e.l.f. Beauty (NYSE:ELF) Sets New 52-Week Low – Here’s Why

e.l.f. Beauty, Inc. (NYSE:ELF) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $62.20 and last traded at $63.61, with a volume of 180165 shares changing hands. The stock had previously closed at $63.81.

Analyst Ratings Changes

ELF has been the subject of several recent research reports. The Goldman Sachs Group reduced their price target on e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating for the company in a research report on Friday, February 21st. JPMorgan Chase & Co. lifted their target price on shares of e.l.f. Beauty from $154.00 to $163.00 and gave the company 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 issued a “hold” rating and a $133.00 price objective for the company. Stifel Nicolaus dropped their target price on e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a research report on Monday, February 3rd. Finally, Canaccord Genuity Group reduced their price target on e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating for the company in a report on Friday, February 7th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $132.94.

e.l.f. Beauty Stock Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. The stock’s fifty day moving average is $102.87 and its two-hundred day moving average is $116.52. The firm has a market capitalization of $3.57 billion, a price-to-earnings ratio of 37.53, a price-to-earnings-growth ratio of 6.76 and a beta of 1.47.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. Analysts forecast that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

Insiders Place Their Bets

In related news, 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 transaction 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 $9,474,172.80. This represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tarang Amin sold 890 shares of e.l.f. Beauty 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 completion of the transaction, the chief executive officer now 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 disclosure for this sale can be found here. 3.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC increased its stake in e.l.f. Beauty by 3.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,872 shares of the company’s stock valued at $361,000 after buying an additional 91 shares during the period. Truist Financial Corp increased its position in e.l.f. Beauty by 1.3% in the 4th quarter. Truist Financial Corp now owns 7,885 shares of the company’s stock worth $990,000 after purchasing an additional 102 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of e.l.f. Beauty by 0.8% during the 4th quarter. Arizona State Retirement System now owns 16,365 shares of the company’s stock valued at $2,055,000 after buying an additional 128 shares during the last quarter. Treasurer of the State of North Carolina grew its stake in shares of e.l.f. Beauty by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 23,630 shares of the company’s stock valued at $2,967,000 after buying an additional 140 shares in the last quarter. Finally, Atria Wealth Solutions Inc. raised its position in e.l.f. Beauty by 7.7% during the fourth quarter. Atria Wealth Solutions Inc. now owns 2,089 shares of the company’s stock valued at $262,000 after acquiring an additional 150 shares in the last quarter. 92.44% of the stock is 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.