e.l.f. Beauty (NYSE:ELF) PT Lowered to $151.00

e.l.f. Beauty (NYSE:ELFGet Free Report) had its target price decreased by investment analysts at Stifel Nicolaus from $167.00 to $151.00 in a research report issued on Monday, Benzinga reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ price objective indicates a potential downside of 5.06% from the company’s current price.

Several other equities research analysts have also recently commented on ELF. Truist Financial increased their price target on e.l.f. Beauty from $150.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. DA Davidson reaffirmed a “buy” rating and issued a $220.00 price target on shares of e.l.f. Beauty in a report on Monday, April 8th. Robert W. Baird initiated coverage on e.l.f. Beauty in a report on Tuesday, January 30th. They issued a “neutral” rating and a $185.00 price target for the company. Bank of America increased their price objective on e.l.f. Beauty from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, Piper Sandler lowered their price objective on e.l.f. Beauty from $228.00 to $216.00 and set an “overweight” rating for the company in a research report on Thursday, May 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $184.46.

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e.l.f. Beauty Price Performance

Shares of e.l.f. Beauty stock opened at $159.04 on Monday. The business has a 50 day simple moving average of $174.90 and a two-hundred day simple moving average of $159.38. e.l.f. Beauty has a 12 month low of $83.80 and a 12 month high of $221.83. The stock has a market capitalization of $8.83 billion, a P/E ratio of 70.37, a PEG ratio of 1.49 and a beta of 1.60. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.50 and a quick ratio of 0.83.

Insider Transactions at e.l.f. Beauty

In other news, CEO Tarang Amin sold 23,519 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $163.70, for a total transaction of $3,850,060.30. Following the completion of the transaction, the chief executive officer now directly owns 10,890 shares in the company, valued at $1,782,693. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, SVP Joshua Allen Franks sold 727 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $165.16, for a total value of $120,071.32. Following the sale, the senior vice president now directly owns 83,736 shares in the company, valued at $13,829,837.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Tarang Amin sold 23,519 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $163.70, for a total value of $3,850,060.30. Following the completion of the sale, the chief executive officer now owns 10,890 shares in the company, valued at $1,782,693. The disclosure for this sale can be found here. Insiders sold a total of 201,600 shares of company stock worth $34,307,124 over the last ninety days. Company insiders own 5.20% of the company’s stock.

Institutional Trading of e.l.f. Beauty

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of e.l.f. Beauty by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 6,050,649 shares of the company’s stock valued at $873,351,000 after acquiring an additional 79,701 shares in the last quarter. Wellington Management Group LLP raised its stake in e.l.f. Beauty by 5.2% in the fourth quarter. Wellington Management Group LLP now owns 2,540,832 shares of the company’s stock valued at $366,744,000 after buying an additional 126,231 shares in the last quarter. Invesco Ltd. raised its stake in e.l.f. Beauty by 15.3% in the third quarter. Invesco Ltd. now owns 1,497,707 shares of the company’s stock valued at $164,493,000 after buying an additional 198,235 shares in the last quarter. William Blair Investment Management LLC raised its stake in e.l.f. Beauty by 58.2% in the third quarter. William Blair Investment Management LLC now owns 1,424,268 shares of the company’s stock valued at $156,427,000 after buying an additional 523,903 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in e.l.f. Beauty by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 952,863 shares of the company’s stock valued at $137,538,000 after buying an additional 7,999 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

About e.l.f. Beauty

(Get Free Report)

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.

Further Reading

Analyst Recommendations for e.l.f. Beauty (NYSE:ELF)

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