e.l.f. Beauty (NYSE:ELF) Sets New 12-Month Low After Analyst Downgrade

Shares of e.l.f. Beauty, Inc. (NYSE:ELF) reached a new 52-week low during mid-day trading on Monday 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 $93.75 and last traded at $93.15, with a volume of 241151 shares traded. The stock had previously closed at $99.91.

ELF has been the subject of a number of other reports. DA Davidson restated a “buy” rating and issued a $170.00 price objective on shares of e.l.f. Beauty in a report on Tuesday, January 21st. Piper Sandler boosted their price objective on shares of e.l.f. Beauty from $165.00 to $167.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. 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 report on Monday, October 21st. UBS Group boosted their price objective on shares of e.l.f. Beauty from $156.00 to $158.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Finally, Jefferies Financial Group lowered their price target on shares of e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $168.47.

Insider Activity at e.l.f. Beauty

In related news, CEO Tarang Amin sold 890 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $122,464.00. Following the sale, the chief executive officer now owns 99,699 shares of the company’s stock, valued at $13,718,582.40. The trade was a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Maureen C. Watson sold 785 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $130.00, for a total transaction of $102,050.00. Following the sale, the director now directly owns 1,888 shares in the company, valued at $245,440. This represents a 29.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,205 shares of company stock valued at $297,442. Insiders own 3.50% of the company’s stock.

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

Large investors have recently made changes to their positions in the stock. Handelsbanken Fonder AB lifted its stake in e.l.f. Beauty by 8.2% in the fourth quarter. Handelsbanken Fonder AB now owns 15,800 shares of the company’s stock valued at $1,984,000 after acquiring an additional 1,200 shares during the last quarter. Alberta Investment Management Corp raised its stake in e.l.f. Beauty by 23.2% in the 4th quarter. Alberta Investment Management Corp now owns 23,748 shares of the company’s stock worth $2,982,000 after purchasing an additional 4,466 shares in the last quarter. Global Retirement Partners LLC raised its stake in e.l.f. Beauty by 441.0% in the 4th quarter. Global Retirement Partners LLC now owns 8,283 shares of the company’s stock worth $1,040,000 after purchasing an additional 6,752 shares in the last quarter. New York State Common Retirement Fund increased its holdings in e.l.f. Beauty by 2.5% in the 4th quarter. New York State Common Retirement Fund now owns 35,350 shares of the company’s stock valued at $4,438,000 after buying an additional 848 shares during the period. Finally, Kestra Investment Management LLC bought a new position in e.l.f. Beauty in the 4th quarter valued at about $32,000. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Down 6.5 %

The company has a market capitalization of $5.26 billion, a P/E ratio of 50.49, a price-to-earnings-growth ratio of 1.74 and a beta of 1.47. 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 firm’s fifty day moving average is $126.69 and its 200-day moving average is $130.36.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.34. The company had revenue of $301.10 million for the quarter, compared to analyst estimates of $289.43 million. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The company’s quarterly revenue was up 39.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.66 EPS. As a group, equities research analysts predict that e.l.f. Beauty, Inc. will post 2.8 EPS for the current year.

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.