e.l.f. Beauty (NYSE:ELF) Shares Up 8.6%

e.l.f. Beauty Inc (NYSE:ELF)’s share price shot up 8.6% during trading on Monday . The stock traded as high as $18.02 and last traded at $17.85, 1,158,719 shares were traded during trading. An increase of 63% from the average session volume of 712,099 shares. The stock had previously closed at $16.43.

Several equities analysts recently issued reports on the company. TheStreet upgraded e.l.f. Beauty from a “d+” rating to a “c-” rating in a research report on Friday, July 5th. Jefferies Financial Group raised their price target on e.l.f. Beauty from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. DA Davidson raised their price target on e.l.f. Beauty to $19.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. ValuEngine lowered e.l.f. Beauty from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Finally, Piper Jaffray Companies upgraded e.l.f. Beauty from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $8.00 to $16.00 in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $14.45.

The company has a current ratio of 3.07, a quick ratio of 1.96 and a debt-to-equity ratio of 0.67. The firm has a fifty day simple moving average of $16.40 and a two-hundred day simple moving average of $12.34. The firm has a market cap of $885.69 million, a PE ratio of 40.86, a PEG ratio of 22.03 and a beta of 2.39.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.07. e.l.f. Beauty had a positive return on equity of 9.11% and a negative net margin of 0.23%. The business had revenue of $59.80 million during the quarter, compared to analysts’ expectations of $54.93 million. During the same quarter last year, the business posted $0.13 EPS. The business’s revenue was up 1.2% on a year-over-year basis. Equities analysts expect that e.l.f. Beauty Inc will post 0.2 earnings per share for the current fiscal year.

In other news, Director Maureen C. Watson sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $11.98, for a total value of $59,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Tpg Growth Ii Advisors, Inc. sold 3,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $10.75, for a total value of $32,250,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,157,212 shares of company stock valued at $34,759,907. Company insiders own 17.10% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its stake in shares of e.l.f. Beauty by 1.1% in the 4th quarter. Bank of New York Mellon Corp now owns 98,342 shares of the company’s stock valued at $851,000 after acquiring an additional 1,109 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of e.l.f. Beauty by 6.4% in the 4th quarter. Geode Capital Management LLC now owns 224,087 shares of the company’s stock valued at $1,940,000 after acquiring an additional 13,520 shares during the last quarter. Two Sigma Advisers LP bought a new stake in shares of e.l.f. Beauty in the 4th quarter valued at about $376,000. Bank of America Corp DE increased its stake in shares of e.l.f. Beauty by 44.8% in the 4th quarter. Bank of America Corp DE now owns 83,438 shares of the company’s stock valued at $722,000 after acquiring an additional 25,804 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of e.l.f. Beauty by 38.2% in the 1st quarter. Nisa Investment Advisors LLC now owns 25,700 shares of the company’s stock valued at $272,000 after acquiring an additional 7,100 shares during the last quarter. Institutional investors own 82.12% of the company’s stock.

e.l.f. Beauty Company Profile (NYSE:ELF)

e.l.f. Beauty, Inc, a beauty company, provides cosmetic and skin care products under the e.l.f. brand name worldwide. The company offers eye, lip, face, and skin care products, as well as kits and tools. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce and e.l.f.

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