f. Beauty during the first quarter worth about $31,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in e.l.f. Beauty by 405.9% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock worth $36,000 after purchasing an additional 138 shares during the period. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Company Profile

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.