e.l.f. Beauty (NYSE:ELF) Price Target Raised to $125.00

e.l.f. Beauty (NYSE:ELF) had its target price hoisted by Morgan Stanley from $103.00 to $125.00 in a research note published on Tuesday,Benzinga reports. They currently have an equal weight rating on the stock.

Other equities analysts also recently issued reports about the company. Canaccord Genuity Group raised their price target on e.l.f. Beauty from $123.00 to $137.00 and gave the stock a “buy” rating in a research note on Thursday, October 22nd. JPMorgan Chase & Co. lifted their price objective on e.l.f. Beauty from $130.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, November 5th. Wall Street Zen cut e.l.f. Beauty from a “buy” rating to a “hold” rating in a research report on Sunday, November 8th. Zacks Research upgraded e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 9th. Finally, The Goldman Sachs Group set a $100.00 target price on e.l.f. Beauty in a report on Thursday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $118.88.

e.l.f. Beauty Stock Down 4.2%

Shares of e.l.f. Beauty stock opened at $113.50 on Tuesday. e.l.f. Beauty has a twelve month low of $48.82 and a twelve month high of $123.13. The company has a quick ratio of 1.89, a current ratio of 2.57 and a debt-to-equity ratio of 0.65. The company’s 50 day moving average is $107.15 and its 200 day moving average is $82.69. The company has a market cap of $6.71 billion, a price-to-earnings ratio of 37.02, a price-to-earnings-growth ratio of 2.76 and a beta of 1.61.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, November 4th. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.61. The business had revenue of $520.82 million during the quarter, compared to the consensus estimate of $473.51 million. e.l.f. Beauty had a net margin of 4.47% and a return on equity of 16.40%. The firm’s revenue was up 51.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.68 EPS. Research analysts anticipate that e.l.f. Beauty will post 2.89 EPS for the current year.

Insider Buying and Selling at e.l.f. Beauty

In other news, Director Lauren Levitan sold 1,034 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $93.15, for a total value of $96,317.10. Following the transaction, the director owned 10,516 shares of the company’s stock, valued at $979,565.40. This trade represents a 8.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mandy Fields sold 16,065 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $104.52, for a total transaction of $1,679,113.80. Following the sale, the insider owned 90,896 shares in the company, valued at approximately $9,500,449.92. The trade was a 15.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 91,821 shares of company stock valued at $9,624,513. 3.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ELF. BlackRock Inc. purchased a new stake in shares of e.l.f. Beauty in the second quarter worth about $428,262,000. State Street Corp raised its stake in e.l.f. Beauty by 0.4% during the third quarter. State Street Corp now owns 1,882,394 shares of the company’s stock valued at $190,065,000 after purchasing an additional 7,397 shares in the last quarter. Primecap Management Co. CA bought a new position in e.l.f. Beauty during the second quarter valued at $78,202,000. Prime Capital Management Co Ltd bought a new position in e.l.f. Beauty during the second quarter valued at $44,736,000. Finally, Bank of America Corp DE lifted its position in e.l.f. Beauty by 45.9% during the first quarter. Bank of America Corp DE now owns 418,431 shares of the company’s stock valued at $25,361,000 after purchasing an additional 131,572 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

About e.l.f. Beauty

e.l.f. Beauty, Inc. is a beauty company that develops, markets and sells cosmetics and skin-care products. Its portfolio includes e.l.f. Cosmetics and e.l.f. SKIN, as well as brands such as Naturium, Well People and Keys Soulcare. Products include makeup, skin-care treatments and related beauty items. Founded in 2004, the company sells through its own websites and retail partners, including mass-market and specialty beauty stores. Its products are available in the United States and international markets.