DA Davidson Cuts e.l.f. Beauty (NYSE:ELF) Price Target to $75.00

e.l.f. Beauty (NYSE:ELF) had its target price cut by DA Davidson from $80.00 to $75.00 in a research report report published on Monday morning, MarketBeat.com reports. They currently have a neutral rating on the stock.

Several other brokerages also recently weighed in on ELF. B. Riley reiterated a “buy” rating and issued a $90.00 price target (down from $150.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Piper Sandler decreased their target price on e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Truist Financial upped their price target on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. lifted their price objective on shares of e.l.f. Beauty from $154.00 to $163.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Finally, Stifel Nicolaus dropped their target price on shares of e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a research note on Monday, February 3rd. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $132.65.

e.l.f. Beauty Stock Down 0.1 %

Shares of ELF opened at $63.56 on Monday. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. The business has a fifty day moving average of $88.26 and a 200 day moving average of $109.04. The company has a market cap of $3.58 billion, a PE ratio of 37.61, a P/E/G ratio of 6.76 and a beta of 1.60. e.l.f. Beauty has a 52-week low of $61.90 and a 52-week high of $219.77.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. On average, sell-side analysts expect that e.l.f. Beauty will post 2.38 EPS for the current year.

Insiders Place Their Bets

In other e.l.f. Beauty news, Director Maureen C. Watson sold 4,000 shares of e.l.f. Beauty stock in a transaction on Friday, March 7th. The shares were sold at an average price of $67.39, for a total value of $269,560.00. Following the transaction, the director now directly owns 1,888 shares of the company’s stock, valued at approximately $127,232.32. The trade was a 67.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.50% of the stock is currently owned by corporate insiders.

Institutional Trading of e.l.f. Beauty

A number of institutional investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC raised its stake in e.l.f. Beauty by 42.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 8,347 shares of the company’s stock valued at $1,048,000 after buying an additional 2,505 shares during the last quarter. Brooklyn FI LLC acquired a new stake in e.l.f. Beauty in the 4th quarter worth approximately $422,000. Mackenzie Financial Corp grew its position in e.l.f. Beauty by 107.1% during the 4th quarter. Mackenzie Financial Corp now owns 513,647 shares of the company’s stock worth $64,488,000 after purchasing an additional 265,569 shares during the last quarter. GTS Securities LLC increased its stake in e.l.f. Beauty by 102.7% during the 4th quarter. GTS Securities LLC now owns 1,806 shares of the company’s stock valued at $227,000 after purchasing an additional 68,410 shares in the last quarter. Finally, Pinnacle Investment Management Ltd purchased a new position in shares of e.l.f. Beauty in the fourth quarter worth $1,256,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

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.