e.l.f. Beauty (NYSE:ELF) Stock Price Down 5.4% – What’s Next?

e.l.f. Beauty, Inc. (NYSE:ELF)’s stock price traded down 5.4% during mid-day trading on Tuesday . The company traded as low as $120.32 and last traded at $120.13. 826,818 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 1,352,080 shares. The stock had previously closed at $126.95.

Analyst Ratings Changes

A number of research analysts have recently commented on ELF shares. UBS Group increased their target price on shares of e.l.f. Beauty from $156.00 to $158.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Robert W. Baird cut their target price on shares of e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. Jefferies Financial Group cut their price target on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Stifel Nicolaus lowered their price objective on e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating for the company in a research note on Thursday, November 7th. Finally, DA Davidson reiterated a “buy” rating and set a $170.00 target price on shares of e.l.f. Beauty in a research report on Tuesday. One analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and a consensus price target of $169.06.

e.l.f. Beauty Stock Performance

The company’s 50 day moving average price is $128.76 and its 200-day moving average price is $135.25. The stock has a market cap of $6.67 billion, a P/E ratio of 64.04, a price-to-earnings-growth ratio of 2.06 and a beta of 1.50. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.34. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The company had revenue of $301.10 million during the quarter, compared to analyst estimates of $289.43 million. During the same period in the prior year, the company posted $0.66 earnings per share. e.l.f. Beauty’s quarterly revenue was up 39.7% on a year-over-year basis. Equities analysts forecast that e.l.f. Beauty, Inc. will post 2.8 EPS for the current fiscal year.

Insider Activity

In related news, insider Scott Milsten sold 530 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $72,928.00. Following the completion of the transaction, the insider now directly owns 68,853 shares in the company, valued at approximately $9,474,172.80. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tarang Amin sold 890 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $122,464.00. Following the transaction, the chief executive officer now owns 99,699 shares in the company, valued at $13,718,582.40. This trade represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,205 shares of company stock worth $297,442. 3.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On e.l.f. Beauty

Institutional investors have recently bought and sold shares of the stock. Baillie Gifford & Co. raised its stake in shares of e.l.f. Beauty by 39.5% during the third quarter. Baillie Gifford & Co. now owns 5,305,692 shares of the company’s stock valued at $578,480,000 after acquiring an additional 1,501,151 shares during the last quarter. Champlain Investment Partners LLC bought a new stake in shares of e.l.f. Beauty during the 3rd quarter valued at about $121,558,000. Swedbank AB bought a new position in e.l.f. Beauty in the third quarter worth about $76,321,000. Clearbridge Investments LLC grew its holdings 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 worth $265,432,000 after acquiring an additional 576,383 shares during the period. Finally, Thrivent Financial for Lutherans raised its position in shares of e.l.f. Beauty by 223.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 555,287 shares of the company’s stock worth $60,543,000 after acquiring an additional 383,478 shares in the last quarter. 92.44% of the stock is currently 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.