e.l.f. Beauty (NYSE:ELF) Reaches New 12-Month Low – Here’s Why

e.l.f. Beauty, Inc. (NYSE:ELF) shares reached a new 52-week low on Friday . The stock traded as low as $60.35 and last traded at $61.16, with a volume of 314214 shares traded. The stock had previously closed at $62.41.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of e.l.f. Beauty from $154.00 to $163.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. 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 research report on Wednesday, December 18th. Stifel Nicolaus dropped their price objective on shares of e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, February 3rd. The Goldman Sachs Group dropped their price objective on shares of e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Finally, DA Davidson dropped their price objective on shares of e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating for the company in a research note on Monday. Five 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.65.

e.l.f. Beauty Price Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. The stock has a market cap of $3.50 billion, a PE ratio of 36.69, a PEG ratio of 6.76 and a beta of 1.60. The stock’s 50-day moving average is $86.96 and its two-hundred day moving average is $108.72.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates 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, equities analysts predict that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

Insiders Place Their Bets

In other e.l.f. Beauty news, Director Maureen C. Watson sold 4,000 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $67.39, for a total transaction of $269,560.00. Following the sale, the director now directly owns 1,888 shares in the company, valued at $127,232.32. This represents a 67.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On e.l.f. Beauty

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of e.l.f. Beauty by 42.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 8,347 shares of the company’s stock valued at $1,048,000 after purchasing an additional 2,505 shares in the last quarter. Brooklyn FI LLC acquired a new stake in shares of e.l.f. Beauty in the 4th quarter valued at $422,000. Mackenzie Financial Corp raised its holdings in shares of e.l.f. Beauty by 107.1% in the 4th quarter. Mackenzie Financial Corp now owns 513,647 shares of the company’s stock valued at $64,488,000 after purchasing an additional 265,569 shares in the last quarter. GTS Securities LLC raised its holdings in shares of e.l.f. Beauty by 102.7% in 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 acquired a new stake in shares of e.l.f. Beauty in the 4th quarter valued at $1,256,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

e.l.f. Beauty Company Profile

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.