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

e.l.f. Beauty (NYSE:ELF) had its price target reduced by Raymond James from $175.00 to $120.00 in a research note released on Friday,Benzinga reports. Raymond James currently has a strong-buy rating on the stock.

ELF has been the subject of a number of other reports. Morgan Stanley restated an “equal weight” rating and set a $70.00 price objective (down from $153.00) on shares of e.l.f. Beauty in a research note on Friday. Stifel Nicolaus lowered their price objective on e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a research report on Monday, February 3rd. UBS Group reissued a “neutral” rating and issued a $74.00 target price (down previously from $158.00) on shares of e.l.f. Beauty in a report on Friday. Canaccord Genuity Group dropped their price objective on e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group started coverage on shares of e.l.f. Beauty in a research note on Friday, December 13th. They set a “buy” rating and a $165.00 target price on the stock. 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. According to MarketBeat, e.l.f. Beauty presently 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. The company has a 50 day simple moving average of $123.67 and a two-hundred day simple moving average of $128.61. e.l.f. Beauty has a fifty-two week low of $63.50 and a fifty-two week high of $221.83. The company has a market capitalization of $4.01 billion, a price-to-earnings ratio of 38.44, a P/E/G ratio of 1.74 and a beta of 1.47.

e.l.f. Beauty (NYSE:ELF) last announced 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 net margin of 8.87% and a return on equity of 19.34%. Analysts expect that e.l.f. Beauty will post 2.8 EPS for the current fiscal year.

Insider Buying and Selling at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 890 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction 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 trade represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Maureen C. Watson sold 785 shares of the company’s stock in a transaction dated 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 transaction, the director now directly 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 disclosure for this sale can be found here. Insiders have sold 2,205 shares of company stock valued at $297,442 over the last 90 days. 3.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB bought a new stake in shares of e.l.f. Beauty during the third quarter valued at approximately $25,000. Promus Capital LLC bought a new position in shares of e.l.f. Beauty during the 4th quarter valued at about $31,000. Kestra Investment Management LLC purchased a new position in shares of e.l.f. Beauty during the fourth quarter valued at about $32,000. Planning Capital Management Corp boosted its stake 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 valued at $43,000 after buying an additional 371 shares during the last quarter. Finally, nVerses Capital LLC purchased a new position in e.l.f. Beauty during the 3rd quarter valued at approximately $44,000. 92.44% of the stock is owned by hedge funds and other 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.