e.l.f. Beauty (NYSE:ELF) Given New $90.00 Price Target at Piper Sandler

e.l.f. Beauty (NYSE:ELF) had its target price cut by Piper Sandler from $102.00 to $90.00 in a research report released on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other research analysts have also recently issued reports on ELF. Morgan Stanley reissued an “equal weight” rating and set a $70.00 target price (down previously from $153.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Canaccord Genuity Group reduced their price objective on e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, February 7th. B. Riley restated a “buy” rating and issued a $90.00 target price (down previously from $150.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. UBS Group reiterated a “neutral” rating and set a $74.00 price target (down from $158.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Finally, Truist Financial upped their price objective on e.l.f. Beauty from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $130.24.

e.l.f. Beauty Stock Performance

Shares of ELF opened at $62.82 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. The stock has a 50-day moving average of $77.83 and a two-hundred day moving average of $105.40. The stock has a market cap of $3.54 billion, a P/E ratio of 37.17, a P/E/G ratio of 6.76 and a beta of 1.60. e.l.f. Beauty has a one year low of $60.35 and a one year high of $219.77.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Thursday, February 6th. The company reported $0.41 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%. As a group, research analysts predict that e.l.f. Beauty will post 2.38 EPS for the current year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On e.l.f. Beauty

Several hedge funds and other institutional investors have recently modified their holdings of ELF. Wilmington Savings Fund Society FSB purchased a new stake in e.l.f. Beauty during the 3rd quarter valued at about $25,000. Nemes Rush Group LLC purchased a new stake in shares of e.l.f. Beauty in the fourth quarter valued at approximately $27,000. Orion Capital Management LLC acquired a new stake in shares of e.l.f. Beauty in the fourth quarter valued at approximately $30,000. Promus Capital LLC acquired a new stake in shares of e.l.f. Beauty in the fourth quarter valued at approximately $31,000. Finally, Kestra Investment Management LLC acquired a new position in e.l.f. Beauty during the fourth quarter worth $32,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

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.