e.l.f. Beauty (NYSE:ELF) Given “Neutral” Rating at UBS Group

e.l.f. Beauty (NYSE:ELF)‘s stock had its “neutral” rating reissued by research analysts at UBS Group in a report issued on Friday,Benzinga reports. They currently have a $74.00 target price on the stock, down from their previous target price of $158.00. UBS Group’s price objective would indicate a potential downside of 16.63% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Truist Financial boosted their price objective 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. Jefferies Financial Group lowered their price target on shares of e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. 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. DA Davidson lowered e.l.f. Beauty from a “buy” rating to a “neutral” rating and reduced their target price for the company from $170.00 to $80.00 in a research note on Friday. Finally, The Goldman Sachs Group began coverage on e.l.f. Beauty in a research report on Friday, December 13th. They set a “buy” rating and a $165.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $151.24.

e.l.f. Beauty Trading Up 1.6 %

NYSE:ELF opened at $88.76 on Friday. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. The stock’s 50 day simple moving average is $124.44 and its 200-day simple moving average is $128.89. e.l.f. Beauty has a 12-month low of $85.41 and a 12-month high of $221.83. The firm has a market cap of $5.00 billion, a P/E ratio of 47.98, a PEG ratio of 1.74 and a beta of 1.47.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. Equities analysts anticipate that e.l.f. Beauty will post 2.8 EPS for the current year.

Insider Buying and Selling

In other news, Director Maureen C. Watson sold 785 shares of the company’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $130.00, for a total transaction of $102,050.00. Following the completion of the sale, the director now directly owns 1,888 shares in the company, valued at $245,440. This represents a 29.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Scott Milsten sold 530 shares of e.l.f. Beauty stock in a transaction on Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $72,928.00. Following the completion of the transaction, the insider now owns 68,853 shares in the company, valued at $9,474,172.80. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,205 shares of company stock valued at $297,442. Insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Truist Financial Corp raised its stake in shares of e.l.f. Beauty by 60.6% in the 2nd quarter. Truist Financial Corp now owns 6,824 shares of the company’s stock valued at $1,438,000 after acquiring an additional 2,576 shares during the period. Sanctuary Advisors LLC purchased a new position in e.l.f. Beauty in the second quarter valued at about $1,102,000. Handelsbanken Fonder AB lifted its stake in shares of e.l.f. Beauty by 18.7% during the third quarter. Handelsbanken Fonder AB now owns 14,600 shares of the company’s stock worth $1,592,000 after purchasing an additional 2,300 shares in the last quarter. NBC Securities Inc. boosted its holdings in e.l.f. Beauty by 2,181.7% in the 3rd quarter. NBC Securities Inc. now owns 4,746 shares of the company’s stock worth $517,000 after acquiring an additional 4,538 shares during the period. Finally, Swedbank AB acquired a new stake in e.l.f. Beauty in the third quarter valued at approximately $76,321,000. 92.44% of the stock is 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.