Stifel Nicolaus Lowers e.l.f. Beauty (NYSE:ELF) Price Target to $131.00

e.l.f. Beauty (NYSE:ELF) had its price target reduced by research analysts at Stifel Nicolaus from $161.00 to $131.00 in a report released on Thursday, Benzinga reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 18.66% from the company’s previous close.

A number of other equities research analysts have also commented on the company. Bank of America lowered their price target 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. Morgan Stanley lowered their target price on shares of e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating for the company in a report on Monday, September 30th. TD Cowen cut their price target on shares of e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. B. Riley assumed coverage on shares of e.l.f. Beauty in a research note on Tuesday, September 10th. They issued a “buy” rating and a $175.00 price objective for the company. Finally, UBS Group cut their target price on e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, e.l.f. Beauty has a consensus rating of “Moderate Buy” and an average price target of $184.43.

e.l.f. Beauty Stock Up 3.0 %

e.l.f. Beauty stock opened at $110.40 on Thursday. The firm has a market capitalization of $6.18 billion, a price-to-earnings ratio of 49.73, a price-to-earnings-growth ratio of 2.19 and a beta of 1.43. The firm’s fifty day moving average price is $122.48 and its two-hundred day moving average price is $159.75. e.l.f. Beauty has a 1-year low of $88.47 and a 1-year high of $221.83. The company has a current ratio of 1.77, a quick ratio of 1.10 and a debt-to-equity ratio of 0.23.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.20. The business had revenue of $324.48 million for the quarter, compared to analysts’ expectations of $303.60 million. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. On average, equities research analysts predict that e.l.f. Beauty will post 2.88 earnings per share for the current fiscal year.

Insider Transactions at e.l.f. Beauty

In related news, CEO Tarang Amin sold 548 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $175.00, for a total transaction of $95,900.00. Following the sale, the chief executive officer now directly owns 214,507 shares in the company, valued at approximately $37,538,725. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.20% of the company’s stock.

Institutional Trading of e.l.f. Beauty

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Canada Pension Plan Investment Board purchased a new position in e.l.f. Beauty during the 2nd quarter valued at about $6,659,000. Cetera Investment Advisers boosted its position in shares of e.l.f. Beauty by 33.8% in the second quarter. Cetera Investment Advisers now owns 39,319 shares of the company’s stock valued at $8,285,000 after acquiring an additional 9,939 shares during the period. Clearbridge Investments LLC grew its stake in e.l.f. Beauty by 84.4% during the second quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock valued at $265,432,000 after acquiring an additional 576,383 shares in the last quarter. Swiss National Bank increased its holdings in e.l.f. Beauty by 0.5% during the 1st quarter. Swiss National Bank now owns 108,900 shares of the company’s stock worth $21,348,000 after acquiring an additional 500 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in e.l.f. Beauty by 55.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 730,377 shares of the company’s stock worth $79,633,000 after purchasing an additional 261,707 shares in the last quarter. 92.44% of the stock is currently owned by 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.