e.l.f. Beauty (NYSE:ELF) PT Raised to $167.00

e.l.f. Beauty (NYSE:ELFFree Report) had its price target raised by Stifel Nicolaus from $141.00 to $167.00 in a research note issued to investors on Wednesday morning, Benzinga reports. The firm currently has a hold rating on the stock.

Several other equities analysts have also recently issued reports on the company. StockNews.com cut e.l.f. Beauty from a hold rating to a sell rating in a report on Wednesday. JPMorgan Chase & Co. increased their target price on e.l.f. Beauty from $130.00 to $175.00 and gave the company an overweight rating in a research note on Thursday, January 18th. Piper Sandler cut their target price on e.l.f. Beauty from $164.00 to $152.00 in a research note on Tuesday, October 10th. Raymond James increased their target price on e.l.f. Beauty from $140.00 to $180.00 and gave the company a strong-buy rating in a research note on Monday, January 22nd. Finally, Robert W. Baird began coverage on e.l.f. Beauty in a research note on Tuesday, January 30th. They issued a neutral rating and a $185.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $162.58.

Get Our Latest Stock Analysis on e.l.f. Beauty

e.l.f. Beauty Price Performance

Shares of ELF stock opened at $174.52 on Wednesday. The stock’s fifty day moving average is $149.76 and its 200-day moving average is $127.31. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.89 and a current ratio of 1.50. The stock has a market capitalization of $9.69 billion, a PE ratio of 77.22, a PEG ratio of 2.40 and a beta of 1.54. e.l.f. Beauty has a 52 week low of $67.59 and a 52 week high of $175.74.

Insider Transactions at e.l.f. Beauty

In other news, CEO Tarang Amin sold 23,142 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $139.44, for a total transaction of $3,226,920.48. Following the completion of the transaction, the chief executive officer now directly owns 44,263 shares in the company, valued at approximately $6,172,032.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 1,023 shares of e.l.f. Beauty stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $152.50, for a total value of $156,007.50. Following the completion of the transaction, the senior vice president now directly owns 91,003 shares of the company’s stock, valued at approximately $13,877,957.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Tarang Amin sold 23,142 shares of e.l.f. Beauty stock in a transaction on Friday, January 5th. The shares were sold at an average price of $139.44, for a total value of $3,226,920.48. Following the completion of the transaction, the chief executive officer now directly owns 44,263 shares of the company’s stock, valued at $6,172,032.72. The disclosure for this sale can be found here. In the last three months, insiders sold 69,092 shares of company stock worth $10,082,191. 5.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On e.l.f. Beauty

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Holdings Inc. raised its holdings in shares of e.l.f. Beauty by 7.6% during the 1st quarter. Advisor Group Holdings Inc. now owns 6,765 shares of the company’s stock worth $174,000 after buying an additional 476 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of e.l.f. Beauty by 1.1% during the 1st quarter. Bank of New York Mellon Corp now owns 428,775 shares of the company’s stock worth $11,076,000 after buying an additional 4,476 shares in the last quarter. Citigroup Inc. increased its holdings in shares of e.l.f. Beauty by 12.4% during the first quarter. Citigroup Inc. now owns 41,711 shares of the company’s stock worth $1,077,000 after buying an additional 4,617 shares in the last quarter. AlphaCrest Capital Management LLC bought a new position in shares of e.l.f. Beauty in the 1st quarter valued at $342,000. Finally, MetLife Investment Management LLC boosted its holdings in shares of e.l.f. Beauty by 53.3% during the 1st quarter. MetLife Investment Management LLC now owns 26,424 shares of the company’s stock valued at $683,000 after acquiring an additional 9,189 shares in the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

About e.l.f. Beauty

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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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