e.l.f. Beauty (NYSE:ELF) Price Target Lowered to $170.00 at DA Davidson

e.l.f. Beauty (NYSE:ELF) had its price objective decreased by DA Davidson from $223.00 to $170.00 in a research report report published on Thursday morning,Benzinga reports. DA Davidson currently has a buy rating on the stock.

A number of other analysts have also issued reports on the company. Bank of America cut their target price on e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Baird R W raised e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 18th. JPMorgan Chase & Co. cut their target price on e.l.f. Beauty from $207.00 to $167.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. TD Cowen cut their target price on e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. Finally, Piper Sandler dropped their price target on shares of e.l.f. Beauty from $260.00 to $162.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $173.53.

e.l.f. Beauty Trading Up 3.6 %

Shares of ELF stock traded up $4.13 during trading on Thursday, hitting $120.20. 3,876,923 shares of the stock traded hands, compared to its average volume of 2,392,683. The firm has a market capitalization of $6.78 billion, a P/E ratio of 64.97, a price-to-earnings-growth ratio of 2.17 and a beta of 1.44. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.77 and a quick ratio of 1.10. The firm’s fifty day moving average price is $112.47 and its 200-day moving average price is $155.89. e.l.f. Beauty has a 52-week low of $92.16 and a 52-week high of $221.83.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.43 by $0.34. The firm had revenue of $301.10 million for the quarter, compared to analyst estimates of $289.43 million. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.89%. The business’s revenue for the quarter was up 39.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.66 EPS. As a group, research analysts forecast that e.l.f. Beauty will post 2.88 earnings per share for the current fiscal year.

Insider Buying and Selling

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,528 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the transaction, the chief executive officer now directly owns 106,016 shares in the company, valued at approximately $14,465,883.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.50% of the stock is currently owned by corporate insiders.

Institutional Trading of e.l.f. Beauty

Several large investors have recently modified their holdings of the business. Baillie Gifford & Co. grew its position in shares of e.l.f. Beauty by 39.5% in the third quarter. Baillie Gifford & Co. now owns 5,305,692 shares of the company’s stock valued at $578,480,000 after purchasing an additional 1,501,151 shares during the last quarter. William Blair Investment Management LLC boosted its position in e.l.f. Beauty by 12.5% during the second quarter. William Blair Investment Management LLC now owns 1,512,180 shares of the company’s stock worth $318,647,000 after acquiring an additional 168,267 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in shares of e.l.f. Beauty by 84.4% in the 2nd quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock valued at $265,432,000 after purchasing an additional 576,383 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of e.l.f. Beauty by 55.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 730,377 shares of the company’s stock valued at $79,633,000 after purchasing an additional 261,707 shares during the last quarter. Finally, Swedbank AB acquired a new position in shares of e.l.f. Beauty during the 3rd quarter valued at $76,321,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

About e.l.f. Beauty

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.