e.l.f. Beauty (NYSE:ELF) Stock Rating Lowered by DA Davidson

DA Davidson cut shares of e.l.f. Beauty (NYSE:ELF) from a buy rating to a neutral rating in a research report released on Friday morning, Marketbeat.com reports. DA Davidson currently has $80.00 target price on the stock, down from their previous target price of $170.00.

Several other analysts have also issued reports on the stock. B. Riley dropped their target price on shares of e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. The Goldman Sachs Group began coverage on e.l.f. Beauty in a report on Friday, December 13th. They set a “buy” rating and a $165.00 price target on the stock. Morgan Stanley upgraded e.l.f. Beauty from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $139.00 to $153.00 in a report on Monday, January 13th. Robert W. Baird decreased their price target on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. Finally, Truist Financial lifted their price target on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $134.00.

e.l.f. Beauty Price Performance

Shares of NYSE ELF opened at $71.12 on Friday. e.l.f. Beauty has a fifty-two week low of $63.50 and a fifty-two week high of $221.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78. The company has a market cap of $4.01 billion, a PE ratio of 38.44, a P/E/G ratio of 1.74 and a beta of 1.47. The business has a 50-day simple moving average of $123.67 and a two-hundred day simple moving average of $128.61.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data 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%. As a group, equities analysts expect that e.l.f. Beauty will post 2.8 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Maureen C. Watson sold 785 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were 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 directly owns 1,888 shares in the company, valued at approximately $245,440. The trade was a 29.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tarang Amin sold 890 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was 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 in the company, valued at approximately $13,718,582.40. This represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,205 shares of company stock worth $297,442 in the last ninety days. Insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ELF. Wilmington Savings Fund Society FSB acquired a new stake in e.l.f. Beauty during the third quarter worth about $25,000. Promus Capital LLC acquired a new position in e.l.f. Beauty during the fourth quarter valued at approximately $31,000. Kestra Investment Management LLC purchased a new stake in shares of e.l.f. Beauty during the 4th quarter valued at about $32,000. Planning Capital Management Corp raised its stake in shares of e.l.f. Beauty by 1,855.0% during the third quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock valued at $43,000 after purchasing an additional 371 shares during the period. Finally, nVerses Capital LLC purchased a new position in shares of e.l.f. Beauty in the third quarter valued at $44,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

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.