B. Riley Lowers e.l.f. Beauty (NYSE:ELF) Price Target to $150.00

e.l.f. Beauty (NYSE:ELF) had its price target cut by B. Riley from $175.00 to $150.00 in a report released on Thursday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also issued reports on the company. JPMorgan Chase & Co. decreased their price target on e.l.f. Beauty from $167.00 to $154.00 and set an “overweight” rating for the company in a research note on Thursday. Bank of America cut their price target on shares of e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Piper Sandler reaffirmed an “overweight” rating and issued a $165.00 price target (up previously from $162.00) on shares of e.l.f. Beauty in a research note on Thursday. Canaccord Genuity Group reduced their price objective on e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Jefferies Financial Group cut their price target on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, e.l.f. Beauty has a consensus rating of “Moderate Buy” and a consensus price target of $173.53.

e.l.f. Beauty Trading Up 3.5 %

Shares of NYSE:ELF traded up $4.08 during trading on Thursday, hitting $120.15. The company had a trading volume of 3,872,222 shares, compared to its average volume of 1,892,833. 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 fifty day simple moving average of $113.06 and a two-hundred day simple moving average of $156.17. The stock has a market cap of $6.78 billion, a price-to-earnings ratio of 55.27, a price-to-earnings-growth ratio of 2.16 and a beta of 1.44. e.l.f. Beauty has a one year low of $92.16 and a one year high of $221.83.

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

Insider Buying and Selling

In other news, CEO Tarang Amin sold 23,528 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now owns 106,016 shares in the company, valued at approximately $14,465,883.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.50% of the stock is currently owned by company insiders.

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

Several hedge funds have recently modified their holdings of ELF. Baillie Gifford & Co. acquired a new stake in e.l.f. Beauty during the 2nd quarter worth about $801,693,000. Swedbank AB acquired a new stake in shares of e.l.f. Beauty during the third quarter worth about $76,321,000. Clearbridge Investments LLC purchased a new stake in e.l.f. Beauty in the first quarter valued at approximately $133,940,000. Thrivent Financial for Lutherans increased its holdings in e.l.f. Beauty by 223.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 555,287 shares of the company’s stock worth $60,543,000 after buying an additional 383,478 shares during the period. Finally, 1832 Asset Management L.P. acquired a new position in e.l.f. Beauty in the 1st quarter worth approximately $61,299,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

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.