By otakuyassine3@gmail.com 
e.l.f. Beauty (NYSE:ELF – Get Free Report) had its price target cut by equities researchers at Stifel Nicolaus from $115.00 to $105.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 11.70% from the company’s previous close.
ELF has been the subject of several other research reports. Piper Sandler boosted their target price on shares of e.l.f. Beauty from $165.00 to $167.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. The Goldman Sachs Group began coverage on shares of e.l.f. Beauty in a research report on Friday, December 13th. They set a “buy” rating and a $165.00 price objective for the company. Jefferies Financial Group lowered their price objective on shares of e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Bank of America lowered their price objective on shares of e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Finally, Robert W. Baird lowered their price objective on shares of e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, e.l.f. Beauty presently has an average rating of “Moderate Buy” and a consensus price target of $168.47.
Get Our Latest Research Report on ELF
e.l.f. Beauty Stock Down 5.9 %
Shares of NYSE:ELF traded down $5.91 during midday trading on Monday, hitting $94.01. 1,530,384 shares of the company’s stock traded hands, compared to its average volume of 1,727,187. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78. The company has a market cap of $5.30 billion, a PE ratio of 51.10, a P/E/G ratio of 1.74 and a beta of 1.47. The firm’s fifty day moving average price is $126.69 and its two-hundred day moving average price is $130.36. e.l.f. Beauty has a twelve month low of $92.20 and a twelve month high of $221.83.
e.l.f. Beauty (NYSE:ELF – Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.34. The firm had revenue of $301.10 million for the quarter, compared to the consensus estimate of $289.43 million. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The firm’s quarterly revenue was up 39.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.66 EPS. On average, equities research analysts anticipate that e.l.f. Beauty will post 2.8 EPS for the current fiscal year.
Insider Activity
In related news, Director Maureen C. Watson sold 785 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $130.00, for a total value of $102,050.00. Following the transaction, the director now directly owns 1,888 shares in the company, valued at approximately $245,440. This trade represents a 29.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Tarang Amin sold 890 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $122,464.00. Following the completion of the transaction, the chief executive officer now owns 99,699 shares in the company, valued at $13,718,582.40. The trade was a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,205 shares of company stock worth $297,442. 3.50% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. grew its position in e.l.f. Beauty by 1,380.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,284 shares of the company’s stock worth $1,775,000 after purchasing an additional 15,184 shares during the last quarter. Ibex Wealth Advisors acquired a new stake in e.l.f. Beauty in the 4th quarter worth $5,519,000. Cetera Investment Advisers grew its position in e.l.f. Beauty by 33.8% in the 2nd quarter. Cetera Investment Advisers now owns 39,319 shares of the company’s stock worth $8,285,000 after purchasing an additional 9,939 shares during the last quarter. Pacer Advisors Inc. grew its position in e.l.f. Beauty by 43.4% in the 4th quarter. Pacer Advisors Inc. now owns 11,802 shares of the company’s stock worth $1,482,000 after purchasing an additional 3,572 shares during the last quarter. Finally, Capricorn Fund Managers Ltd acquired a new stake in e.l.f. Beauty in the 4th quarter worth $7,118,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.
e.l.f. Beauty Company Profile
e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.
Read More
Receive News & Ratings for e.l.f. Beauty Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for e.l.f. Beauty and related companies with MarketBeat.com’s FREE daily email newsletter.