Piper Sandler Cuts e.l.f. Beauty (NYSE:ELF) Price Target to $90.00

e.l.f. Beauty (NYSE:ELF) had its price objective reduced by Piper Sandler from $102.00 to $90.00 in a research report sent to investors on Monday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research firms also recently issued reports on ELF. Canaccord Genuity Group cut their price objective on shares of e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating for the company in a report on Friday, February 7th. Morgan Stanley reiterated an “equal weight” rating and issued a $70.00 price target (down from $153.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Truist Financial raised their price objective on e.l.f. Beauty from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. The Goldman Sachs Group cut their target price on e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. raised their price target on e.l.f. Beauty from $154.00 to $163.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $130.24.

e.l.f. Beauty Trading Up 5.8 %

Shares of ELF stock opened at $67.99 on Monday. e.l.f. Beauty has a 12-month low of $60.35 and a 12-month high of $219.77. The company has a market capitalization of $3.83 billion, a PE ratio of 40.23, a price-to-earnings-growth ratio of 6.76 and a beta of 1.41. The firm has a 50 day moving average price of $75.77 and a two-hundred day moving average price of $104.77. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. As a group, analysts predict that e.l.f. Beauty will post 2.38 earnings per share for the current year.

Insider Activity

In other e.l.f. Beauty news, Director Maureen C. Watson sold 4,000 shares of the company’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $67.39, for a total value of $269,560.00. Following the completion of the transaction, the director now owns 1,888 shares of the company’s stock, valued at $127,232.32. This represents a 67.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.50% of the stock is owned by corporate insiders.

Institutional Trading of e.l.f. Beauty

Several hedge funds and other institutional investors have recently made changes to their positions in ELF. Principal Financial Group Inc. boosted its position in e.l.f. Beauty by 149.8% during the 4th quarter. Principal Financial Group Inc. now owns 328,557 shares of the company’s stock worth $41,250,000 after buying an additional 197,028 shares during the period. Global Retirement Partners LLC raised its stake in shares of e.l.f. Beauty by 441.0% during the fourth quarter. Global Retirement Partners LLC now owns 8,283 shares of the company’s stock valued at $1,040,000 after acquiring an additional 6,752 shares during the last quarter. Robbins Farley lifted its holdings in shares of e.l.f. Beauty by 27.1% during the fourth quarter. Robbins Farley now owns 34,396 shares of the company’s stock worth $4,318,000 after purchasing an additional 7,335 shares during the period. Pacer Advisors Inc. grew its stake in shares of e.l.f. Beauty by 43.4% in 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. Finally, Ibex Wealth Advisors acquired a new stake in e.l.f. Beauty in the fourth quarter valued at $5,519,000. 92.44% of the stock is currently 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.