e.l.f. Beauty (NYSE:ELF) Sets New 52-Week Low on Analyst Downgrade

e.l.f. Beauty, Inc. (NYSE:ELF) shares hit a new 52-week low on Monday after Stifel Nicolaus lowered their price target on the stock from $115.00 to $105.00. Stifel Nicolaus currently has a hold rating on the stock. e.l.f. Beauty traded as low as $93.75 and last traded at $93.15, with a volume of 241151 shares traded. The stock had previously closed at $99.91.

ELF has been the subject of a number of other research reports. Jefferies Financial Group lowered their price objective on shares of e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price objective on shares of e.l.f. Beauty from $154.00 to $163.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. The Goldman Sachs Group initiated coverage on shares of e.l.f. Beauty in a research report on Friday, December 13th. They set a “buy” rating and a $165.00 price objective for the company. Deutsche Bank Aktiengesellschaft assumed coverage on shares of e.l.f. Beauty in a research note on Thursday, December 12th. They set a “hold” rating and a $133.00 target price for the company. Finally, Truist Financial upped their price target on shares of 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $168.47.

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

In other e.l.f. Beauty news, insider Scott Milsten sold 530 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $72,928.00. Following the sale, the insider now directly owns 68,853 shares in the company, valued at $9,474,172.80. This trade represents a 0.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Tarang Amin sold 890 shares of the firm’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $122,464.00. Following the completion of the sale, the chief executive officer now owns 99,699 shares in the company, 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. In the last quarter, insiders have sold 2,205 shares of company stock worth $297,442. 3.50% of the stock is currently owned by company insiders.

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

Institutional investors have recently modified their holdings of the stock. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of e.l.f. Beauty by 1,380.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,284 shares of the company’s stock worth $1,775,000 after acquiring an additional 15,184 shares during the last quarter. Ibex Wealth Advisors acquired a new stake in shares of e.l.f. Beauty during the 4th quarter worth approximately $5,519,000. Cetera Investment Advisers grew its position in shares of e.l.f. Beauty by 33.8% during the 2nd quarter. Cetera Investment Advisers now owns 39,319 shares of the company’s stock worth $8,285,000 after buying an additional 9,939 shares during the period. Pacer Advisors Inc. grew its position in shares of e.l.f. Beauty by 43.4% during the 4th quarter. Pacer Advisors Inc. now owns 11,802 shares of the company’s stock worth $1,482,000 after buying an additional 3,572 shares during the period. Finally, Capricorn Fund Managers Ltd acquired a new stake in shares of e.l.f. Beauty during the 4th quarter worth approximately $7,118,000. 92.44% of the stock is owned by institutional investors.

e.l.f. Beauty Stock Performance

The firm’s 50-day moving average price is $126.69 and its 200 day moving average price is $130.36. 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 market cap of $5.28 billion, a price-to-earnings ratio of 50.47, a PEG ratio of 1.74 and a beta of 1.47.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.34. The firm had revenue of $301.10 million during the quarter, compared to analysts’ expectations of $289.43 million. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The business’s revenue for the quarter was up 39.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.66 earnings per share. On average, sell-side analysts anticipate that e.l.f. Beauty, Inc. will post 2.8 EPS for the current year.

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.