e.l.f. Beauty (NYSE:ELF) Price Target Lowered to $139.00 at Morgan Stanley

e.l.f. Beauty (NYSE:ELF) had its price objective cut by Morgan Stanley from $184.00 to $139.00 in a research note published on Monday, Benzinga reports. They currently have an equal weight rating on the stock.

Other research analysts also recently issued research reports about the stock. UBS Group decreased their target price on shares of e.l.f. Beauty from $250.00 to $230.00 and set a buy rating for the company in a research report on Friday, August 9th. Raymond James reaffirmed a strong-buy rating and issued a $235.00 target price on shares of e.l.f. Beauty in a research report on Monday, July 22nd. Bank of America reduced their price target on e.l.f. Beauty from $230.00 to $190.00 and set a buy rating for the company in a research report on Monday, September 9th. Canaccord Genuity Group raised their price target on e.l.f. Beauty from $214.00 to $250.00 and gave the company a buy rating in a research note on Tuesday, June 18th. Finally, DA Davidson reiterated a buy rating and set a $223.00 price objective on shares of e.l.f. Beauty in a research note on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $195.80.

e.l.f. Beauty Stock Performance

ELF opened at $105.24 on Monday. The company has a market capitalization of $5.89 billion, a price-to-earnings ratio of 47.41, a P/E/G ratio of 2.33 and a beta of 1.44. The business’s 50-day moving average price is $141.48 and its two-hundred day moving average price is $168.73. e.l.f. Beauty has a 1 year low of $88.47 and a 1 year high of $221.83. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.77 and a quick ratio of 1.10.

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

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 548 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $175.00, for a total value of $95,900.00. Following the transaction, the chief executive officer now directly owns 214,507 shares of the company’s stock, valued at approximately $37,538,725. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other e.l.f. Beauty news, CEO Tarang Amin sold 548 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $175.00, for a total value of $95,900.00. Following the completion of the sale, the chief executive officer now owns 214,507 shares of the company’s stock, valued at approximately $37,538,725. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Joshua Allen Franks sold 3,370 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $201.28, for a total transaction of $678,313.60. Following the transaction, the senior vice president now owns 71,986 shares in the company, valued at approximately $14,489,342.08. The disclosure for this sale can be found here. Insiders sold a total of 27,446 shares of company stock worth $3,984,609 over the last quarter. Company insiders own 5.20% of the company’s stock.

Hedge Funds Weigh In On e.l.f. Beauty

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ashton Thomas Private Wealth LLC bought a new position in shares of e.l.f. Beauty in the second quarter worth $26,000. Matrix Trust Co acquired a new position in shares of e.l.f. Beauty in the 2nd quarter valued at approximately $27,000. Innealta Capital LLC acquired a new position in shares of e.l.f. Beauty in the 2nd quarter valued at approximately $30,000. Harbor Investment Advisory LLC acquired a new stake in shares of e.l.f. Beauty during the 1st quarter worth approximately $31,000. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in e.l.f. Beauty by 405.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock valued at $36,000 after acquiring an additional 138 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

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.