e.l.f. Beauty (NYSE:ELF) Sets New 1-Year High at $176.93

Shares of e.l.f. Beauty, Inc. (NYSE:ELFGet Free Report) reached a new 52-week high on Monday . The company traded as high as $176.93 and last traded at $176.93, with a volume of 9869 shares changing hands. The stock had previously closed at $169.76.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ELF shares. JPMorgan Chase & Co. increased their price objective on shares of e.l.f. Beauty from $130.00 to $175.00 and gave the company an “overweight” rating in a research report on Thursday, January 18th. Robert W. Baird started coverage on e.l.f. Beauty in a research report on Tuesday, January 30th. They issued a “neutral” rating and a $185.00 price target for the company. Stifel Nicolaus boosted their price objective on e.l.f. Beauty from $119.00 to $141.00 and gave the stock a “hold” rating in a research note on Monday, January 22nd. Raymond James lifted their target price on e.l.f. Beauty from $140.00 to $180.00 and gave the stock a “strong-buy” rating in a report on Monday, January 22nd. Finally, Morgan Stanley downgraded e.l.f. Beauty from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $137.00 to $168.00 in a research report on Monday, January 22nd. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $151.42.

Read Our Latest Analysis on ELF

e.l.f. Beauty Price Performance

The stock’s 50 day moving average price is $144.58 and its 200-day moving average price is $125.35. The company has a quick ratio of 1.89, a current ratio of 2.86 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $9.54 billion, a PE ratio of 79.33, a price-to-earnings-growth ratio of 2.31 and a beta of 1.54.

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

In related news, CEO Tarang Amin sold 29,666 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $150.29, for a total value of $4,458,503.14. Following the completion of the sale, the chief executive officer now owns 252,792 shares in the company, valued at $37,992,109.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Joshua Allen Franks sold 1,023 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $152.50, for a total value of $156,007.50. Following the completion of the sale, the senior vice president now owns 91,003 shares of the company’s stock, valued at approximately $13,877,957.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tarang Amin sold 29,666 shares of the stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $150.29, for a total transaction of $4,458,503.14. Following the transaction, the chief executive officer now owns 252,792 shares in the company, valued at $37,992,109.68. The disclosure for this sale can be found here. Insiders sold a total of 69,092 shares of company stock valued at $10,082,191 in the last three months. Company insiders own 5.20% of the company’s stock.

Institutional Trading of e.l.f. Beauty

Hedge funds have recently bought and sold shares of the stock. ST Germain D J Co. Inc. acquired a new stake in e.l.f. Beauty in the second quarter worth about $26,000. Hollencrest Capital Management purchased a new stake in e.l.f. Beauty during the 2nd quarter worth approximately $27,000. Dark Forest Capital Management LP acquired a new position in e.l.f. Beauty during the 1st quarter valued at approximately $27,000. Point72 Middle East FZE purchased a new position in shares of e.l.f. Beauty in the fourth quarter worth $28,000. Finally, Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of e.l.f. Beauty during the third quarter worth $29,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

About e.l.f. Beauty

(Get Free Report)

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.

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