Raymond James Cuts e.l.f. Beauty (NYSE:ELF) Price Target to $120.00

e.l.f. Beauty (NYSE:ELF) had its price target decreased by equities research analysts at Raymond James from $175.00 to $120.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “strong-buy” rating on the stock. Raymond James’ price objective suggests a potential upside of 70.71% from the company’s current price.

A number of other equities analysts also recently issued reports on the stock. Stifel Nicolaus dropped their price objective on shares of e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a report on Monday. DA Davidson downgraded shares of e.l.f. Beauty from a “buy” rating to a “neutral” rating and lowered their price target for the company from $170.00 to $80.00 in a report on Friday. Truist Financial lifted their price target on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Bank of America lowered their price target on shares of e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Finally, The Goldman Sachs Group began coverage on shares of e.l.f. Beauty in a report on Friday, December 13th. They set a “buy” rating and a $165.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $140.94.

e.l.f. Beauty Stock Performance

Shares of NYSE ELF traded down $18.20 during trading on Friday, reaching $70.29. 17,469,758 shares of the company traded hands, compared to its average volume of 2,843,022. The firm has a 50 day simple moving average of $123.67 and a 200-day simple moving average of $128.61. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $3.96 billion, a PE ratio of 37.55, a P/E/G ratio of 1.74 and a beta of 1.47. e.l.f. Beauty has a 52-week low of $63.50 and a 52-week high of $221.83.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. Equities research analysts anticipate that e.l.f. Beauty will post 2.8 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Maureen C. Watson sold 785 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $130.00, for a total value of $102,050.00. Following the transaction, the director now owns 1,888 shares in the company, valued at approximately $245,440. This represents a 29.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Scott Milsten sold 530 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $72,928.00. Following the completion of the transaction, the insider now owns 68,853 shares in the company, valued at approximately $9,474,172.80. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,205 shares of company stock valued at $297,442 over the last three months. 3.50% of the stock is owned by company insiders.

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

Several hedge funds and other institutional investors have recently bought and sold shares of ELF. Baillie Gifford & Co. boosted its position in e.l.f. Beauty by 51.0% in the 4th quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company’s stock worth $1,005,584,000 after purchasing an additional 2,703,742 shares in the last quarter. State Street Corp boosted its position in e.l.f. Beauty by 3.7% in the 3rd quarter. State Street Corp now owns 1,665,203 shares of the company’s stock worth $181,557,000 after purchasing an additional 59,248 shares in the last quarter. FMR LLC boosted its position in e.l.f. Beauty by 5.5% in the 3rd quarter. FMR LLC now owns 1,186,766 shares of the company’s stock worth $129,393,000 after purchasing an additional 61,524 shares in the last quarter. Champlain Investment Partners LLC purchased a new stake in e.l.f. Beauty in the 3rd quarter worth approximately $121,558,000. Finally, Geode Capital Management LLC boosted its position in e.l.f. Beauty by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 955,064 shares of the company’s stock worth $104,158,000 after purchasing an additional 24,778 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

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.