e.l.f. Beauty (NYSE:ELF) PT Lowered to $162.00 at Piper Sandler

e.l.f. Beauty (NYSE:ELF) had its price target decreased by Piper Sandler from $260.00 to $162.00 in a research report report published on Monday, Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

ELF has been the subject of a number of other research reports. Bank of America reduced their price objective on e.l.f. Beauty from $230.00 to $190.00 and set a buy rating for the company in a research note on Monday, September 9th. B. Riley assumed coverage on e.l.f. Beauty in a research note on Tuesday, September 10th. They set a buy rating and a $175.00 price objective for the company. UBS Group reduced their price objective on e.l.f. Beauty from $250.00 to $230.00 and set a buy rating for the company in a research note on Friday, August 9th. 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 11th. Finally, TD Cowen cut their price target on e.l.f. Beauty from $235.00 to $150.00 and set a buy rating for the company in a research note on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $198.80.

e.l.f. Beauty Stock Performance

Shares of ELF stock opened at $114.52 on Monday. The firm has a market capitalization of $6.41 billion, a price-to-earnings ratio of 51.59, a price-to-earnings-growth ratio of 2.37 and a beta of 1.45. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.77 and a quick ratio of 1.10. The business has a fifty day moving average of $157.55 and a 200 day moving average of $175.67. e.l.f. Beauty has a 1 year low of $88.47 and a 1 year high of $221.83.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Thursday, August 8th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.20. The company had revenue of $324.48 million during 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%. As a group, research analysts expect that e.l.f. Beauty will post 2.88 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Tarang Amin sold 15,386 shares of e.l.f. Beauty stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $200.85, for a total value of $3,090,278.10. Following the sale, the chief executive officer now directly owns 171,329 shares in the company, valued at approximately $34,411,429.65. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, SVP Joshua Allen Franks sold 3,370 shares of e.l.f. Beauty stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $201.28, for a total value of $678,313.60. Following the sale, the senior vice president now directly owns 71,986 shares in the company, valued at approximately $14,489,342.08. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Tarang Amin sold 15,386 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $200.85, for a total value of $3,090,278.10. Following the transaction, the chief executive officer now owns 171,329 shares in the company, valued at $34,411,429.65. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,304 shares of company stock worth $3,864,492. Insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ELF. Baillie Gifford & Co. acquired a new position in shares of e.l.f. Beauty during the 2nd quarter worth approximately $801,693,000. Clearbridge Investments LLC acquired a new position in shares of e.l.f. Beauty during the 1st quarter worth approximately $133,940,000. Norges Bank acquired a new position in shares of e.l.f. Beauty during the 4th quarter worth approximately $95,611,000. 1832 Asset Management L.P. acquired a new position in shares of e.l.f. Beauty during the 1st quarter worth approximately $61,299,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of e.l.f. Beauty by 81.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 468,670 shares of the company’s stock worth $98,758,000 after purchasing an additional 210,873 shares during the last quarter. 92.44% of the stock is currently 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.