B. Riley Issues Pessimistic Forecast for e.l.f. Beauty (NYSE:ELF) Stock Price

e.l.f. Beauty (NYSE:ELF) had its price target decreased by B. Riley from $175.00 to $150.00 in a report released on Thursday,Benzinga reports. B. Riley currently has a buy rating on the stock.

A number of other research firms have also weighed in on ELF. DA Davidson decreased their target price on shares of e.l.f. Beauty from $223.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday. Stifel Nicolaus reduced their price target on shares of e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating for the company in a research report on Thursday. Truist Financial lowered their price objective on e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Bank of America reduced their target price on e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Finally, Canaccord Genuity Group decreased their target price on e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $173.53.

e.l.f. Beauty Stock Performance

Shares of NYSE:ELF traded up $4.13 during trading on Thursday, hitting $120.20. 3,876,923 shares of the company were exchanged, compared to its average volume of 2,392,683. e.l.f. Beauty has a 52-week low of $92.16 and a 52-week high of $221.83. The stock has a 50 day moving average of $112.47 and a 200 day moving average of $155.89. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.77 and a quick ratio of 1.10. The company has a market cap of $6.78 billion, a PE ratio of 64.97, a P/E/G ratio of 2.17 and a beta of 1.44.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.43 by $0.34. The business had revenue of $301.10 million during the quarter, compared to the consensus estimate of $289.43 million. e.l.f. Beauty had a return on equity of 19.89% and a net margin of 8.87%. The firm’s revenue was up 39.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.66 EPS. As a group, equities research analysts predict that e.l.f. Beauty will post 2.88 EPS for the current year.

Insider Activity

In other news, CEO Tarang Amin sold 23,528 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $136.45, for a total value of $3,210,395.60. Following the completion of the sale, the chief executive officer now owns 106,016 shares of the company’s stock, valued at approximately $14,465,883.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.50% of the company’s stock.

Institutional Trading of e.l.f. Beauty

Institutional investors have recently modified their holdings of the company. Baillie Gifford & Co. lifted its stake in e.l.f. Beauty by 39.5% in the third quarter. Baillie Gifford & Co. now owns 5,305,692 shares of the company’s stock worth $578,480,000 after acquiring an additional 1,501,151 shares during the period. William Blair Investment Management LLC boosted its stake in shares of e.l.f. Beauty by 12.5% during the 2nd quarter. William Blair Investment Management LLC now owns 1,512,180 shares of the company’s stock valued at $318,647,000 after purchasing an additional 168,267 shares in the last quarter. Clearbridge Investments LLC boosted its stake in shares of e.l.f. Beauty by 84.4% during the 2nd quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock valued at $265,432,000 after purchasing an additional 576,383 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of e.l.f. Beauty by 55.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 730,377 shares of the company’s stock valued at $79,633,000 after buying an additional 261,707 shares during the period. Finally, Swedbank AB purchased a new stake in e.l.f. Beauty in the third quarter worth about $76,321,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

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.