e.l.f. Beauty (NYSE:ELF) Price Target Cut to $151.00 by Analysts at Stifel Nicolaus

e.l.f. Beauty (NYSE:ELFFree Report) had its price target lowered by Stifel Nicolaus from $167.00 to $151.00 in a research report report published on Monday, Benzinga reports. The brokerage currently has a hold rating on the stock.

Other analysts have also recently issued reports about the stock. TD Cowen raised shares of e.l.f. Beauty from a hold rating to a buy rating and dropped their target price for the stock from $220.00 to $190.00 in a report on Wednesday, April 17th. StockNews.com cut shares of e.l.f. Beauty from a hold rating to a sell rating in a report on Wednesday, February 7th. Truist Financial increased their price objective on shares of e.l.f. Beauty from $150.00 to $200.00 and gave the stock a buy rating in a report on Wednesday, February 7th. Piper Sandler dropped their price objective on shares of e.l.f. Beauty from $228.00 to $216.00 and set an overweight rating on the stock in a report on Thursday, May 16th. Finally, Raymond James increased their price objective on shares of e.l.f. Beauty from $140.00 to $180.00 and gave the stock a strong-buy rating in a report on Monday, January 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $184.46.

Check Out Our Latest Report on e.l.f. Beauty

e.l.f. Beauty Stock Down 2.1 %

Shares of NYSE:ELF opened at $155.65 on Monday. The stock has a market capitalization of $8.64 billion, a price-to-earnings ratio of 68.87, a price-to-earnings-growth ratio of 1.44 and a beta of 1.60. e.l.f. Beauty has a 1-year low of $83.80 and a 1-year high of $221.83. The company’s fifty day moving average is $173.88 and its two-hundred day moving average is $159.36. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 1.50.

Insider Activity at e.l.f. Beauty

In other news, CEO Tarang Amin sold 6,832 shares of the firm’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $162.63, for a total transaction of $1,111,088.16. Following the completion of the transaction, the chief executive officer now owns 228,175 shares in the company, valued at approximately $37,108,100.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Mandy J. Fields sold 1,250 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $174.90, for a total transaction of $218,625.00. Following the completion of the transaction, the insider now owns 77,146 shares in the company, valued at approximately $13,492,835.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Tarang Amin sold 6,832 shares of the firm’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $162.63, for a total transaction of $1,111,088.16. Following the transaction, the chief executive officer now owns 228,175 shares of the company’s stock, valued at approximately $37,108,100.25. The disclosure for this sale can be found here. Insiders sold 201,600 shares of company stock worth $34,307,124 in the last 90 days. Corporate insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ELF. Raymond James & Associates boosted its holdings in shares of e.l.f. Beauty by 17.2% in the third quarter. Raymond James & Associates now owns 31,370 shares of the company’s stock worth $3,445,000 after buying an additional 4,608 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in shares of e.l.f. Beauty by 10.7% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 3,336 shares of the company’s stock worth $366,000 after purchasing an additional 323 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of e.l.f. Beauty by 9.0% in the third quarter. Nisa Investment Advisors LLC now owns 6,084 shares of the company’s stock worth $668,000 after purchasing an additional 500 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of e.l.f. Beauty by 7.0% in the third quarter. Principal Financial Group Inc. now owns 348,936 shares of the company’s stock worth $38,324,000 after purchasing an additional 22,972 shares in the last quarter. Finally, California Public Employees Retirement System purchased a new stake in shares of e.l.f. Beauty in the third quarter worth approximately $9,859,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

About e.l.f. Beauty

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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.

Further Reading

Analyst Recommendations for e.l.f. Beauty (NYSE:ELF)

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