e.l.f. Beauty (NYSE:ELF) Reaches New 52-Week Low – Should You Sell?

Shares of e.l.f. Beauty, Inc. (NYSE:ELF) reached a new 52-week low on Wednesday . The stock traded as low as $49.48 and last traded at $49.50, with a volume of 1161514 shares trading hands. The stock had previously closed at $52.17.

Analyst Upgrades and Downgrades

ELF has been the subject of a number of recent research reports. JPMorgan Chase & Co. decreased their price target on shares of e.l.f. Beauty from $127.00 to $70.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. Piper Sandler decreased their target price on shares of e.l.f. Beauty from $102.00 to $90.00 and set an “overweight” rating for the company in a research note on Monday, March 31st. Canaccord Genuity Group dropped their price target on e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. UBS Group cut their price target on e.l.f. Beauty from $74.00 to $59.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Stifel Nicolaus lowered their price objective on shares of e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a research report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, e.l.f. Beauty has an average rating of “Moderate Buy” and an average target price of $121.82.

e.l.f. Beauty Trading Up 5.3 %

The firm has a market cap of $2.97 billion, a price-to-earnings ratio of 31.12, a PEG ratio of 6.76 and a beta of 1.41. The business has a fifty day moving average of $64.51 and a two-hundred day moving average of $99.59. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results 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 16.88%. As a group, equities analysts expect that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Maureen C. Watson sold 4,000 shares of the business’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $67.39, for a total value of $269,560.00. Following the completion of the transaction, the director now directly owns 1,888 shares of the company’s stock, valued at $127,232.32. The trade was a 67.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Nemes Rush Group LLC purchased a new stake in shares of e.l.f. Beauty during the fourth quarter worth about $27,000. Wilmington Savings Fund Society FSB acquired a new stake in e.l.f. Beauty during the third quarter worth approximately $25,000. Orion Capital Management LLC purchased a new stake in e.l.f. Beauty in the 4th quarter worth approximately $30,000. Promus Capital LLC acquired a new position in e.l.f. Beauty in the 4th quarter valued at $31,000. Finally, Kestra Investment Management LLC purchased a new position in shares of e.l.f. Beauty during the 4th quarter worth $32,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

e.l.f. Beauty Company Profile

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.