The Goldman Sachs Group Issues Pessimistic Forecast for e.l.f. Beauty (NYSE:ELF) Stock Price

e.l.f. Beauty (NYSE:ELF) had its price target lowered by stock analysts at The Goldman Sachs Group from $142.00 to $124.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s price target points to a potential upside of 65.87% from the company’s previous close.

A number of other research analysts have also recently issued reports on ELF. JPMorgan Chase & Co. boosted 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. Jefferies Financial Group cut their price target on shares of e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. UBS Group reaffirmed a “neutral” rating and issued a $74.00 price target (down previously from $158.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Truist Financial lifted their price target on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $70.00 price target (down previously from $153.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and an average price target of $132.94.

e.l.f. Beauty Stock Up 5.1 %

Shares of NYSE ELF opened at $74.76 on Friday. The stock has a market cap of $4.22 billion, a P/E ratio of 44.23, a P/E/G ratio of 6.76 and a beta of 1.47. The firm has a 50 day moving average price of $110.17 and a 200 day moving average price of $121.04. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. e.l.f. Beauty has a 52-week low of $63.50 and a 52-week high of $221.83.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. Analysts expect that e.l.f. Beauty will post 2.38 EPS for the current year.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 890 shares of the company’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 sale, the chief executive officer now directly 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Scott Milsten sold 530 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $72,928.00. Following the sale, the insider now directly 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 a total of 2,205 shares of company stock valued at $297,442 over the last 90 days. 3.50% of the stock is owned by corporate insiders.

Institutional Trading of e.l.f. Beauty

Several institutional investors and hedge funds have recently added to or reduced their stakes in ELF. Blue Trust Inc. raised its position in e.l.f. Beauty by 2,357.1% during the third quarter. Blue Trust Inc. now owns 516 shares of the company’s stock worth $56,000 after acquiring an additional 495 shares in the last quarter. Raymond James & Associates raised its position in e.l.f. Beauty by 44.4% during the third quarter. Raymond James & Associates now owns 178,467 shares of the company’s stock worth $19,458,000 after acquiring an additional 54,836 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in e.l.f. Beauty by 6.5% during the third quarter. Sequoia Financial Advisors LLC now owns 2,609 shares of the company’s stock worth $284,000 after acquiring an additional 159 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of e.l.f. Beauty by 289.8% in the third quarter. Private Advisor Group LLC now owns 19,396 shares of the company’s stock valued at $2,115,000 after purchasing an additional 14,420 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of e.l.f. Beauty in the third quarter valued at $16,369,000. 92.44% of the stock is owned by institutional investors.

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.