e.l.f. Beauty (NYSE:ELF) Price Target Lowered to $131.00 at Piper Sandler

e.l.f. Beauty (NYSE:ELF) had its target price trimmed by Piper Sandler from $167.00 to $131.00 in a research report released on Wednesday,Benzinga reports. The firm currently has an overweight rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Jefferies Financial Group cut their price objective on shares of e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Truist Financial upped 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. UBS Group upped their price target on shares of e.l.f. Beauty from $156.00 to $158.00 and gave the company a “buy” rating in a report on Thursday, January 16th. DA Davidson reaffirmed a “buy” rating and issued a $170.00 price objective on shares of e.l.f. Beauty in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of e.l.f. Beauty in a research note on Thursday, December 12th. They set a “hold” rating and a $133.00 target price for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $166.35.

e.l.f. Beauty Stock Performance

Shares of ELF opened at $87.09 on Wednesday. The firm has a fifty day moving average of $125.24 and a 200-day moving average of $129.18. The company has a market cap of $4.91 billion, a price-to-earnings ratio of 47.08, a price-to-earnings-growth ratio of 1.74 and a beta of 1.47. 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 $85.41 and a 1 year high of $221.83.

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. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The company had revenue of $301.10 million for the quarter, compared to analyst estimates of $289.43 million. During the same quarter last year, the business earned $0.66 earnings per share. e.l.f. Beauty’s revenue was up 39.7% compared to the same quarter last year. As a group, equities analysts anticipate that e.l.f. Beauty will post 2.8 earnings per share for the current year.

Insider Transactions at e.l.f. Beauty

In related news, CEO Tarang Amin sold 890 shares of the firm’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 $122,464.00. Following the transaction, the chief executive officer now directly owns 99,699 shares of the company’s stock, valued at approximately $13,718,582.40. This trade represents a 0.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Maureen C. Watson sold 785 shares of the company’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 value of $102,050.00. Following the sale, the director now directly owns 1,888 shares of the company’s stock, valued at $245,440. The trade was a 29.37 % decrease in their position. The disclosure for this sale can be found here. Over 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.

Institutional Trading of e.l.f. Beauty

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Truist Financial Corp increased its position in e.l.f. Beauty by 60.6% during the second quarter. Truist Financial Corp now owns 6,824 shares of the company’s stock worth $1,438,000 after acquiring an additional 2,576 shares during the period. Sanctuary Advisors LLC bought a new position in shares of e.l.f. Beauty during the 2nd quarter worth about $1,102,000. Park Avenue Securities LLC raised its position in shares of e.l.f. Beauty by 41.2% during the third quarter. Park Avenue Securities LLC now owns 7,377 shares of the company’s stock valued at $804,000 after buying an additional 2,151 shares during the last quarter. Handelsbanken Fonder AB grew its position in e.l.f. Beauty by 18.7% during the third quarter. Handelsbanken Fonder AB now owns 14,600 shares of the company’s stock worth $1,592,000 after buying an additional 2,300 shares in the last quarter. Finally, Diversified Trust Co bought a new position in e.l.f. Beauty during the third quarter valued at about $781,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

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.