e.l.f. Magnificence (NYSE:ELF) Sees Sturdy Buying and selling Quantity on Analyst Improve

e.l.f. Magnificence, Inc. (NYSE:ELFGet Ranking) shares noticed an uptick in buying and selling quantity on Thursday after Raymond James raised their worth goal on the inventory from $27.00 to $38.00. Raymond James presently has an outperform ranking on the inventory. 89,220 shares have been traded throughout buying and selling, a decline of 84% from the earlier session’s quantity of 543,038 shares.The inventory final traded at $36.54 and had beforehand closed at $33.87.

A number of different analysts additionally just lately commented on ELF. DA Davidson lifted their goal worth on shares of e.l.f. Magnificence from $42.00 to $44.00 and gave the inventory a “purchase” ranking in a report on Thursday. Morgan Stanley lifted their goal worth on shares of e.l.f. Magnificence from $39.00 to $42.00 and gave the inventory an “chubby” ranking in a report on Thursday. William Blair reaffirmed an “outperform” ranking on shares of e.l.f. Magnificence in a report on Thursday, Could twenty sixth. JPMorgan Chase & Co. lifted their goal worth on shares of e.l.f. Magnificence from $30.00 to $35.00 in a report on Thursday, July twenty first. Lastly, Piper Sandler decreased their goal worth on shares of e.l.f. Magnificence from $29.00 to $24.00 in a report on Thursday, Could twenty sixth. Two analysts have rated the inventory with a maintain ranking and 6 have issued a purchase ranking to the corporate’s inventory. In line with MarketBeat.com, the corporate has a median ranking of “Reasonable Purchase” and a median worth goal of $37.00.

Insiders Place Their Bets

In different e.l.f. Magnificence information, SVP Joshua Allen Franks bought 6,823 shares of e.l.f. Magnificence inventory in a transaction dated Friday, June third. The shares have been bought at a median worth of $26.48, for a complete worth of $180,673.04. Following the completion of the sale, the senior vice chairman now owns 126,749 shares within the firm, valued at roughly $3,356,313.52. The sale was disclosed in a submitting with the Securities & Change Fee, which is obtainable by means of the SEC web site. In different e.l.f. Magnificence information, SVP Joshua Allen Franks bought 6,823 shares of the agency’s inventory in a transaction dated Friday, June third. The shares have been bought at a median worth of $26.48, for a complete worth of $180,673.04. Following the transaction, the senior vice chairman now instantly owns 126,749 shares of the corporate’s inventory, valued at roughly $3,356,313.52. The transaction was disclosed in a authorized submitting with the SEC, which is obtainable by means of this hyperlink. Additionally, CEO Tarang Amin bought 42,561 shares of the agency’s inventory in a transaction dated Wednesday, June 1st. The shares have been bought at a median worth of $26.16, for a complete transaction of $1,113,395.76. Following the completion of the transaction, the chief government officer now instantly owns 419,655 shares within the firm, valued at $10,978,174.80. The disclosure for this sale will be discovered right here. Insiders bought 300,480 shares of firm inventory price $8,529,868 within the final quarter. 8.20% of the inventory is presently owned by company insiders.

Institutional Traders Weigh In On e.l.f. Magnificence

Plenty of hedge funds have just lately made adjustments to their positions within the inventory. Royce & Associates LP boosted its stake in shares of e.l.f. Magnificence by 30.5% within the 2nd quarter. Royce & Associates LP now owns 39,800 shares of the corporate’s inventory valued at $1,221,000 after buying a further 9,300 shares within the final quarter. Envestnet Asset Administration Inc. boosted its stake in shares of e.l.f. Magnificence by 3.9% within the 2nd quarter. Envestnet Asset Administration Inc. now owns 66,927 shares of the corporate’s inventory valued at $2,053,000 after buying a further 2,518 shares within the final quarter. AE Wealth Administration LLC acquired a brand new stake in shares of e.l.f. Magnificence within the 2nd quarter valued at roughly $523,000. Mount Yale Funding Advisors LLC boosted its stake in shares of e.l.f. Magnificence by 8.9% within the 2nd quarter. Mount Yale Funding Advisors LLC now owns 10,157 shares of the corporate’s inventory valued at $312,000 after buying a further 830 shares within the final quarter. Lastly, Congress Asset Administration Co. MA boosted its stake in shares of e.l.f. Magnificence by 7.5% within the 2nd quarter. Congress Asset Administration Co. MA now owns 721,549 shares of the corporate’s inventory valued at $22,137,000 after buying a further 50,199 shares within the final quarter. 90.95% of the inventory is presently owned by institutional traders and hedge funds.

e.l.f. Magnificence Buying and selling Up 6.8 %

The enterprise’s 50 day transferring common worth is $29.70 and its two-hundred day transferring common worth is $26.92. The corporate has a present ratio of two.97, a fast ratio of 1.67 and a debt-to-equity ratio of 0.29. The corporate has a market capitalization of $1.90 billion, a price-to-earnings ratio of 88.25 and a beta of 1.67.

e.l.f. Magnificence (NYSE:ELFGet Ranking) final issued its quarterly earnings information on Wednesday, Could twenty fifth. The corporate reported $0.06 earnings per share (EPS) for the quarter. e.l.f. Magnificence had a web margin of 5.55% and a return on fairness of 9.70%. The enterprise had income of $105.14 million in the course of the quarter, in comparison with analyst estimates of $91.22 million. Throughout the identical quarter final 12 months, the enterprise earned $0.10 EPS. The agency’s quarterly income was up 13.4% on a year-over-year foundation. On common, equities analysts predict that e.l.f. Magnificence, Inc. will put up 0.55 earnings per share for the present fiscal 12 months.

e.l.f. Magnificence Firm Profile

(Get Ranking)

e.l.f. Magnificence, Inc, along with its subsidiaries, supplies beauty and skincare merchandise below the e.l.f. Cosmetics, e.l.f. Pores and skin, Properly Folks, and Keys Soulcare model names worldwide. The corporate affords eye, lip, face, face, paw, and skincare merchandise. It sells its merchandise by means of nationwide and worldwide retailers and direct-to-consumer channels, which embrace e-commerce platforms in the USA, and internationally primarily by means of distributors.

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