The Goldman Sachs Group Has Lowered Expectations for e.l.f. Beauty (NYSE:ELF) Stock Price

e.l.f. Beauty (NYSE:ELF) had its price target decreased by The Goldman Sachs Group from $165.00 to $142.00 in a research note published on Friday morning,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

Other research analysts have also issued reports about the stock. Robert W. Baird dropped their price objective on shares of e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. Piper Sandler dropped their price target on e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. UBS Group reaffirmed a “neutral” rating and set a $74.00 price objective (down from $158.00) on shares of e.l.f. Beauty in a research report on Friday. Jefferies Financial Group dropped their target price on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Finally, Canaccord Genuity Group decreased their price target on e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating for the company in a report on Friday. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $134.00.

e.l.f. Beauty Stock Down 19.6 %

e.l.f. Beauty stock opened at $71.12 on Friday. The stock has a 50-day simple moving average of $122.50 and a 200-day simple moving average of $127.58. The company has a market capitalization of $4.01 billion, a P/E ratio of 42.08, a PEG ratio of 1.54 and a beta of 1.47. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78. e.l.f. Beauty has a fifty-two week low of $63.50 and a fifty-two week high of $221.83.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 17.35%. Equities research analysts expect that e.l.f. Beauty will post 2.8 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Maureen C. Watson sold 785 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $130.00, for a total transaction of $102,050.00. Following the completion of the transaction, the director now directly owns 1,888 shares in the company, valued at $245,440. The trade was a 29.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Tarang Amin sold 890 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $122,464.00. Following the sale, the chief executive officer now owns 99,699 shares in the company, valued at approximately $13,718,582.40. This trade represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,205 shares of company stock valued at $297,442. 3.50% of the stock is owned by insiders.

Institutional Trading of e.l.f. Beauty

Institutional investors and hedge funds have recently made changes to their positions in the stock. Moran Wealth Management LLC raised its stake in e.l.f. Beauty by 11.2% in the 4th quarter. Moran Wealth Management LLC now owns 4,567 shares of the company’s stock valued at $573,000 after purchasing an additional 460 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of e.l.f. Beauty by 4.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,251 shares of the company’s stock worth $1,789,000 after buying an additional 662 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of e.l.f. Beauty by 4.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 9,796 shares of the company’s stock valued at $1,230,000 after buying an additional 404 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of e.l.f. Beauty by 13.2% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 44,484 shares of the company’s stock valued at $5,704,000 after buying an additional 5,175 shares during the period. Finally, Lisanti Capital Growth LLC acquired a new stake in e.l.f. Beauty during the fourth quarter worth approximately $5,403,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

About e.l.f. Beauty

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.