e.l.f. Beauty (NYSE:ELF) PT Lowered to $131.00 at Stifel Nicolaus

e.l.f. Beauty (NYSE:ELF) had its price objective cut by Stifel Nicolaus from $161.00 to $131.00 in a research note published on Thursday morning, Benzinga reports. They currently have a hold rating on the stock.

A number of other research analysts have also recently commented on ELF. Baird R W raised e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 18th. Morgan Stanley dropped their price target on e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating on the stock in a research report on Monday, September 30th. JPMorgan Chase & Co. dropped their price target on e.l.f. Beauty from $207.00 to $167.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. Raymond James reissued a “strong-buy” rating and set a $235.00 price objective on shares of e.l.f. Beauty in a report on Monday, July 22nd. Finally, DA Davidson reissued a “buy” rating and set a $223.00 price objective on shares of e.l.f. Beauty in a report on Tuesday, October 15th. 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $184.43.

e.l.f. Beauty Stock Up 3.0 %

ELF stock opened at $110.38 on Thursday. The stock’s fifty day simple moving average is $122.48 and its two-hundred day simple moving average is $159.75. 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 has a 1-year low of $88.47 and a 1-year high of $221.83. The stock has a market cap of $6.22 billion, a P/E ratio of 52.56, a P/E/G ratio of 2.22 and a beta of 1.43.

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

Insiders Place Their Bets

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,528 shares of the company’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 transaction, the chief executive officer now directly owns 106,016 shares in the company, valued at $14,465,883.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.50% of the company’s stock.

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

Several institutional investors have recently modified their holdings of the company. Baillie Gifford & Co. bought a new position in shares of e.l.f. Beauty during the 2nd quarter valued at about $801,693,000. William Blair Investment Management LLC lifted its position in e.l.f. Beauty by 12.5% in the second 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 during the last quarter. Clearbridge Investments LLC boosted its stake in shares of 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 purchasing an additional 576,383 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of e.l.f. Beauty by 55.8% in the third 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 during the last quarter. Finally, Swedbank AB purchased a new position in shares of e.l.f. Beauty in the third quarter worth $76,321,000. 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.