Stifel Nicolaus Lowers e.l.f. Beauty (NYSE:ELF) Price Target to $105.00

e.l.f. Beauty (NYSE:ELF) had its target price dropped by research analysts at Stifel Nicolaus from $115.00 to $105.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 18.74% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Piper Sandler lifted their price target on shares of e.l.f. Beauty from $165.00 to $167.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Canaccord Genuity Group reduced their target price on e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, November 7th. DA Davidson restated a “buy” rating and set a $170.00 price target on shares of e.l.f. Beauty in a research note on Tuesday, January 21st. JPMorgan Chase & Co. boosted their price objective on e.l.f. Beauty from $154.00 to $163.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Finally, Bank of America lowered their target price on shares of e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $168.47.

e.l.f. Beauty Trading Down 5.4 %

NYSE:ELF opened at $88.43 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78. e.l.f. Beauty has a 1 year low of $86.14 and a 1 year high of $221.83. The stock has a market cap of $4.98 billion, a P/E ratio of 47.80, a P/E/G ratio of 1.74 and a beta of 1.47. The stock has a 50-day simple moving average of $125.96 and a 200-day simple moving average of $129.81.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.43 by $0.34. The company 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%. The firm’s revenue was up 39.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.66 earnings per share. As a group, analysts anticipate that e.l.f. Beauty will post 2.8 earnings per share for the current fiscal year.

Insider Buying and Selling at e.l.f. Beauty

In other news, CEO Tarang Amin sold 890 shares of e.l.f. Beauty stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 99,699 shares in the company, valued at approximately $13,718,582.40. This trade represents a 0.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Scott Milsten sold 530 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total value 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,205 shares of company stock valued at $297,442. 3.50% of the stock is owned by company insiders.

Institutional Trading of e.l.f. Beauty

Institutional investors have recently bought and sold shares of the company. Truist Financial Corp boosted its position in shares of e.l.f. Beauty by 60.6% in the 2nd quarter. Truist Financial Corp now owns 6,824 shares of the company’s stock worth $1,438,000 after buying an additional 2,576 shares in the last quarter. Cetera Investment Advisers raised its position in e.l.f. Beauty by 33.8% during the second quarter. Cetera Investment Advisers now owns 39,319 shares of the company’s stock worth $8,285,000 after acquiring an additional 9,939 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of e.l.f. Beauty in the second quarter valued at approximately $1,102,000. Park Avenue Securities LLC increased its stake in shares of e.l.f. Beauty by 41.2% during the 3rd quarter. Park Avenue Securities LLC now owns 7,377 shares of the company’s stock worth $804,000 after purchasing an additional 2,151 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its stake in shares of e.l.f. Beauty by 18.7% during the 3rd quarter. Handelsbanken Fonder AB now owns 14,600 shares of the company’s stock worth $1,592,000 after purchasing an additional 2,300 shares in the last quarter. 92.44% of the stock is currently 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.