e.l.f. Beauty (NYSE:ELF) Price Target Lowered to $170.00 at DA Davidson

e.l.f. Beauty (NYSE:ELF) had its target price reduced by DA Davidson from $223.00 to $170.00 in a report published on Thursday morning,Benzinga reports. DA Davidson currently has a buy rating on the stock.

Other analysts also recently issued research reports about the stock. Baird R W raised shares of e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 18th. UBS Group dropped 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. Truist Financial reduced their price objective on shares of e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. JPMorgan Chase & Co. reduced their price target on shares of e.l.f. Beauty from $207.00 to $167.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Finally, 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. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $173.53.

e.l.f. Beauty Trading Up 3.5 %

NYSE ELF traded up $4.08 during trading hours on Thursday, reaching $120.15. The company’s stock had a trading volume of 3,872,222 shares, compared to its average volume of 1,892,833. The firm has a fifty day simple moving average of $113.06 and a 200-day simple moving average of $156.17. The stock has a market cap of $6.78 billion, a P/E ratio of 55.27, a P/E/G ratio of 2.16 and a beta of 1.44. e.l.f. Beauty has a 52 week low of $92.16 and a 52 week high of $221.83. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.77 and a quick ratio of 1.10.

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, topping analysts’ consensus estimates of $0.67 by $0.20. The company had revenue of $324.48 million during the quarter, compared to the consensus estimate of $303.60 million. e.l.f. Beauty had a return on equity of 23.30% and a net margin of 10.80%. Equities analysts forecast that e.l.f. Beauty will post 2.88 earnings per share for the current fiscal year.

Insider Transactions at e.l.f. Beauty

In related news, CEO Tarang Amin sold 23,528 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the completion of the sale, the chief executive officer now owns 106,016 shares in the company, valued at approximately $14,465,883.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.50% of the company’s stock.

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

Several hedge funds and other institutional investors have recently made changes to their positions in ELF. Baillie Gifford & Co. boosted its stake in shares of e.l.f. Beauty by 39.5% during the 3rd quarter. Baillie Gifford & Co. now owns 5,305,692 shares of the company’s stock worth $578,480,000 after acquiring an additional 1,501,151 shares during the last quarter. William Blair Investment Management LLC increased its position in e.l.f. Beauty by 12.5% in the second quarter. William Blair Investment Management LLC now owns 1,512,180 shares of the company’s stock worth $318,647,000 after buying an additional 168,267 shares in the last quarter. Clearbridge Investments LLC raised its stake 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 worth $265,432,000 after buying an additional 576,383 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of e.l.f. Beauty by 55.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 730,377 shares of the company’s stock valued at $79,633,000 after buying an additional 261,707 shares in the last quarter. Finally, Swedbank AB purchased a new stake in e.l.f. Beauty in the 3rd quarter worth approximately $76,321,000. Hedge funds and other 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.