e.l.f. Beauty (NYSE:ELF) Price Target Cut to $190.00 by Analysts at Bank of America

e.l.f. Beauty (NYSE:ELF) had its price target reduced by Bank of America from $230.00 to $190.00 in a report issued on Monday, Marketbeat Ratings reports. Bank of America currently has a buy rating on the stock.

ELF has been the topic of several other reports. Truist Financial upped their target price on e.l.f. Beauty from $200.00 to $210.00 and gave the company a buy rating in a research report on Wednesday, May 29th. Canaccord Genuity Group upped their price target on shares of e.l.f. Beauty from $214.00 to $250.00 and gave the company a buy rating in a report on Tuesday, June 18th. Piper Sandler reaffirmed an overweight rating and issued a $260.00 price target on shares of e.l.f. Beauty in a report on Monday, August 26th. TD Cowen upped their price target on shares of e.l.f. Beauty from $190.00 to $235.00 and gave the company a buy rating in a report on Tuesday, June 4th. Finally, Canaccord Genuity Group upped their price target on shares of e.l.f. Beauty from $214.00 to $250.00 and gave the company a buy rating in a report on Tuesday, June 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, e.l.f. Beauty presently has a consensus rating of Moderate Buy and a consensus price target of $211.00.

e.l.f. Beauty Stock Up 3.3 %

Shares of NYSE:ELF opened at $114.08 on Monday. e.l.f. Beauty has a 1 year low of $88.47 and a 1 year high of $221.83. The business has a 50 day simple moving average of $166.36 and a two-hundred day simple moving average of $178.90. The firm has a market capitalization of $6.43 billion, a PE ratio of 51.39, a price-to-earnings-growth ratio of 2.55 and a beta of 1.45. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.77 and a quick ratio of 1.10.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.20. The company had revenue of $324.48 million during the quarter, compared to the consensus estimate of $303.60 million. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. On average, equities analysts predict that e.l.f. Beauty will post 2.88 EPS for the current year.

Insider Transactions at e.l.f. Beauty

In other news, SVP Joshua Allen Franks sold 3,370 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $201.28, for a total transaction of $678,313.60. Following the completion of the sale, the senior vice president now owns 71,986 shares in the company, valued at approximately $14,489,342.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Joshua Allen Franks sold 3,370 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $201.28, for a total transaction of $678,313.60. Following the completion of the sale, the senior vice president now owns 71,986 shares in the company, valued at approximately $14,489,342.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tarang Amin sold 548 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $175.00, for a total transaction of $95,900.00. Following the transaction, the chief executive officer now directly owns 214,507 shares of the company’s stock, valued at approximately $37,538,725. The disclosure for this sale can be found here. Insiders sold 19,304 shares of company stock worth $3,864,492 in the last 90 days. Insiders own 5.20% of the company’s stock.

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

A number of hedge funds have recently made changes to their positions in the stock. Newbridge Financial Services Group Inc. boosted its position in shares of e.l.f. Beauty by 505.0% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 605 shares of the company’s stock worth $127,000 after purchasing an additional 505 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of e.l.f. Beauty during the 2nd quarter worth approximately $1,102,000. Clearbridge Investments LLC boosted its position in shares of e.l.f. Beauty by 84.4% during the 2nd quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock worth $265,432,000 after purchasing an additional 576,383 shares during the period. Cetera Investment Advisers boosted 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 purchasing an additional 9,939 shares during the period. Finally, Truist Financial Corp boosted its position in e.l.f. Beauty by 60.6% in the 2nd quarter. Truist Financial Corp now owns 6,824 shares of the company’s stock valued at $1,438,000 after buying an additional 2,576 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, 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.