JPMorgan Chase & Co. Trims e.l.f. Beauty (NYSE:ELF) Target Price to $167.00

e.l.f. Beauty (NYSE:ELF) had its price target lowered by JPMorgan Chase & Co. from $207.00 to $167.00 in a research note released on Friday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Other analysts have also recently issued reports about the company. Canaccord Genuity Group raised their price target on e.l.f. Beauty from $214.00 to $250.00 and gave the company a buy rating in a research note on Tuesday, June 18th. Morgan Stanley decreased their target price on e.l.f. Beauty from $184.00 to $139.00 and set an equal weight rating for the company in a research note on Monday, September 30th. Piper Sandler dropped their price target on shares of e.l.f. Beauty from $260.00 to $162.00 and set an overweight rating on the stock in a research note on Monday, September 16th. TD Cowen reduced their price objective on shares of e.l.f. Beauty from $235.00 to $150.00 and set a buy rating for the company in a research report on Thursday, September 12th. Finally, DA Davidson reaffirmed a buy rating and issued a $223.00 target price on shares of e.l.f. Beauty in a research report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $198.71.

e.l.f. Beauty Stock Performance

Shares of e.l.f. Beauty stock opened at $109.72 on Friday. The business has a 50-day simple moving average of $133.52 and a 200-day simple moving average of $164.80. The company has a market cap of $6.19 billion, a PE ratio of 52.25, a P/E/G ratio of 2.19 and a beta of 1.43. e.l.f. Beauty has a one year low of $88.47 and a one year high of $221.83. 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 posted its quarterly earnings results on Thursday, August 8th. The company reported $0.87 EPS for the quarter, topping the consensus estimate 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 company had revenue of $324.48 million during the quarter, compared to analysts’ expectations of $303.60 million. On average, equities research analysts forecast that e.l.f. Beauty will post 2.88 EPS for the current fiscal year.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 3,370 shares of the stock in a transaction that occurred 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 directly owns 71,986 shares of the company’s stock, valued at approximately $14,489,342.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Tarang Amin sold 548 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $175.00, for a total transaction of $95,900.00. Following the transaction, the chief executive officer now directly owns 214,507 shares in the company, valued at $37,538,725. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Joshua Allen Franks sold 3,370 shares of the firm’s stock in a transaction dated 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 owns 71,986 shares of the company’s stock, valued at approximately $14,489,342.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,446 shares of company stock worth $3,984,609 in the last quarter. Company insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Canada Pension Plan Investment Board purchased a new stake in shares of e.l.f. Beauty during the 2nd quarter worth $6,659,000. Cetera Investment Advisers lifted its stake in shares of e.l.f. Beauty by 33.8% in the second quarter. Cetera Investment Advisers now owns 39,319 shares of the company’s stock valued at $8,285,000 after purchasing an additional 9,939 shares during the period. Wellington Management Group LLP boosted its holdings in e.l.f. Beauty by 5.2% during the fourth quarter. Wellington Management Group LLP now owns 2,540,832 shares of the company’s stock worth $366,744,000 after buying an additional 126,231 shares in the last quarter. Clearbridge Investments LLC grew its position in e.l.f. Beauty by 84.4% during the second quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock worth $265,432,000 after buying an additional 576,383 shares during the period. Finally, Swiss National Bank increased its holdings in e.l.f. Beauty by 0.5% in the first quarter. Swiss National Bank now owns 108,900 shares of the company’s stock valued at $21,348,000 after buying an additional 500 shares in the last quarter. 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.