e.l.f. Beauty (NYSE:ELF) Price Target Lowered to $90.00 at Piper Sandler

e.l.f. Beauty (NYSE:ELF) had its price objective dropped by equities research analysts at Piper Sandler from $102.00 to $90.00 in a report issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Piper Sandler’s target price points to a potential upside of 38.75% from the stock’s previous close.

A number of other equities research analysts have also issued reports on ELF. The Goldman Sachs Group dropped their target price on shares of e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating for the company in a report on Friday, February 21st. Raymond James dropped their price objective on shares of e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating for the company in a research note on Friday, February 7th. Morgan Stanley reissued an “equal weight” rating and issued a $70.00 target price (down from $153.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. DA Davidson reduced their price objective on e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. Finally, Canaccord Genuity Group dropped their target price on e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating for the company in a report on Friday, February 7th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, e.l.f. Beauty currently has an average rating of “Moderate Buy” and an average target price of $130.24.

e.l.f. Beauty Stock Down 0.4 %

ELF opened at $64.87 on Monday. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. e.l.f. Beauty has a twelve month low of $60.35 and a twelve month high of $219.77. The company has a market cap of $3.66 billion, a PE ratio of 38.38, a price-to-earnings-growth ratio of 6.76 and a beta of 1.60. The company has a 50-day moving average price of $79.12 and a 200 day moving average price of $105.76.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Thursday, February 6th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. Sell-side analysts expect that e.l.f. Beauty will post 2.38 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Maureen C. Watson sold 4,000 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $67.39, for a total transaction of $269,560.00. Following the sale, the director now owns 1,888 shares of the company’s stock, valued at approximately $127,232.32. This represents a 67.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.50% of the stock is currently owned by corporate insiders.

Institutional Trading of e.l.f. Beauty

Large investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB acquired a new position in e.l.f. Beauty during the 3rd quarter worth $25,000. Nemes Rush Group LLC purchased a new position in shares of e.l.f. Beauty in the 4th quarter valued at about $27,000. Orion Capital Management LLC acquired a new position in shares of e.l.f. Beauty during the fourth quarter worth about $30,000. Promus Capital LLC purchased a new stake in shares of e.l.f. Beauty during the fourth quarter worth approximately $31,000. Finally, Kestra Investment Management LLC acquired a new stake in e.l.f. Beauty in the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors 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.