Robert W. Baird Lowers e.l.f. Beauty (NYSE:ELF) Price Target to $175.00

e.l.f. Beauty (NYSE:ELF) had its target price decreased by Robert W. Baird from $240.00 to $175.00 in a report issued on Monday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

ELF has been the topic of several other reports. TD Cowen reduced their price target on e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. Morgan Stanley reduced 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. Stifel Nicolaus raised their price target on e.l.f. Beauty from $151.00 to $161.00 and gave the stock a “hold” rating in a research report on Monday, July 22nd. UBS Group reduced their price target on e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, Bank of America reduced their target price on e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $184.43.

e.l.f. Beauty Trading Up 1.6 %

ELF stock opened at $107.23 on Monday. The business has a fifty day moving average price of $124.42 and a 200 day moving average price of $160.50. e.l.f. Beauty has a fifty-two week low of $88.47 and a fifty-two week high of $221.83. The stock has a market capitalization of $6.00 billion, a price-to-earnings ratio of 48.30, a P/E/G ratio of 2.19 and a beta of 1.43. 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 quarterly earnings data on Thursday, August 8th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.20. The firm 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%. 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 news, CEO Tarang Amin sold 548 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $175.00, for a total transaction of $95,900.00. Following the completion of the sale, the chief executive officer now owns 214,507 shares in the company, valued at $37,538,725. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 5.20% of the company’s stock.

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

Several institutional investors have recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC acquired a new position in e.l.f. Beauty during the second quarter valued at approximately $26,000. Matrix Trust Co acquired a new position in shares of e.l.f. Beauty during the second quarter worth $27,000. Innealta Capital LLC acquired a new position in shares of e.l.f. Beauty during the second quarter worth $30,000. Harbor Investment Advisory LLC acquired a new position in shares of e.l.f. Beauty during the first quarter worth $31,000. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of e.l.f. Beauty by 405.9% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock worth $36,000 after buying an additional 138 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.