Truist Financial Cuts e.l.f. Beauty (NYSE:ELF) Price Target to $130.00

e.l.f. Beauty (NYSE:ELF) had its target price trimmed by Truist Financial from $210.00 to $130.00 in a research report report published on Wednesday, MarketBeat Ratings reports. The firm currently has a buy rating on the stock.

Several other equities research analysts have also issued reports on ELF. B. Riley began coverage on shares of e.l.f. Beauty in a report on Tuesday, September 10th. They issued a “buy” rating and a $175.00 target price for the company. DA Davidson restated a “buy” rating and issued a $223.00 target price on shares of e.l.f. Beauty in a report on Tuesday. Raymond James restated a “strong-buy” rating and issued a $235.00 target price on shares of e.l.f. Beauty in a report on Monday, July 22nd. UBS Group lowered 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 report on Friday, August 9th. Finally, Bank of America lowered their target price on shares of e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating for the company in a report on Tuesday. One equities research 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $191.21.

e.l.f. Beauty Price Performance

ELF stock opened at $108.19 on Wednesday. e.l.f. Beauty has a 52 week low of $88.47 and a 52 week high of $221.83. The company has a quick ratio of 1.10, a current ratio of 1.77 and a debt-to-equity ratio of 0.23. The company has a fifty day simple moving average of $126.68 and a two-hundred day simple moving average of $161.81. The firm has a market capitalization of $6.05 billion, a P/E ratio of 48.73, a price-to-earnings-growth ratio of 2.19 and a beta of 1.43.

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

Insider Buying and Selling

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,528 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the transaction, the chief executive officer now owns 106,016 shares of the company’s stock, valued at approximately $14,465,883.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

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

About e.l.f. Beauty

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.