e.l.f. Beauty, Inc. (NYSE:ELF – Get Free Report) shares gapped down before the market opened on Monday after Bank of America lowered their price target on the stock from $230.00 to $190.00. The stock had previously closed at $122.60, but opened at $119.67. Bank of America currently has a buy rating on the stock. e.l.f. Beauty shares last traded at $115.89, with a volume of 461,316 shares changing hands.
ELF has been the subject of a number of other reports. TD Cowen raised their target price on e.l.f. Beauty from $190.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Canaccord Genuity Group boosted their price objective on e.l.f. Beauty from $214.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. DA Davidson reaffirmed a “buy” rating and set a $223.00 price objective on shares of e.l.f. Beauty in a report on Thursday, August 29th. Piper Sandler reiterated an “overweight” rating and issued a $260.00 target price on shares of e.l.f. Beauty in a research note on Monday, August 26th. Finally, JPMorgan Chase & Co. dropped their price target on shares of e.l.f. Beauty from $224.00 to $207.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $213.57.
Insider Transactions at e.l.f. Beauty
In other e.l.f. Beauty news, CEO Tarang Amin sold 548 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $175.00, for a total value of $95,900.00. Following the sale, the chief executive officer now owns 214,507 shares of the company’s stock, valued at approximately $37,538,725. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Tarang Amin sold 548 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $175.00, for a total transaction of $95,900.00. Following the sale, the chief executive officer now owns 214,507 shares in the company, valued at approximately $37,538,725. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Joshua Allen Franks sold 3,370 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $201.28, for a total transaction of $678,313.60. Following the completion of the transaction, the senior vice president now owns 71,986 shares of the company’s stock, valued at $14,489,342.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,304 shares of company stock valued at $3,864,492. 5.20% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. Baillie Gifford & Co. purchased a new position in e.l.f. Beauty in the 2nd quarter worth approximately $801,693,000. Clearbridge Investments LLC purchased a new position in shares of e.l.f. Beauty during the 1st quarter worth $133,940,000. Norges Bank bought a new stake in shares of e.l.f. Beauty during the 4th quarter valued at $95,611,000. 1832 Asset Management L.P. purchased a new stake in shares of e.l.f. Beauty in the 1st quarter worth $61,299,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in e.l.f. Beauty by 81.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 468,670 shares of the company’s stock worth $98,758,000 after buying an additional 210,873 shares during the period. 92.44% of the stock is owned by hedge funds and other institutional investors.
e.l.f. Beauty Price Performance
The company has a current ratio of 1.77, a quick ratio of 1.10 and a debt-to-equity ratio of 0.23. The stock has a 50 day simple moving average of $171.80 and a 200-day simple moving average of $180.37. The firm has a market cap of $6.43 billion, a PE ratio of 52.67, a price-to-earnings-growth ratio of 2.55 and a beta of 1.45.
e.l.f. Beauty (NYSE:ELF – Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.20. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. The firm had revenue of $324.48 million during the quarter, compared to analyst estimates of $303.60 million. Equities analysts anticipate that e.l.f. Beauty, Inc. will post 2.88 earnings per share for the current fiscal year.
e.l.f. Beauty Company Profile
e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.