e.l.f. Beauty (NYSE:ELF) Downgraded by DA Davidson to Neutral

DA Davidson lowered shares of e.l.f. Beauty (NYSE:ELF) from a buy rating to a neutral rating in a report issued on Friday morning, MarketBeat reports. The brokerage currently has $80.00 target price on the stock, down from their previous target price of $170.00.

Several other research analysts also recently commented on ELF. Stifel Nicolaus cut their target price on e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, February 3rd. The Goldman Sachs Group assumed coverage on shares of e.l.f. Beauty in a report on Friday, December 13th. They set a “buy” rating and a $165.00 target price on the stock. Morgan Stanley raised shares of e.l.f. Beauty from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $139.00 to $153.00 in a report on Monday, January 13th. B. Riley dropped their price target on e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. increased their price target 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. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.00.

e.l.f. Beauty Trading Down 19.6 %

Shares of e.l.f. Beauty stock 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 stock has a market capitalization of $4.01 billion, a P/E ratio of 38.44, a P/E/G ratio of 1.74 and a beta of 1.47. e.l.f. Beauty has a 52-week low of $63.50 and a 52-week high of $221.83. The stock’s 50-day simple moving average is $123.67 and its 200 day simple moving average is $128.61.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.41 earnings per share 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%. As a group, research analysts anticipate that e.l.f. Beauty will post 2.8 EPS for the current year.

Insider Activity

In other e.l.f. Beauty news, insider Scott Milsten sold 530 shares of the company’s 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 completion of the sale, the insider now directly owns 68,853 shares of the company’s stock, valued at approximately $9,474,172.80. This represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Maureen C. Watson sold 785 shares of e.l.f. Beauty stock in a transaction on Friday, November 29th. The stock was sold at an average price of $130.00, for a total transaction of $102,050.00. Following the transaction, the director now owns 1,888 shares in the company, valued at $245,440. This represents a 29.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,205 shares of company stock valued at $297,442 over the last three months. Insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of e.l.f. Beauty during the 3rd quarter worth approximately $25,000. Promus Capital LLC purchased a new stake in e.l.f. Beauty in the 4th quarter worth about $31,000. Kestra Investment Management LLC purchased a new position in shares of e.l.f. Beauty during the fourth quarter valued at approximately $32,000. Financial Life Planners bought a new position in shares of e.l.f. Beauty during the fourth quarter valued at approximately $46,000. Finally, Planning Capital Management Corp increased its stake in e.l.f. Beauty by 1,855.0% in the third quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock worth $43,000 after purchasing an additional 371 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

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.