e.l.f. Beauty (NYSE:ELF) Price Target Cut to $175.00

e.l.f. Beauty (NYSE:ELF) had its target price dropped by Robert W. Baird from $240.00 to $175.00 in a report issued on Monday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s price target indicates a potential upside of 64.09% from the company’s current price.

A number of other equities analysts also recently commented on the stock. TD Cowen reduced their target price on shares of e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, September 12th. B. Riley began coverage on shares of e.l.f. Beauty in a report on Tuesday, September 10th. They issued a “buy” rating and a $175.00 target price for the company. Truist Financial dropped their price target on e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. UBS Group dropped their price target on e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Finally, Piper Sandler dropped their price target on e.l.f. Beauty from $260.00 to $162.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $186.57.

e.l.f. Beauty Stock Performance

ELF stock opened at $106.65 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.77 and a quick ratio of 1.10. The business has a 50-day moving average price of $125.22 and a 200 day moving average price of $160.89. The company has a market capitalization of $5.97 billion, a P/E ratio of 48.04, a PEG ratio of 2.19 and a beta of 1.43. e.l.f. Beauty has a 1-year low of $88.47 and a 1-year high of $221.83.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Thursday, August 8th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.20. The business had revenue of $324.48 million during the quarter, compared to the consensus estimate of $303.60 million. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. As a group, equities research analysts forecast that e.l.f. Beauty will post 2.88 EPS for the current fiscal year.

Insiders Place Their Bets

In other e.l.f. Beauty news, CEO Tarang Amin sold 548 shares of e.l.f. Beauty stock in a transaction on Monday, August 5th. The shares were sold at an average price of $175.00, for a total transaction of $95,900.00. Following the sale, the chief executive officer now owns 214,507 shares of the company’s stock, valued at $37,538,725. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ELF. Ashton Thomas Private Wealth LLC purchased a new position in shares of e.l.f. Beauty during the 2nd quarter worth $26,000. Matrix Trust Co purchased a new stake in e.l.f. Beauty in the 2nd quarter valued at about $27,000. Innealta Capital LLC purchased a new stake in e.l.f. Beauty in the 2nd quarter valued at about $30,000. Harbor Investment Advisory LLC purchased a new stake in e.l.f. Beauty in the 1st quarter valued at about $31,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in e.l.f. Beauty by 405.9% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock valued at $36,000 after buying an additional 138 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

About e.l.f. Beauty

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.