e.l.f. Beauty (NYSE:ELF) Price Target Lowered to $175.00 at Jefferies Financial Group

e.l.f. Beauty (NYSE:ELF) had its price objective reduced by Jefferies Financial Group from $220.00 to $175.00 in a report released on Wednesday, Benzinga reports. They currently have a buy rating on the stock.

ELF has been the subject of a number of other research reports. Stifel Nicolaus cut their target price on shares of e.l.f. Beauty from $161.00 to $131.00 and set a “hold” rating for the company in a research report on Thursday, October 24th. Bank of America dropped their price target on e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. UBS Group reduced their price objective on e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, August 9th. TD Cowen dropped 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 cut their price target on 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 analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $183.80.

e.l.f. Beauty Price Performance

Shares of NYSE:ELF opened at $109.33 on Wednesday. The business has a fifty day moving average price of $119.30 and a 200-day moving average price of $158.52. 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 company has a market capitalization of $6.12 billion, a PE ratio of 49.25, a PEG ratio of 2.22 and a beta of 1.43. e.l.f. Beauty has a 1-year low of $88.47 and a 1-year high of $221.83.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.20. The business had revenue of $324.48 million during the quarter, compared to analyst estimates of $303.60 million. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. As a group, equities analysts expect that e.l.f. Beauty will post 2.88 EPS for the current fiscal year.

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

In related news, CEO Tarang Amin sold 23,528 shares of e.l.f. Beauty stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the sale, the chief executive officer now owns 106,016 shares of the company’s stock, valued at approximately $14,465,883.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.20% of the company’s stock.

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

Several institutional investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC grew its position in shares of e.l.f. Beauty by 43.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,427 shares of the company’s stock valued at $672,000 after purchasing an additional 1,031 shares in the last quarter. State of Michigan Retirement System purchased a new position in e.l.f. Beauty during the 1st quarter valued at approximately $2,666,000. Van ECK Associates Corp increased its stake in e.l.f. Beauty by 36.5% in the 1st quarter. Van ECK Associates Corp now owns 20,925 shares of the company’s stock worth $4,102,000 after acquiring an additional 5,597 shares during the last quarter. Norden Group LLC raised its holdings in shares of e.l.f. Beauty by 3.7% during the 1st quarter. Norden Group LLC now owns 5,670 shares of the company’s stock worth $1,111,000 after acquiring an additional 203 shares in the last quarter. Finally, Retirement Systems of Alabama bought a new position in shares of e.l.f. Beauty during the 1st quarter valued at approximately $15,585,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

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.