e.l.f. Beauty (NYSE:ELF) Given New $131.00 Price Target at Piper Sandler

e.l.f. Beauty (NYSE:ELF) had its target price reduced by equities research analysts at Piper Sandler from $167.00 to $131.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s price target indicates a potential upside of 49.97% from the company’s previous close.

Several other equities analysts have also issued reports on the company. Jefferies Financial Group decreased their price objective on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft began coverage on shares of e.l.f. Beauty in a research report on Thursday, December 12th. They set a “hold” rating and a $133.00 price objective for the company. B. Riley reduced their target price on shares of e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Morgan Stanley raised e.l.f. Beauty from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $139.00 to $153.00 in a research note on Monday, January 13th. Finally, The Goldman Sachs Group began coverage on e.l.f. Beauty in a research report on Friday, December 13th. They set a “buy” rating and a $165.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and an average price target of $166.35.

e.l.f. Beauty Trading Down 1.2 %

Shares of NYSE:ELF traded down $1.09 during midday trading on Wednesday, hitting $87.35. The company had a trading volume of 1,736,629 shares, compared to its average volume of 1,964,715. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. e.l.f. Beauty has a 12 month low of $85.41 and a 12 month high of $221.83. The firm has a fifty day simple moving average of $125.24 and a 200 day simple moving average of $129.18. The stock has a market cap of $4.92 billion, a price-to-earnings ratio of 47.15, a PEG ratio of 1.74 and a beta of 1.47.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.34. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The company had revenue of $301.10 million during the quarter, compared to analyst estimates of $289.43 million. During the same period in the previous year, the company earned $0.66 EPS. The company’s revenue for the quarter was up 39.7% compared to the same quarter last year. On average, analysts predict that e.l.f. Beauty will post 2.8 EPS for the current year.

Insider Transactions at e.l.f. Beauty

In other news, Director Maureen C. Watson sold 785 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $130.00, for a total value of $102,050.00. Following the completion of the sale, the director now directly owns 1,888 shares of the company’s stock, valued at $245,440. This trade represents a 29.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Scott Milsten sold 530 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $72,928.00. Following the transaction, the insider now directly owns 68,853 shares in the company, valued at $9,474,172.80. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,205 shares of company stock worth $297,442 in the last ninety days. Insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On e.l.f. Beauty

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of e.l.f. Beauty during the 3rd quarter worth about $25,000. Kestra Investment Management LLC bought a new position in e.l.f. Beauty in the 4th quarter valued at about $32,000. Planning Capital Management Corp lifted its position in e.l.f. Beauty by 1,855.0% during the third quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock worth $43,000 after acquiring an additional 371 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of e.l.f. Beauty during the third quarter worth approximately $44,000. Finally, Peterson Financial Group Inc. acquired a new position in shares of e.l.f. Beauty in the third quarter valued at approximately $45,000. 92.44% of the stock is owned by institutional investors.

About e.l.f. Beauty

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.