Analysts Set e.l.f. Beauty (NYSE:ELF) PT at $103.06

Shares of e.l.f. Beauty (NYSE:ELF) have been given an average rating of “Moderate Buy” by the eighteen analysts that are covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $103.0625.

Several brokerages have weighed in on ELF. TD Cowen cut their target price on e.l.f. Beauty from $110.00 to $100.00 and set a “buy” rating on the stock in a research note on Monday, February 9th. Citigroup decreased their price target on e.l.f. Beauty from $115.00 to $87.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Morgan Stanley reissued an “equal weight” rating and set a $67.00 price target (down from $80.00) on shares of e.l.f. Beauty in a report on Friday, May 1st. UBS Group cut their price objective on shares of e.l.f. Beauty from $102.00 to $70.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of e.l.f. Beauty from $105.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, April 17th.

Insider Activity

In other news, insider Mandy J. Fields sold 23,656 shares of the stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $63.66, for a total value of $1,505,940.96. Following the completion of the transaction, the insider directly owned 77,437 shares in the company, valued at $4,929,639.42. This trade represents a 23.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Scott Milsten sold 23,797 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $63.66, for a total transaction of $1,514,917.02. Following the transaction, the insider owned 114,940 shares in the company, valued at $7,317,080.40. This represents a 17.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 210,013 shares of company stock worth $13,315,490 in the last 90 days. 3.90% of the stock is currently owned by corporate insiders.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its position in shares of e.l.f. Beauty by 3,131.7% during the 4th quarter. BNP Paribas Financial Markets now owns 924,902 shares of the company’s stock valued at $70,330,000 after purchasing an additional 896,282 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of e.l.f. Beauty by 47.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,197,319 shares of the company’s stock valued at $167,086,000 after buying an additional 711,540 shares during the period. Swedbank AB lifted its holdings in shares of e.l.f. Beauty by 97.0% in the fourth quarter. Swedbank AB now owns 1,364,801 shares of the company’s stock valued at $103,779,000 after buying an additional 672,071 shares during the period. Armistice Capital LLC boosted its stake in e.l.f. Beauty by 394.9% during the fourth quarter. Armistice Capital LLC now owns 657,983 shares of the company’s stock valued at $50,033,000 after buying an additional 525,018 shares in the last quarter. Finally, Norges Bank bought a new position in e.l.f. Beauty during the fourth quarter valued at about $38,895,000. 92.44% of the stock is owned by institutional investors.

e.l.f. Beauty Stock Performance

ELF opened at $53.75 on Friday. The business’s 50 day moving average is $67.30 and its 200-day moving average is $78.99. The stock has a market cap of $3.17 billion, a PE ratio of 30.37, a price-to-earnings-growth ratio of 3.00 and a beta of 1.71. The company has a current ratio of 2.76, a quick ratio of 1.89 and a debt-to-equity ratio of 0.70. e.l.f. Beauty has a twelve month low of $52.78 and a twelve month high of $150.99.

About e.l.f. Beauty

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.