e.l.f. Beauty (NYSE:ELF) PT Lowered to $150.00 at TD Cowen

e.l.f. Beauty (NYSE:ELF) had its target price reduced by stock analysts at TD Cowen from $235.00 to $150.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. TD Cowen’s price target suggests a potential upside of 33.94% from the stock’s previous close.

Several other analysts have also commented on the stock. UBS Group reduced their price target on shares of e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Raymond James reaffirmed a “strong-buy” rating and set a $235.00 price target on shares of e.l.f. Beauty in a research report on Monday, July 22nd. DA Davidson reaffirmed a “buy” rating and set a $223.00 price target on shares of e.l.f. Beauty in a research report on Wednesday. Stifel Nicolaus lifted their price target on shares of e.l.f. Beauty from $151.00 to $161.00 and gave the company a “hold” rating in a research report on Monday, July 22nd. Finally, Canaccord Genuity Group lifted their price target 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, e.l.f. Beauty presently has an average rating of “Moderate Buy” and a consensus target price of $205.33.

e.l.f. Beauty Price Performance

ELF traded down $2.09 during trading on Thursday, reaching $111.99. The company’s stock had a trading volume of 232,150 shares, compared to its average volume of 1,716,291. The company has a quick ratio of 1.10, a current ratio of 1.77 and a debt-to-equity ratio of 0.23. The firm has a fifty day simple moving average of $166.36 and a two-hundred day simple moving average of $178.90. e.l.f. Beauty has a 1 year low of $88.47 and a 1 year high of $221.83. The company has a market cap of $6.26 billion, a price-to-earnings ratio of 50.45, a PEG ratio of 2.55 and a beta of 1.44.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Thursday, August 8th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.20. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. The business had revenue of $324.48 million for the quarter, compared to analyst estimates of $303.60 million. As a group, analysts anticipate that e.l.f. Beauty will post 2.88 EPS for the current year.

Insider Buying and Selling

In related news, CEO Tarang Amin sold 548 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $175.00, for a total transaction of $95,900.00. Following the completion of the transaction, the chief executive officer now owns 214,507 shares in the company, valued at $37,538,725. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Tarang Amin sold 548 shares of the business’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $175.00, for a total value of $95,900.00. Following the completion of the sale, the chief executive officer now directly owns 214,507 shares of the company’s stock, valued at $37,538,725. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Joshua Allen Franks sold 3,370 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $201.28, for a total transaction of $678,313.60. Following the completion of the sale, the senior vice president now directly owns 71,986 shares of the company’s stock, valued at $14,489,342.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,304 shares of company stock worth $3,864,492. Corporate insiders own 5.20% of the company’s stock.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Newbridge Financial Services Group Inc. raised its holdings in shares of e.l.f. Beauty by 505.0% in the second quarter. Newbridge Financial Services Group Inc. now owns 605 shares of the company’s stock valued at $127,000 after buying an additional 505 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of e.l.f. Beauty in the second quarter valued at about $1,102,000. Clearbridge Investments LLC raised its holdings in shares of e.l.f. Beauty by 84.4% in the second quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock valued at $265,432,000 after buying an additional 576,383 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of e.l.f. Beauty by 33.8% during the second quarter. Cetera Investment Advisers now owns 39,319 shares of the company’s stock worth $8,285,000 after acquiring an additional 9,939 shares during the period. Finally, Truist Financial Corp increased its stake in shares of 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. 92.44% of the stock is owned by hedge funds and other institutional investors.

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.