e.l.f. Beauty (NYSE:ELF) Sets New 1-Year Low – Should You Sell?

e.l.f. Beauty, Inc. (NYSE:ELF)’s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $60.35 and last traded at $61.16, with a volume of 314214 shares traded. The stock had previously closed at $62.41.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ELF shares. Morgan Stanley restated an “equal weight” rating and set a $70.00 price target (down from $153.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Canaccord Genuity Group dropped their target price on shares of e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, February 7th. JPMorgan Chase & Co. increased their price target on shares of e.l.f. Beauty from $154.00 to $163.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. The Goldman Sachs Group lowered their price target on shares of e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Finally, Raymond James cut their price objective on shares of e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating on the stock in a report on Friday, February 7th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $132.65.

e.l.f. Beauty Stock Up 0.8 %

The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17. The stock has a market cap of $3.55 billion, a PE ratio of 37.22, a PEG ratio of 6.76 and a beta of 1.60. The company has a 50 day moving average price of $85.71 and a two-hundred day moving average price of $107.89.

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

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, Director Maureen C. Watson sold 4,000 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $67.39, for a total value of $269,560.00. Following the transaction, the director now directly owns 1,888 shares of the company’s stock, valued at approximately $127,232.32. This trade represents a 67.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.50% of the stock is owned by insiders.

Institutional Trading of e.l.f. Beauty

Several large investors have recently added to or reduced their stakes in the business. Baillie Gifford & Co. boosted its stake in shares of e.l.f. Beauty by 51.0% during the 4th quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company’s stock worth $1,005,584,000 after acquiring an additional 2,703,742 shares during the last quarter. Champlain Investment Partners LLC purchased a new position in e.l.f. Beauty during the third quarter valued at $121,558,000. Swedbank AB purchased a new position in e.l.f. Beauty during the third quarter valued at $76,321,000. William Blair Investment Management LLC grew its holdings in e.l.f. Beauty by 40.9% during the fourth quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company’s stock valued at $289,437,000 after purchasing an additional 669,321 shares during the period. Finally, Aspex Management HK Ltd purchased a new position in e.l.f. Beauty during the fourth quarter valued at approximately $73,576,000. 92.44% of the stock is currently 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.