e.l.f. Beauty (NYSE:ELF) Trading Down 0.5%

e.l.f. Beauty, Inc. (NYSE:ELF)’s stock price fell 0.5% on Thursday . The stock traded as low as $135.23 and last traded at $136.57. 226,229 shares were traded during trading, a decline of 86% from the average session volume of 1,662,121 shares. The stock had previously closed at $137.32.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ELF. TD Cowen boosted their price objective on shares of e.l.f. Beauty from $190.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Bank of America upped their price target on shares of e.l.f. Beauty from $220.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Canaccord Genuity Group upped 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. DA Davidson reiterated a “buy” rating and issued a $223.00 price target on shares of e.l.f. Beauty in a research report on Thursday, August 29th. Finally, JPMorgan Chase & Co. reduced 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. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $216.43.

e.l.f. Beauty Stock Performance

The company has a current ratio of 1.77, a quick ratio of 1.10 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $6.86 billion, a price-to-earnings ratio of 55.23, a PEG ratio of 3.12 and a beta of 1.46. The stock’s 50 day moving average price is $171.80 and its two-hundred day moving average price is $180.25.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly 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 analysts’ expectations of $303.60 million. On average, analysts forecast that e.l.f. Beauty, Inc. will post 2.88 EPS for the current year.

Insider Transactions at e.l.f. Beauty

In related news, CEO Tarang Amin sold 548 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $175.00, for a total value of $95,900.00. Following the sale, the chief executive officer now directly owns 214,507 shares of the company’s stock, valued at approximately $37,538,725. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Tarang Amin sold 548 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $175.00, for a total value of $95,900.00. Following the sale, the chief executive officer now directly owns 214,507 shares of the company’s stock, valued at approximately $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 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 directly owns 71,986 shares in the company, valued at $14,489,342.08. The disclosure for this sale can be found here. Insiders have sold a total of 19,304 shares of company stock valued at $3,864,492 in the last ninety days. 5.20% of the stock is currently owned by company insiders.

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

Large investors have recently added to or reduced their stakes in the business. Truist Financial Corp lifted its holdings in e.l.f. Beauty by 18.8% in the 4th quarter. Truist Financial Corp now owns 7,245 shares of the company’s stock valued at $1,046,000 after purchasing an additional 1,146 shares in the last quarter. Precision Wealth Strategies LLC purchased a new position in e.l.f. Beauty in the 4th quarter valued at about $254,000. Victory Capital Management Inc. lifted its holdings in e.l.f. Beauty by 94.4% in the 4th quarter. Victory Capital Management Inc. now owns 95,329 shares of the company’s stock valued at $13,760,000 after purchasing an additional 46,279 shares in the last quarter. Natixis Advisors L.P. lifted its holdings in e.l.f. Beauty by 4.4% in the 4th quarter. Natixis Advisors L.P. now owns 19,701 shares of the company’s stock valued at $2,843,000 after purchasing an additional 830 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in e.l.f. Beauty by 4.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 631,550 shares of the company’s stock valued at $91,158,000 after purchasing an additional 24,191 shares in the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

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.