Raymond James Cuts e.l.f. Beauty (NYSE:ELF) Price Target to $120.00

e.l.f. Beauty (NYSE:ELF) had its price objective decreased by Raymond James from $175.00 to $120.00 in a report issued on Friday,Benzinga reports. Raymond James currently has a strong-buy rating on the stock.

A number of other equities analysts have also recently weighed in on ELF. Jefferies Financial Group reduced their price target on shares of e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Canaccord Genuity Group reduced their target price on e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Morgan Stanley restated an “equal weight” rating and issued a $70.00 price target (down from $153.00) on shares of e.l.f. Beauty in a report on Friday. Stifel Nicolaus cut their price objective on e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. increased their target price on 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. Five investment 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 stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $134.00.

e.l.f. Beauty Trading Down 19.6 %

NYSE ELF opened at $71.12 on Friday. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. e.l.f. Beauty has a 12 month low of $63.50 and a 12 month high of $221.83. The company has a market capitalization of $4.01 billion, a PE ratio of 42.08, a P/E/G ratio of 1.54 and a beta of 1.47. The stock has a 50-day simple moving average of $122.50 and a 200 day simple moving average of $127.58.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly 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 17.35%. Research analysts forecast that e.l.f. Beauty will post 2.8 EPS for the current year.

Insiders Place Their Bets

In other e.l.f. Beauty news, Director Maureen C. Watson sold 785 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $130.00, for a total transaction of $102,050.00. Following the transaction, the director now owns 1,888 shares of the company’s stock, valued at $245,440. The trade was a 29.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Scott Milsten sold 530 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $72,928.00. Following the completion of the sale, the insider now directly owns 68,853 shares of the company’s stock, valued at approximately $9,474,172.80. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,205 shares of company stock valued at $297,442 in the last three months. 3.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Moran Wealth Management LLC grew its holdings in e.l.f. Beauty by 11.2% during the fourth quarter. Moran Wealth Management LLC now owns 4,567 shares of the company’s stock worth $573,000 after purchasing an additional 460 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of e.l.f. Beauty by 4.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,251 shares of the company’s stock valued at $1,789,000 after buying an additional 662 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of e.l.f. Beauty by 4.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,796 shares of the company’s stock worth $1,230,000 after acquiring an additional 404 shares during the period. Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of e.l.f. Beauty by 13.2% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 44,484 shares of the company’s stock worth $5,704,000 after acquiring an additional 5,175 shares during the last quarter. Finally, Lisanti Capital Growth LLC bought a new stake in e.l.f. Beauty in the 4th quarter valued at $5,403,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

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.