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

e.l.f. Beauty (NYSE:ELF) was downgraded by research analysts at DA Davidson from a “buy” rating to a “neutral” rating in a note issued to investors on Friday,Finviz reports. They presently have a $80.00 target price on the stock, down from their previous target price of $170.00. DA Davidson’s target price indicates a potential downside of 9.87% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. boosted 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. Truist Financial boosted their target price on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Piper Sandler reduced their price target on shares of e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating on the stock in a research report on Wednesday. UBS Group increased their price objective on e.l.f. Beauty from $156.00 to $158.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Finally, Stifel Nicolaus decreased their price target on e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a research note on Monday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $161.06.

e.l.f. Beauty Stock Up 1.6 %

e.l.f. Beauty stock opened at $88.76 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. The stock has a market capitalization of $5.00 billion, a PE ratio of 47.98, a price-to-earnings-growth ratio of 1.74 and a beta of 1.47. The business has a 50 day simple moving average of $124.44 and a 200-day simple moving average of $128.89. e.l.f. Beauty has a 12 month low of $85.41 and a 12 month high of $221.83.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results 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 8.87% and a return on equity of 19.34%. On average, analysts anticipate that e.l.f. Beauty will post 2.8 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Tarang Amin sold 890 shares of the business’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 $122,464.00. Following the completion of the sale, the chief executive officer now owns 99,699 shares in the company, valued at approximately $13,718,582.40. The trade was a 0.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Maureen C. Watson sold 785 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $130.00, for a total transaction of $102,050.00. Following the completion of the transaction, the director now directly owns 1,888 shares in the company, valued at $245,440. This trade represents a 29.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,205 shares of company stock worth $297,442 in the last 90 days. Corporate insiders own 3.50% of the company’s stock.

Institutional Trading of e.l.f. Beauty

A number of large investors have recently made changes to their positions in the company. Lisanti Capital Growth LLC purchased a new position in shares of e.l.f. Beauty during the fourth quarter worth approximately $5,403,000. Inceptionr LLC purchased a new position in shares of e.l.f. Beauty in the 4th quarter valued at approximately $526,000. Raymond James Financial Inc. acquired a new position in shares of e.l.f. Beauty in the fourth quarter valued at approximately $68,775,000. Promus Capital LLC purchased a new stake in shares of e.l.f. Beauty during the fourth quarter worth approximately $31,000. Finally, Arizona State Retirement System grew its position in e.l.f. Beauty by 0.8% in the 4th quarter. Arizona State Retirement System now owns 16,365 shares of the company’s stock valued at $2,055,000 after buying an additional 128 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

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.