e.l.f. Beauty, Inc. (NYSE:ELF – Get Free Report) shares traded down 3.4% during trading on Monday after Stifel Nicolaus lowered their price target on the stock from $167.00 to $151.00. Stifel Nicolaus currently has a hold rating on the stock. e.l.f. Beauty traded as low as $151.54 and last traded at $153.00. 221,972 shares changed hands during trading, a decline of 85% from the average session volume of 1,514,988 shares. The stock had previously closed at $158.45.
Other analysts also recently issued reports about the company. StockNews.com downgraded e.l.f. Beauty from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. DA Davidson reissued a “buy” rating and issued a $220.00 target price on shares of e.l.f. Beauty in a report on Monday, April 8th. Robert W. Baird began coverage on e.l.f. Beauty in a report on Tuesday, January 30th. They issued a “neutral” rating and a $185.00 target price for the company. Bank of America boosted their target price on e.l.f. Beauty from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Finally, Piper Sandler reduced their target price on e.l.f. Beauty from $228.00 to $216.00 and set an “overweight” rating for the company in a report on Thursday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $182.00.
Insider Transactions at e.l.f. Beauty
In related news, CEO Tarang Amin sold 23,519 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $198.89, for a total value of $4,677,693.91. Following the completion of the transaction, the chief executive officer now owns 10,889 shares of the company’s stock, valued at $2,165,713.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Tarang Amin sold 23,519 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $198.89, for a total value of $4,677,693.91. Following the completion of the transaction, the chief executive officer now owns 10,889 shares of the company’s stock, valued at $2,165,713.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Joshua Allen Franks sold 727 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $165.16, for a total value of $120,071.32. Following the transaction, the senior vice president now directly owns 83,736 shares in the company, valued at approximately $13,829,837.76. The disclosure for this sale can be found here. Insiders sold 201,600 shares of company stock valued at $34,307,124 over the last quarter. Company insiders own 5.20% of the company’s stock.
Institutional Trading of e.l.f. Beauty
Institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC raised its position in shares of e.l.f. Beauty by 641.2% during the 3rd quarter. FMR LLC now owns 832,404 shares of the company’s stock worth $91,423,000 after purchasing an additional 720,098 shares during the period. State of Alaska Department of Revenue increased its position in e.l.f. Beauty by 0.3% in the 4th quarter. State of Alaska Department of Revenue now owns 33,993 shares of the company’s stock valued at $4,906,000 after acquiring an additional 85 shares during the period. First Dallas Securities Inc. acquired a new stake in e.l.f. Beauty in the 3rd quarter valued at approximately $3,569,000. Roman Butler Fullerton & Co. acquired a new stake in e.l.f. Beauty in the 4th quarter valued at approximately $1,294,000. Finally, William Blair Investment Management LLC increased its position in e.l.f. Beauty by 58.2% in the 3rd quarter. William Blair Investment Management LLC now owns 1,424,268 shares of the company’s stock valued at $156,427,000 after acquiring an additional 523,903 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.
e.l.f. Beauty Trading Down 2.9 %
The company has a current ratio of 1.50, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $8.54 billion, a price-to-earnings ratio of 69.24, a PEG ratio of 1.49 and a beta of 1.60. The firm has a 50-day moving average of $176.63 and a 200 day moving average of $158.55.
About e.l.f. Beauty
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.