e.l.f. Beauty (NYSE:ELF) Sets New 52-Week Low – Here’s Why

e.l.f. Beauty, Inc. (NYSE:ELF)’s stock price hit a new 52-week low on Tuesday . The company traded as low as $62.20 and last traded at $63.61, with a volume of 180165 shares. The stock had previously closed at $63.81.

Analysts Set New Price Targets

ELF has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft started coverage on shares of e.l.f. Beauty in a research note on Thursday, December 12th. They issued a “hold” rating and a $133.00 price objective for the company. Canaccord Genuity Group lowered their price target on shares of e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Piper Sandler reduced their price objective on shares of e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Stifel Nicolaus dropped their price target on shares of e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating for the company in a research report on Monday, February 3rd. Finally, Morgan Stanley restated an “equal weight” rating and set a $70.00 price target (down previously from $153.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $132.94.

e.l.f. Beauty Price Performance

The business has a 50-day moving average of $102.87 and a 200 day moving average of $116.52. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $3.57 billion, a P/E ratio of 37.53, a price-to-earnings-growth ratio of 6.76 and a beta of 1.47.

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 net margin of 7.55% and a return on equity of 16.88%. On average, sell-side analysts predict that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

Insider Activity at e.l.f. Beauty

In other news, CEO Tarang Amin sold 890 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Scott Milsten sold 530 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $72,928.00. Following the transaction, the insider now owns 68,853 shares of the company’s stock, 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. 3.50% of the stock is currently owned by company insiders.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in e.l.f. Beauty during the third quarter valued at $25,000. Nemes Rush Group LLC purchased a new stake in e.l.f. Beauty in the 4th quarter valued at about $27,000. Orion Capital Management LLC purchased a new stake in e.l.f. Beauty in the 4th quarter valued at about $30,000. Promus Capital LLC bought a new position in e.l.f. Beauty in the 4th quarter worth about $31,000. Finally, Kestra Investment Management LLC purchased a new position in shares of e.l.f. Beauty during the fourth quarter worth approximately $32,000. 92.44% of the stock is owned by institutional investors.

e.l.f. Beauty Company Profile

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.