e.l.f. Beauty (NYSE:ELF) Trading 4.5% Higher – Here’s What Happened

e.l.f. Beauty (NYSE:ELF) shares shot up 4.5% on Monday . The stock traded as high as $108.33 and last traded at $108.8250. 309,630 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 2,759,291 shares. The stock had previously closed at $104.10.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Weiss Ratings raised shares of e.l.f. Beauty from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 30th. Raymond James Financial upped their target price on e.l.f. Beauty from $85.00 to $87.00 and gave the stock a “strong-buy” rating in a report on Tuesday, July 14th. JPMorgan Chase & Co. dropped their target price on e.l.f. Beauty from $111.00 to $106.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 19th. Bank of America cut their price target on e.l.f. Beauty from $93.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Finally, Zacks Research raised e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $92.12.

e.l.f. Beauty Stock Up 4.6%

The firm has a market capitalization of $6.42 billion, a P/E ratio of 108.84, a PEG ratio of 3.24 and a beta of 1.58. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.82 and a current ratio of 2.55. The business’s fifty day moving average price is $83.63 and its two-hundred day moving average price is $72.98.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.75 EPS for the quarter, topping the consensus estimate of $0.71 by $1.04. e.l.f. Beauty had a net margin of 3.38% and a return on equity of 14.07%. The firm had revenue of $479.37 million during the quarter, compared to analyst estimates of $431.20 million. During the same quarter in the previous year, the business posted $0.89 EPS. e.l.f. Beauty’s revenue was up 35.5% on a year-over-year basis. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. Equities analysts expect that e.l.f. Beauty will post 2.64 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Joshua Allen Franks sold 6,854 shares of the firm’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $51.94, for a total value of $355,996.76. Following the completion of the sale, the senior vice president owned 153,532 shares of the company’s stock, valued at $7,974,452.08. This trade represents a 4.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kory Marchisotto sold 12,173 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $88.02, for a total value of $1,071,467.46. Following the transaction, the insider owned 169,695 shares in the company, valued at approximately $14,936,553.90. This trade represents a 6.69% 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 140,780 shares of company stock valued at $10,091,078. 3.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On e.l.f. Beauty

Large investors have recently modified their holdings of the business. Royal Bank of Canada increased its holdings in shares of e.l.f. Beauty by 9.9% during the first quarter. Royal Bank of Canada now owns 153,682 shares of the company’s stock valued at $9,650,000 after acquiring an additional 13,851 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in e.l.f. Beauty by 168.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 6,483 shares of the company’s stock worth $407,000 after purchasing an additional 4,069 shares in the last quarter. NewEdge Advisors LLC grew its position in e.l.f. Beauty by 176.4% during the 1st quarter. NewEdge Advisors LLC now owns 4,677 shares of the company’s stock worth $294,000 after purchasing an additional 2,985 shares during the last quarter. United Services Automobile Association purchased a new stake in e.l.f. Beauty during the 1st quarter worth approximately $240,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in e.l.f. Beauty by 58.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock valued at $39,000 after purchasing an additional 117 shares in the last quarter. 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.