e.l.f. Beauty (NYSE:ELF) Trading Down 3.4% on Analyst Downgrade

e.l.f. Beauty, Inc. (NYSE:ELF)’s stock price dropped 3.4% during mid-day trading on Monday after DA Davidson lowered their price target on the stock from $80.00 to $75.00. DA Davidson currently has a neutral rating on the stock. e.l.f. Beauty traded as low as $65.40 and last traded at $65.84. Approximately 584,864 shares traded hands during trading, a decline of 73% from the average daily volume of 2,202,128 shares. The stock had previously closed at $68.18.

ELF has been the topic of several other reports. Piper Sandler dropped their price target on shares of e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft began coverage on shares of e.l.f. Beauty in a report on Thursday, December 12th. They issued a “hold” rating and a $133.00 target price for the company. JPMorgan Chase & Co. lifted their price target on shares of e.l.f. Beauty from $154.00 to $163.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Morgan Stanley restated an “equal weight” rating and issued a $70.00 price objective (down previously from $153.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Finally, UBS Group reiterated a “neutral” rating and set a $74.00 target price (down previously from $158.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $132.65.

Insider Buying and Selling

In related news, Director Maureen C. Watson sold 4,000 shares of the company’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $67.39, for a total transaction of $269,560.00. Following the transaction, the director now owns 1,888 shares of the company’s stock, valued at $127,232.32. This represents a 67.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 3.50% 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. Nemes Rush Group LLC purchased a new position in e.l.f. Beauty during the fourth quarter worth $27,000. Wilmington Savings Fund Society FSB purchased a new position in e.l.f. Beauty during the third quarter worth approximately $25,000. Orion Capital Management LLC purchased a new position in e.l.f. Beauty during the fourth quarter worth approximately $30,000. Promus Capital LLC acquired a new position in shares of e.l.f. Beauty in the 4th quarter valued at $31,000. Finally, Kestra Investment Management LLC acquired a new stake in e.l.f. Beauty during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

e.l.f. Beauty Stock Down 3.0 %

The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $3.73 billion, a price-to-earnings ratio of 39.11, a price-to-earnings-growth ratio of 6.76 and a beta of 1.60. The firm has a 50 day moving average price of $90.83 and a two-hundred day moving average price of $109.97.

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 net margin of 7.55% and a return on equity of 16.88%. On average, equities analysts expect that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

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.