e.l.f. Beauty (NYSE:ELF) Given New $125.00 Price Target at Morgan Stanley

e.l.f. Beauty (NYSE:ELF) had its target price raised by investment analysts at Morgan Stanley from $103.00 to $125.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley‘s price objective indicates a potential upside of 5.05% from the stock’s previous close.

Several other analysts have also recently issued reports on ELF. Robert W. Baird increased their target price on shares of e.l.f. Beauty from $105.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $105.00 price target on shares of e.l.f. Beauty in a report on Wednesday, October 21st. Raymond James Financial reiterated a “strong-buy” rating and issued a $132.00 price objective on shares of e.l.f. Beauty in a research report on Thursday, November 5th. Piper Sandler boosted their target price on e.l.f. Beauty from $100.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, November 5th. Finally, B. Riley Financial restated a “buy” rating and issued a $115.00 target price (up from $100.00) on shares of e.l.f. Beauty in a research note on Wednesday, September 16th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, e.l.f. Beauty has an average rating of “Moderate Buy” and an average price target of $118.88.

e.l.f. Beauty Stock Performance

Shares of e.l.f. Beauty stock traded down $0.36 on Tuesday, reaching $118.99. 281,418 shares of the company traded hands, compared to its average volume of 2,454,603. e.l.f. Beauty has a 52 week low of $48.82 and a 52 week high of $123.13. The company has a 50 day moving average of $106.58 and a 200 day moving average of $82.32. The firm has a market capitalization of $7.02 billion, a PE ratio of 82.03, a PEG ratio of 2.99 and a beta of 1.61. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.55 and a quick ratio of 1.82.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.61. The business had revenue of $520.82 million for the quarter, compared to analysts’ expectations of $473.51 million. e.l.f. Beauty had a return on equity of 16.65% and a net margin of 4.47%. The firm’s quarterly revenue was up 51.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.68 EPS. Equities analysts forecast that e.l.f. Beauty will post 2.72 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Joshua Franks sold 7,926 shares of the stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $110.15, for a total value of $873,048.90. Following the completion of the transaction, the senior vice president owned 119,005 shares of the company’s stock, valued at approximately $13,108,400.75. This represents a 6.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lauren Levitan sold 1,034 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $93.15, for a total value of $96,317.10. Following the transaction, the director directly owned 10,516 shares of the company’s stock, valued at $979,565.40. This represents a 8.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 91,821 shares of company stock valued at $9,624,513 in the last 90 days. 3.50% of the stock is owned by corporate insiders.

Institutional Trading of e.l.f. Beauty

Hedge funds have recently made changes to their positions in the stock. Park Avenue Securities LLC boosted its position in shares of e.l.f. Beauty by 1.4% during the 3rd quarter. Park Avenue Securities LLC now owns 6,327 shares of the company’s stock valued at $639,000 after acquiring an additional 89 shares in the last quarter. Greenwood Capital Associates LLC grew its stake in e.l.f. Beauty by 2.4% during the second quarter. Greenwood Capital Associates LLC now owns 5,436 shares of the company’s stock worth $402,000 after buying an additional 125 shares during the last quarter. SBI Securities Co. Ltd. grew its position in e.l.f. Beauty by 64.5% during the 3rd quarter. SBI Securities Co. Ltd. now owns 334 shares of the company’s stock worth $34,000 after acquiring an additional 131 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in e.l.f. Beauty by 3.3% in the third quarter. Quadrant Capital Group LLC now owns 6,196 shares of the company’s stock worth $670,000 after purchasing an additional 197 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in e.l.f. Beauty by 1.7% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 12,108 shares of the company’s stock worth $734,000 after acquiring an additional 200 shares during the last quarter. 92.44% of the stock is owned by institutional investors.

e.l.f. Beauty Company Profile

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.

Tarang Amin has served as e.l.f.