e.l.f. Beauty (NYSE:ELF) Price Target Cut to $207.00

e.l.f. Beauty (NYSE:ELF) had its price objective cut by equities research analysts at JPMorgan Chase & Co. from $224.00 to $207.00 in a report issued on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 40.74% from the company’s current price.

ELF has been the topic of several other research reports. DA Davidson lifted their price objective on shares of e.l.f. Beauty from $220.00 to $223.00 and gave the company a “buy” rating in a research report on Friday. Canaccord Genuity Group lifted their price objective on shares of e.l.f. Beauty from $214.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. Raymond James reiterated a “strong-buy” rating and set a $235.00 price objective on shares of e.l.f. Beauty in a research report on Monday, July 22nd. Piper Sandler reissued an “overweight” rating and issued a $260.00 target price (up from $258.00) on shares of e.l.f. Beauty in a report on Friday. Finally, TD Cowen raised their target price on shares of e.l.f. Beauty from $190.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $216.43.

e.l.f. Beauty Stock Down 8.5 %

Shares of e.l.f. Beauty stock traded down $13.75 on Friday, reaching $147.08. The company’s stock had a trading volume of 2,472,718 shares, compared to its average volume of 1,631,003. The company has a quick ratio of 0.95, a current ratio of 1.60 and a debt-to-equity ratio of 0.25. e.l.f. Beauty has a 52 week low of $88.47 and a 52 week high of $221.83. The company has a market capitalization of $8.23 billion, a price-to-earnings ratio of 67.68, a P/E/G ratio of 3.66 and a beta of 1.46. The firm’s fifty day simple moving average is $190.75 and its two-hundred day simple moving average is $182.63.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Wednesday, May 22nd. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.16. The firm had revenue of $321.14 million during the quarter, compared to analyst estimates of $292.47 million. e.l.f. Beauty had a return on equity of 26.64% and a net margin of 12.47%. Equities analysts anticipate that e.l.f. Beauty will post 2.84 earnings per share for the current year.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 42,953 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $184.96, for a total value of $7,944,586.88. Following the completion of the transaction, the chief executive officer now directly owns 258,667 shares in the company, valued at $47,843,048.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Joshua Allen Franks sold 3,370 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $201.28, for a total transaction of $678,313.60. Following the sale, the senior vice president now owns 71,986 shares in the company, valued at $14,489,342.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Tarang Amin sold 42,953 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $184.96, for a total value of $7,944,586.88. Following the completion of the sale, the chief executive officer now owns 258,667 shares in the company, valued at approximately $47,843,048.32. The disclosure for this sale can be found here. Insiders sold 97,390 shares of company stock worth $18,264,873 over the last three months. 5.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On e.l.f. Beauty

Several hedge funds have recently bought and sold shares of ELF. Wellington Management Group LLP raised its stake in e.l.f. Beauty by 5.2% in the 4th quarter. Wellington Management Group LLP now owns 2,540,832 shares of the company’s stock valued at $366,744,000 after purchasing an additional 126,231 shares during the last quarter. Swiss National Bank raised its stake in e.l.f. Beauty by 0.5% in the 1st quarter. Swiss National Bank now owns 108,900 shares of the company’s stock valued at $21,348,000 after purchasing an additional 500 shares during the last quarter. Roman Butler Fullerton & Co. acquired a new position in e.l.f. Beauty in the 4th quarter valued at $1,294,000. Mirae Asset Global Investments Co. Ltd. raised its stake in e.l.f. Beauty by 30.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,662 shares of the company’s stock valued at $5,155,000 after purchasing an additional 8,408 shares during the last quarter. Finally, Louisiana State Employees Retirement System acquired a new position in e.l.f. Beauty in the 4th quarter valued at $3,984,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

About e.l.f. Beauty

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.