e.l.f. Beauty (NYSE:ELF – Get Free Report) had its price target lowered by analysts at Piper Sandler from $167.00 to $131.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s target price indicates a potential upside of 47.60% from the company’s current price.
Several other equities research analysts also recently commented on ELF. Truist Financial boosted their price objective on e.l.f. Beauty from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. upped their price objective on shares of e.l.f. Beauty from $154.00 to $163.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of e.l.f. Beauty in a report on Thursday, December 12th. They set a “hold” rating and a $133.00 price objective for the company. B. Riley lowered their target price on shares of e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Finally, DA Davidson reiterated a “buy” rating and set a $170.00 price target on shares of e.l.f. Beauty in a research note on Wednesday. One analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.35.
View Our Latest Stock Analysis on ELF
e.l.f. Beauty Trading Up 1.6 %
e.l.f. Beauty (NYSE:ELF – Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. Research analysts expect that e.l.f. Beauty will post 2.8 earnings per share for the current year.
Insider Buying and Selling
In other e.l.f. Beauty news, CEO Tarang Amin sold 890 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $122,464.00. Following the sale, the chief executive officer now directly owns 99,699 shares in the company, valued at $13,718,582.40. The trade was a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Maureen C. Watson sold 785 shares of e.l.f. Beauty stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $130.00, for a total value of $102,050.00. Following the completion of the sale, the director now directly owns 1,888 shares of the company’s stock, valued at approximately $245,440. This trade represents a 29.37 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,205 shares of company stock valued at $297,442. 3.50% of the stock is owned by insiders.
Hedge Funds Weigh In On e.l.f. Beauty
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Robbins Farley lifted its stake in shares of e.l.f. Beauty by 27.1% during the 4th quarter. Robbins Farley now owns 34,396 shares of the company’s stock valued at $4,318,000 after buying an additional 7,335 shares in the last quarter. Pacer Advisors Inc. raised its holdings in e.l.f. Beauty by 43.4% during the 4th quarter. Pacer Advisors Inc. now owns 11,802 shares of the company’s stock valued at $1,482,000 after acquiring an additional 3,572 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of e.l.f. Beauty by 1,380.4% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,284 shares of the company’s stock worth $1,775,000 after acquiring an additional 15,184 shares in the last quarter. Ibex Wealth Advisors bought a new position in shares of e.l.f. Beauty in the fourth quarter worth $5,519,000. Finally, Capricorn Fund Managers Ltd purchased a new position in shares of e.l.f. Beauty in the fourth quarter valued at $7,118,000. Institutional investors own 92.44% of the company’s stock.
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.
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