Morgan Stanley Trims e.l.f. Beauty (NYSE:ELF) Target Price to $139.00

e.l.f. Beauty (NYSE:ELF) had its price target reduced by Morgan Stanley from $184.00 to $139.00 in a research report released on Monday morning, Benzinga reports. They currently have an equal weight rating on the stock.

Several other research firms have also weighed in on ELF. Robert W. Baird raised their price objective on shares of e.l.f. Beauty from $230.00 to $240.00 and gave the stock an outperform rating in a report on Friday, August 9th. JPMorgan Chase & Co. cut their price objective on 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. Canaccord Genuity Group increased their target price on e.l.f. Beauty from $214.00 to $250.00 and gave the stock a buy rating in a report on Tuesday, June 18th. Bank of America cut their price target on e.l.f. Beauty from $230.00 to $190.00 and set a buy rating for the company in a report on Monday, September 9th. Finally, Canaccord Genuity Group increased their price objective on shares of e.l.f. Beauty from $214.00 to $250.00 and gave the stock a buy rating in a report on Tuesday, June 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, e.l.f. Beauty has a consensus rating of Moderate Buy and a consensus target price of $195.80.

e.l.f. Beauty Price Performance

e.l.f. Beauty stock opened at $105.66 on Monday. The business has a 50 day simple moving average of $142.78 and a 200 day simple moving average of $169.18. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.77 and a quick ratio of 1.10. The company has a market capitalization of $5.91 billion, a PE ratio of 47.59, a price-to-earnings-growth ratio of 2.33 and a beta of 1.44. e.l.f. Beauty has a one year low of $88.47 and a one year high of $221.83.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.20. e.l.f. Beauty had a return on equity of 23.30% and a net margin of 10.80%. The company had revenue of $324.48 million during the quarter, compared to analysts’ expectations of $303.60 million. On average, sell-side analysts forecast that e.l.f. Beauty will post 2.88 EPS for the current fiscal year.

Insider Buying and Selling at e.l.f. Beauty

In other news, CEO Tarang Amin sold 15,386 shares of the firm’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $200.85, for a total value of $3,090,278.10. Following the transaction, the chief executive officer now directly owns 171,329 shares in the company, valued at approximately $34,411,429.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Tarang Amin sold 15,386 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $200.85, for a total transaction of $3,090,278.10. Following the completion of the transaction, the chief executive officer now owns 171,329 shares in the company, valued at $34,411,429.65. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Joshua Allen Franks sold 3,370 shares of the stock in a transaction on 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 sale, the senior vice president now owns 71,986 shares in the company, valued at $14,489,342.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,832 shares of company stock worth $7,074,887. Insiders own 5.20% of the company’s stock.

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

Large investors have recently made changes to their positions in the stock. Wells Fargo & Company MN boosted its stake in e.l.f. Beauty by 56.9% in the 4th quarter. Wells Fargo & Company MN now owns 71,070 shares of the company’s stock worth $10,258,000 after purchasing an additional 25,774 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in e.l.f. Beauty by 4.4% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 17,198 shares of the company’s stock valued at $2,482,000 after buying an additional 731 shares during the last quarter. US Bancorp DE lifted its stake in e.l.f. Beauty by 377.9% in the 4th quarter. US Bancorp DE now owns 5,596 shares of the company’s stock valued at $808,000 after acquiring an additional 4,425 shares in the last quarter. Orion Portfolio Solutions LLC boosted its position in e.l.f. Beauty by 43.7% during the 4th quarter. Orion Portfolio Solutions LLC now owns 3,562 shares of the company’s stock worth $537,000 after acquiring an additional 1,084 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of e.l.f. Beauty in the fourth quarter valued at approximately $231,000. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Company Profile

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.