e.l.f. Beauty, Inc. (NYSE:ELF – Get Free Report)’s share price traded down 5.3% during trading on Tuesday after Stifel Nicolaus lowered their price target on the stock from $115.00 to $105.00. Stifel Nicolaus currently has a hold rating on the stock. e.l.f. Beauty traded as low as $88.09 and last traded at $88.53. 987,031 shares changed hands during trading, a decline of 44% from the average session volume of 1,758,759 shares. The stock had previously closed at $93.44.
ELF has been the topic of a number of other research reports. Piper Sandler increased their price target on e.l.f. Beauty from $165.00 to $167.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft initiated coverage on e.l.f. Beauty in a research report on Thursday, December 12th. They issued a “hold” rating and a $133.00 price target on the stock. The Goldman Sachs Group initiated coverage on e.l.f. Beauty in a research report on Friday, December 13th. They set a “buy” rating and a $165.00 target price on the stock. UBS Group raised their target price on e.l.f. Beauty from $156.00 to $158.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Finally, Bank of America cut their target price on e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $168.47.
Insider Buying and Selling
In other e.l.f. Beauty news, CEO Tarang Amin sold 890 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $122,464.00. Following the transaction, the chief executive officer now directly owns 99,699 shares in the company, valued at approximately $13,718,582.40. This trade represents a 0.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Scott Milsten sold 530 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $72,928.00. Following the completion of the transaction, the insider now owns 68,853 shares in the company, valued at $9,474,172.80. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,205 shares of company stock worth $297,442 in the last quarter. 3.50% of the stock is owned by insiders.
Institutional Trading of e.l.f. Beauty
Institutional investors have recently modified their holdings of the business. Pacer Advisors Inc. boosted its stake in shares of e.l.f. Beauty by 43.4% in the fourth quarter. Pacer Advisors Inc. now owns 11,802 shares of the company’s stock valued at $1,482,000 after buying an additional 3,572 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in e.l.f. Beauty by 1,380.4% during the third 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 position in e.l.f. Beauty during the fourth quarter worth $5,519,000. Cetera Investment Advisers raised its holdings in e.l.f. Beauty by 33.8% during the second 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. Finally, Capricorn Fund Managers Ltd acquired a new position in e.l.f. Beauty during the fourth quarter worth $7,118,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors.
e.l.f. Beauty Stock Performance
The company has a market capitalization of $4.97 billion, a price-to-earnings ratio of 47.72, a PEG ratio of 1.74 and a beta of 1.47. The stock has a fifty day moving average price of $126.69 and a two-hundred day moving average price of $130.36. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22.
e.l.f. Beauty (NYSE:ELF – Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.43 by $0.34. The firm had revenue of $301.10 million during the quarter, compared to analyst estimates of $289.43 million. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The business’s quarterly revenue was up 39.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.66 earnings per share. As a group, analysts forecast that e.l.f. Beauty, Inc. will post 2.8 EPS for the current fiscal year.
About e.l.f. Beauty
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.