e.l.f. Beauty (NYSE:ELF) Reaches New 1-Year Low After Analyst Downgrade

e.l.f. Beauty, Inc. (NYSE:ELF) reached a new 52-week low on Monday after Stifel Nicolaus lowered their price target on the stock from $115.00 to $105.00. Stifel Nicolaus currently has a hold rating on the stock. e.l.f. Beauty traded as low as $93.75 and last traded at $93.15, with a volume of 241151 shares. The stock had previously closed at $99.91.

Several other analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft assumed coverage on e.l.f. Beauty in a report on Thursday, December 12th. They set a “hold” rating and a $133.00 price objective on the stock. Canaccord Genuity Group lowered their target price on shares of e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. DA Davidson reiterated a “buy” rating and issued a $170.00 price target on shares of e.l.f. Beauty in a research report on Tuesday, January 21st. JPMorgan Chase & Co. lifted their price objective on e.l.f. Beauty from $154.00 to $163.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Finally, UBS Group upped their target price on shares of e.l.f. Beauty from $156.00 to $158.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $168.47.

Insider Buying and Selling

In other news, insider Scott Milsten sold 530 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $72,928.00. Following the completion of the sale, the insider now owns 68,853 shares in the company, valued at $9,474,172.80. The trade was a 0.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Tarang Amin sold 890 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $122,464.00. Following the completion of the transaction, the chief executive officer now directly owns 99,699 shares in the company, valued at approximately $13,718,582.40. The trade was a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,205 shares of company stock worth $297,442 in the last quarter. Insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ELF. Wilmington Savings Fund Society FSB acquired a new position in e.l.f. Beauty in the third quarter valued at about $25,000. Kestra Investment Management LLC acquired a new position in shares of e.l.f. Beauty in the 4th quarter valued at approximately $32,000. Planning Capital Management Corp increased its stake in e.l.f. Beauty by 1,855.0% during the 3rd quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock worth $43,000 after purchasing an additional 371 shares in the last quarter. nVerses Capital LLC acquired a new stake in e.l.f. Beauty during the 3rd quarter worth approximately $44,000. Finally, Peterson Financial Group Inc. bought a new position in e.l.f. Beauty in the third quarter valued at approximately $45,000. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Price Performance

The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22. The company’s fifty day moving average price is $125.96 and its two-hundred day moving average price is $129.81. The company has a market cap of $4.98 billion, a price-to-earnings ratio of 47.80, a PEG ratio of 1.74 and a beta of 1.47.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.34. The firm had revenue of $301.10 million during the quarter, compared to analysts’ expectations of $289.43 million. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The company’s revenue was up 39.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.66 EPS. On average, equities research analysts forecast that e.l.f. Beauty, Inc. will post 2.8 EPS for the current fiscal year.

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.