e.l.f. Beauty (NYSE:ELF) Given New $142.00 Price Target at The Goldman Sachs Group

e.l.f. Beauty (NYSE:ELF) had its target price trimmed by The Goldman Sachs Group from $165.00 to $142.00 in a report issued on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research firms also recently weighed in on ELF. B. Riley reissued a “buy” rating and set a $90.00 target price (down previously from $150.00) on shares of e.l.f. Beauty in a research report on Friday. UBS Group reiterated a “neutral” rating and set a $74.00 price objective (down from $158.00) on shares of e.l.f. Beauty in a research report on Friday. Jefferies Financial Group dropped their target price on shares of e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Piper Sandler decreased their price target on e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Canaccord Genuity Group lowered their price objective on e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating for the company in a research report on Friday. Five investment analysts have rated the stock with 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $134.00.

e.l.f. Beauty Price Performance

Shares of NYSE:ELF opened at $71.12 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78. e.l.f. Beauty has a 52 week low of $63.50 and a 52 week high of $221.83. The firm has a market cap of $4.01 billion, a PE ratio of 38.44, a price-to-earnings-growth ratio of 1.74 and a beta of 1.47. The firm’s fifty day moving average is $123.67 and its 200-day moving average is $128.61.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing the consensus estimate 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%. Sell-side analysts predict that e.l.f. Beauty will post 2.8 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Maureen C. Watson sold 785 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $245,440. This trade represents a 29.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tarang Amin sold 890 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 $122,464.00. Following the sale, the chief executive officer now directly owns 99,699 shares of the company’s stock, valued at $13,718,582.40. This represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,205 shares of company stock worth $297,442 in the last ninety days. Corporate insiders own 3.50% of the company’s stock.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Robbins Farley grew its stake in shares of e.l.f. Beauty by 27.1% in the 4th quarter. Robbins Farley now owns 34,396 shares of the company’s stock worth $4,318,000 after acquiring an additional 7,335 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in e.l.f. Beauty by 43.4% during the fourth quarter. Pacer Advisors Inc. now owns 11,802 shares of the company’s stock worth $1,482,000 after purchasing an additional 3,572 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in e.l.f. Beauty by 1,380.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,284 shares of the company’s stock worth $1,775,000 after purchasing an additional 15,184 shares in the last quarter. Ibex Wealth Advisors purchased a new stake in e.l.f. Beauty in the 4th quarter valued at about $5,519,000. Finally, Capricorn Fund Managers Ltd bought a new position in shares of e.l.f. Beauty during the 4th quarter worth approximately $7,118,000. 92.44% of the stock is owned by hedge funds and other 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.