e.l.f. Beauty (NYSE:ELF) Trading Down 5.3% on Analyst Downgrade

e.l.f. Beauty, Inc. (NYSE:ELF)’s share price was down 5.3% 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. Approximately 987,031 shares traded hands during trading, a decline of 44% from the average daily volume of 1,758,759 shares. The stock had previously closed at $93.44.

Other equities research analysts have also recently issued reports about the stock. UBS Group lifted their price objective on shares of e.l.f. Beauty from $156.00 to $158.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. The Goldman Sachs Group started 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 target on the stock. JPMorgan Chase & Co. increased their price objective on shares of e.l.f. Beauty from $154.00 to $163.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Canaccord Genuity Group cut their target price on e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Finally, DA Davidson reiterated a “buy” rating and set a $170.00 price target on shares of e.l.f. Beauty in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and an average price target of $168.47.

Insider Activity

In other news, Director Maureen C. Watson sold 785 shares of the company’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 of the company’s stock, valued at approximately $245,440. This represents a 29.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Tarang Amin sold 890 shares of the stock in a transaction 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 sale, the chief executive officer now owns 99,699 shares of the company’s stock, valued at approximately $13,718,582.40. This represents a 0.88 % 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 90 days. Company insiders own 3.50% of the company’s stock.

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

Several large investors have recently made changes to their positions in ELF. Wilmington Savings Fund Society FSB bought a new position in e.l.f. Beauty during the third quarter valued at about $25,000. Kestra Investment Management LLC acquired a new position in shares of e.l.f. Beauty during the 4th quarter valued at about $32,000. Planning Capital Management Corp raised its stake in shares of e.l.f. Beauty by 1,855.0% in the 3rd quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock valued at $43,000 after acquiring an additional 371 shares in the last quarter. nVerses Capital LLC acquired a new stake in e.l.f. Beauty in the 3rd quarter worth approximately $44,000. Finally, Peterson Financial Group Inc. bought a new stake in e.l.f. Beauty during the third quarter worth approximately $45,000. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Performance

The company has a market cap of $4.98 billion, a price-to-earnings ratio of 47.80, a P/E/G ratio of 1.74 and a beta of 1.47. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. The firm has a fifty day simple moving average of $125.96 and a 200 day simple moving average of $129.81.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.34. The business 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%. e.l.f. Beauty’s revenue was up 39.7% compared to the same quarter last year. During the same period last year, the business posted $0.66 EPS. On average, sell-side analysts expect that e.l.f. Beauty, Inc. will post 2.8 earnings per share 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.