e.l.f. Beauty (NYSE:ELF) Trading Up 8.3% – Should You Buy?

Shares of e.l.f. Beauty (NYSE:ELF) were up 8.3% on Tuesday . The company traded as high as $69.23 and last traded at $69.2750. Approximately 683,797 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 2,786,857 shares. The stock had previously closed at $63.99.

Analyst Ratings Changes

A number of research analysts have weighed in on ELF shares. Robert W. Baird decreased their price objective on e.l.f. Beauty from $115.00 to $90.00 and set an “outperform” rating on the stock in a report on Tuesday, April 28th. UBS Group set a $80.00 price target on e.l.f. Beauty in a report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $64.00 price target on shares of e.l.f. Beauty in a report on Tuesday. Raymond James Financial reiterated a “strong-buy” rating and set a $85.00 price target on shares of e.l.f. Beauty in a report on Thursday, May 21st. Finally, Citigroup reduced their price target on e.l.f. Beauty from $115.00 to $87.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $78.31.

e.l.f. Beauty Stock Performance

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 firm has a fifty day moving average price of $59.50 and a 200 day moving average price of $72.81. The firm has a market cap of $4.04 billion, a PE ratio of 147.83, a price-to-earnings-growth ratio of 2.51 and a beta of 1.64.

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

Insider Activity

In related news, insider Scott Milsten sold 4,162 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $51.53, for a total transaction of $214,467.86. Following the completion of the sale, the insider directly owned 144,581 shares of the company’s stock, valued at approximately $7,450,258.93. This trade represents a 2.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mandy J. Fields sold 4,327 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $51.53, for a total value of $222,970.31. Following the sale, the insider directly owned 106,961 shares of the company’s stock, valued at $5,511,700.33. The trade was a 3.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 256,347 shares of company stock worth $15,713,592. 3.90% of the stock is currently owned by corporate insiders.

Institutional Trading of e.l.f. Beauty

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cim Investment Management Inc. acquired a new stake in shares of e.l.f. Beauty during the 1st quarter worth about $366,000. Bank of America Corp DE grew its position in 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 acquiring an additional 131,572 shares in the last quarter. Edgestream Partners L.P. grew its position in 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 acquiring an additional 1,621 shares in the last quarter. Centaurus Financial Inc. acquired a new position in e.l.f. Beauty in the 1st quarter valued at about $315,000. Finally, Amundi acquired a new position in e.l.f. Beauty in the 1st quarter valued at about $333,000. 92.44% of the stock is owned by institutional investors and hedge funds.

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.