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

e.l.f. Beauty (NYSE:ELF) shares traded up 7.1% on Monday . The company traded as high as $53.10 and last traded at $53.11. 832,013 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 2,710,859 shares. The stock had previously closed at $49.57.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Piper Sandler cut their price objective on shares of e.l.f. Beauty from $60.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, May 21st. JPMorgan Chase & Co. cut their price objective on shares of e.l.f. Beauty from $85.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. B. Riley Financial dropped their target price on shares of e.l.f. Beauty from $130.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft set a $65.00 target price on shares of e.l.f. Beauty in a research report on Thursday, May 14th. Finally, UBS Group set a $80.00 target price on shares of e.l.f. Beauty in a research report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $79.60.

e.l.f. Beauty Stock Up 6.5%

The business has a fifty day simple moving average of $59.48 and a two-hundred day simple moving average of $73.07. The company has a current ratio of 2.35, a quick ratio of 1.69 and a debt-to-equity ratio of 0.72. The company has a market cap of $3.31 billion, a PE ratio of 121.10, a price-to-earnings-growth ratio of 2.15 and a beta of 1.63.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, May 20th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. e.l.f. Beauty had a net margin of 1.61% and a return on equity of 11.02%. The business had revenue of $449.29 million during the quarter, compared to analysts’ expectations of $423.06 million. During the same period in the prior year, the business earned $0.78 earnings per share. The company’s quarterly revenue was up 35.1% compared to the same quarter last year. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. As a group, equities research analysts predict that e.l.f. Beauty will post 2.41 earnings per share for the current year.

Insider Activity at e.l.f. Beauty

In related news, insider Kory Marchisotto sold 23,796 shares of the company’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $63.66, for a total transaction of $1,514,853.36. Following the completion of the sale, the insider owned 152,417 shares of the company’s stock, valued at approximately $9,702,866.22. This represents a 13.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mandy J. Fields sold 8,464 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $51.94, for a total transaction of $439,620.16. Following the sale, the insider directly owned 111,288 shares of the company’s stock, valued at approximately $5,780,298.72. This represents a 7.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 235,649 shares of company stock worth $14,647,024 in the last 90 days. 3.90% of the stock is owned by insiders.

Institutional Trading of e.l.f. Beauty

Several large investors have recently bought and sold shares of the business. Cim Investment Management Inc. purchased a new stake in e.l.f. Beauty during the 1st quarter valued at about $366,000. Bank of America Corp DE grew its stake in shares of e.l.f. Beauty by 45.9% in the 1st quarter. Bank of America Corp DE now owns 418,431 shares of the company’s stock valued at $25,361,000 after buying an additional 131,572 shares during the period. Edgestream Partners L.P. grew its stake in shares of e.l.f. Beauty by 9.0% in the 1st quarter. Edgestream Partners L.P. now owns 19,727 shares of the company’s stock valued at $1,196,000 after buying an additional 1,621 shares during the period. Centaurus Financial Inc. purchased a new stake in shares of e.l.f. Beauty in the 1st quarter valued at approximately $315,000. Finally, Amundi purchased a new stake in shares of e.l.f. Beauty in the 1st quarter valued at approximately $333,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Company Profile

e.l.f. Beauty (NYSE: ELF) is an American cosmetics company known for offering an extensive range of affordable, trend-driven makeup and skincare products. The company’s portfolio spans foundations, lipsticks, mascaras, brushes, serums, masks and other beauty essentials, all positioned at accessible price points. e.l.f. Beauty maintains a direct-to-consumer platform through its e-commerce site and engages in widespread retail partnerships with major chains such as Target, Walmart, Ulta Beauty and Amazon.

Founded in 2004 and headquartered in Oakland, California, e.l.f.