e.l.f. Beauty (NYSE:ELF) Price Target Lowered to $105.00 at Canaccord Genuity Group

e.l.f. Beauty (NYSE:ELF) had its price target trimmed by Canaccord Genuity Group from $174.00 to $105.00 in a report released on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts have also weighed in on the stock. JPMorgan Chase & Co. boosted their target price 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. Deutsche Bank Aktiengesellschaft assumed coverage on e.l.f. Beauty in a research report on Thursday, December 12th. They issued a “hold” rating and a $133.00 price target on the stock. B. Riley reaffirmed a “buy” rating and set a $90.00 target price (down previously from $150.00) on shares of e.l.f. Beauty in a research report on Friday. Jefferies Financial Group reduced their target price on shares of e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Finally, Bank of America reduced their price objective on e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Five investment analysts have rated the stock with a hold rating, eleven 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 an average rating of “Moderate Buy” and a consensus target price of $134.00.

e.l.f. Beauty Stock Down 19.6 %

ELF stock opened at $71.12 on Friday. The company’s 50 day simple moving average is $123.67 and its 200-day simple moving average is $128.61. e.l.f. Beauty has a 52-week low of $63.50 and a 52-week high of $221.83. 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 firm has a market capitalization of $4.01 billion, a P/E ratio of 38.44, a P/E/G ratio of 1.74 and a beta of 1.47.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results 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 19.34% and a net margin of 8.87%. As a group, equities research analysts anticipate that e.l.f. Beauty will post 2.8 EPS for the current year.

Insider Activity

In other news, CEO Tarang Amin sold 890 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 transaction of $122,464.00. Following the transaction, the chief executive officer now directly owns 99,699 shares of the company’s stock, valued at $13,718,582.40. This trade represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Maureen C. Watson sold 785 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $130.00, for a total value of $102,050.00. Following the completion of the sale, the director now owns 1,888 shares of the company’s stock, 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 have sold a total of 2,205 shares of company stock valued at $297,442 in the last 90 days. 3.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ELF. Truist Financial Corp raised its stake in 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 acquired a new stake in shares of e.l.f. Beauty during the 2nd quarter worth about $1,102,000. Handelsbanken Fonder AB boosted its holdings in shares of e.l.f. Beauty by 18.7% during the 3rd quarter. Handelsbanken Fonder AB now owns 14,600 shares of the company’s stock worth $1,592,000 after buying an additional 2,300 shares during the period. NBC Securities Inc. grew its stake 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 valued at $517,000 after buying an additional 4,538 shares during the last quarter. Finally, Swedbank AB acquired a new stake in e.l.f. Beauty during the third quarter worth approximately $76,321,000. 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.