e.l.f. Beauty (NYSE:ELF) Shares Gap Down to $218.00

e.l.f. Beauty, Inc. (NYSE:ELF)’s share price gapped down prior to trading on Friday . The stock had previously closed at $218.00, but opened at $213.60. e.l.f. Beauty shares last traded at $212.94, with a volume of 104,879 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ELF shares. Stifel Nicolaus decreased their price target on e.l.f. Beauty from $167.00 to $151.00 and set a “hold” rating on the stock in a research note on Monday, May 20th. DA Davidson reiterated a “buy” rating and set a $220.00 target price on shares of e.l.f. Beauty in a research report on Monday, June 3rd. Canaccord Genuity Group raised their price target on e.l.f. Beauty from $214.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. Piper Sandler reiterated an “overweight” rating and issued a $210.00 price objective on shares of e.l.f. Beauty in a research report on Monday, June 24th. Finally, TD Cowen increased their price objective on shares of e.l.f. Beauty from $190.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $198.93.

e.l.f. Beauty Stock Performance

The company has a market cap of $11.79 billion, a price-to-earnings ratio of 94.92, a P/E/G ratio of 5.53 and a beta of 1.54. The company has a current ratio of 1.60, a quick ratio of 0.95 and a debt-to-equity ratio of 0.25. The stock’s 50 day moving average price is $181.64 and its 200 day moving average price is $174.76.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Wednesday, May 22nd. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.21 by $0.16. The firm had revenue of $321.14 million during the quarter, compared to analyst estimates of $292.47 million. e.l.f. Beauty had a net margin of 12.47% and a return on equity of 26.64%. On average, analysts expect that e.l.f. Beauty, Inc. will post 2.85 EPS for the current fiscal year.

Insider Buying and Selling at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 6,832 shares of the firm’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $162.63, for a total value of $1,111,088.16. Following the transaction, the chief executive officer now directly owns 228,175 shares of the company’s stock, valued at $37,108,100.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other e.l.f. Beauty news, Director Richard G. Wolford sold 11,072 shares of the stock in a transaction on Friday, June 7th. The shares were sold at an average price of $181.13, for a total transaction of $2,005,471.36. Following the transaction, the director now directly owns 12,741 shares in the company, valued at approximately $2,307,777.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Tarang Amin sold 6,832 shares of the business’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $162.63, for a total transaction of $1,111,088.16. Following the completion of the sale, the chief executive officer now directly owns 228,175 shares of the company’s stock, valued at approximately $37,108,100.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 256,167 shares of company stock valued at $44,029,811. Company insiders own 5.20% of the company’s stock.

Institutional Investors Weigh In On e.l.f. Beauty

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in e.l.f. Beauty by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 6,050,649 shares of the company’s stock worth $873,351,000 after acquiring an additional 79,701 shares during the last quarter. Wellington Management Group LLP raised its position in shares of e.l.f. Beauty by 5.2% during the 4th quarter. Wellington Management Group LLP now owns 2,540,832 shares of the company’s stock worth $366,744,000 after purchasing an additional 126,231 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of e.l.f. Beauty by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 952,863 shares of the company’s stock worth $137,538,000 after purchasing an additional 7,999 shares during the last quarter. Clearbridge Investments LLC acquired a new position in e.l.f. Beauty during the 1st quarter valued at approximately $133,940,000. Finally, Norges Bank bought a new position in e.l.f. Beauty during the 4th quarter worth $95,611,000. 92.44% of the stock is owned by institutional investors and hedge funds.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.