e.l.f. Beauty (NYSE:ELF) Price Target Cut to $190.00

e.l.f. Beauty (NYSE:ELF) had its price target trimmed by Bank of America from $230.00 to $190.00 in a research note published on Monday, Marketbeat reports. The brokerage currently has a buy rating on the stock.

ELF has been the subject of several other research reports. Robert W. Baird increased their price target on shares of e.l.f. Beauty from $230.00 to $240.00 and gave the company an outperform rating in a research report on Friday, August 9th. Stifel Nicolaus increased 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. JPMorgan Chase & Co. dropped their price target on shares of e.l.f. Beauty from $224.00 to $207.00 and set an overweight rating for the company in a research report on Friday, August 9th. Truist Financial increased their price target on shares of e.l.f. Beauty from $200.00 to $210.00 and gave the company a buy rating in a research report on Wednesday, May 29th. Finally, DA Davidson restated a buy rating and issued a $223.00 price objective on shares of e.l.f. Beauty in a report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, e.l.f. Beauty presently has a consensus rating of Moderate Buy and an average price target of $205.33.

e.l.f. Beauty Price Performance

Shares of e.l.f. Beauty stock opened at $114.70 on Monday. e.l.f. Beauty has a 52-week low of $88.47 and a 52-week high of $221.83. The stock has a market capitalization of $6.42 billion, a price-to-earnings ratio of 51.67, a price-to-earnings-growth ratio of 2.55 and a beta of 1.44. The company has a fifty day moving average of $164.61 and a 200-day moving average of $178.45. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.77.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.20. The business had revenue of $324.48 million during the quarter, compared to analysts’ expectations of $303.60 million. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. Equities research analysts expect 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 15,386 shares of the stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $200.85, for a total value of $3,090,278.10. Following the completion of the transaction, the chief executive officer now directly owns 171,329 shares in the company, valued at approximately $34,411,429.65. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Tarang Amin sold 15,386 shares of the stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $200.85, for a total value of $3,090,278.10. Following the completion of the transaction, the chief executive officer now directly owns 171,329 shares in the company, valued at approximately $34,411,429.65. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Joshua Allen Franks sold 3,370 shares of the 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 completion of the transaction, the senior vice president now owns 71,986 shares of the company’s stock, valued at $14,489,342.08. The disclosure for this sale can be found here. Insiders sold a total of 19,304 shares of company stock worth $3,864,492 in the last three months. 5.20% of the stock is owned by corporate insiders.

Institutional Trading of e.l.f. Beauty

Institutional investors and hedge funds have recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC bought a new stake in e.l.f. Beauty during the 2nd quarter valued at about $26,000. Matrix Trust Co bought a new stake in e.l.f. Beauty during the 2nd quarter valued at about $27,000. Innealta Capital LLC bought a new stake in e.l.f. Beauty during the 2nd quarter valued at about $30,000. Harbor Investment Advisory LLC bought a new stake in e.l.f. Beauty during the 1st quarter valued at about $31,000. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in e.l.f. Beauty by 405.9% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock valued at $36,000 after purchasing an additional 138 shares in the last quarter. 92.44% of the stock is currently owned by 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.