e.l.f. Beauty (NYSE:ELF) Stock Price Down 3.4% Following Analyst Downgrade

e.l.f. Beauty, Inc. (NYSE:ELF)’s stock price was down 3.4% during mid-day trading on Monday after DA Davidson lowered their price target on the stock from $80.00 to $75.00. DA Davidson currently has a neutral rating on the stock. e.l.f. Beauty traded as low as $65.40 and last traded at $65.84. Approximately 584,864 shares traded hands during trading, a decline of 73% from the average daily volume of 2,202,128 shares. The stock had previously closed at $68.18.

A number of other analysts also recently issued reports on ELF. JPMorgan Chase & Co. lifted their price target on 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. B. Riley reissued a “buy” rating and issued a $90.00 price target (down previously from $150.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Morgan Stanley restated an “equal weight” rating and set a $70.00 price objective (down previously from $153.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. UBS Group reiterated a “neutral” rating and issued a $74.00 target price (down from $158.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Finally, Raymond James reduced their target price on e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating on the stock in a research note on Friday, February 7th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $132.65.

Insider Buying and Selling

In other e.l.f. Beauty news, Director Maureen C. Watson sold 4,000 shares of the stock in a transaction that occurred on 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 sale, the director now owns 1,888 shares in the company, valued at approximately $127,232.32. This trade represents a 67.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.50% of the stock is owned by corporate insiders.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in ELF. Nemes Rush Group LLC bought a new stake in shares of e.l.f. Beauty during the 4th quarter valued at about $27,000. 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. Orion Capital Management LLC purchased a new position in shares of e.l.f. Beauty in the fourth quarter worth $30,000. Promus Capital LLC purchased a new position in e.l.f. Beauty in the 4th quarter worth about $31,000. Finally, Kestra Investment Management LLC bought a new position in e.l.f. Beauty during the fourth quarter valued at approximately $32,000. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Price Performance

The stock has a market capitalization of $3.59 billion, a P/E ratio of 37.65, a PEG ratio of 6.76 and a beta of 1.60. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. The firm has a fifty day moving average price of $89.54 and a two-hundred day moving average price of $109.36.

e.l.f. Beauty (NYSE:ELF) last issued 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 7.55% and a return on equity of 16.88%. As a group, analysts expect that e.l.f. Beauty, Inc. will post 2.38 EPS for the current fiscal year.

About e.l.f. Beauty

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.