Piper Sandler Lowers e.l.f. Beauty (NYSE:ELF) Price Target to $131.00

e.l.f. Beauty (NYSE:ELF) had its price objective decreased by Piper Sandler from $167.00 to $131.00 in a research note released on Wednesday,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

ELF has been the topic of several other reports. DA Davidson reiterated a “buy” rating and set a $170.00 target price on shares of e.l.f. Beauty in a research report on Wednesday. Canaccord Genuity Group lowered their target price on e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. B. Riley lowered their target price on e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft started coverage on e.l.f. Beauty in a research report on Thursday, December 12th. They set a “hold” rating and a $133.00 target price on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on e.l.f. Beauty from $154.00 to $163.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $134.00.

e.l.f. Beauty Trading Down 19.6 %

NYSE ELF opened at $71.12 on Wednesday. The stock has a market cap of $4.01 billion, a P/E ratio of 38.44, a price-to-earnings-growth ratio of 1.74 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. The stock has a 50 day simple moving average of $123.67 and a two-hundred day simple moving average of $128.61. 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 earnings results on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. On average, analysts forecast that e.l.f. Beauty will post 2.8 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Scott Milsten sold 530 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $72,928.00. Following the transaction, the insider now owns 68,853 shares of the company’s stock, valued at $9,474,172.80. This represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tarang Amin sold 890 shares of the company’s stock in a transaction on Friday, December 6th. The stock was 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 of the company’s stock, valued at approximately $13,718,582.40. This represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,205 shares of company stock valued at $297,442 over the last ninety days. 3.50% of the stock is owned by insiders.

Hedge Funds Weigh In On e.l.f. Beauty

Several institutional investors and hedge funds have recently modified their holdings of the business. Baillie Gifford & Co. boosted its holdings in shares of e.l.f. Beauty by 51.0% during the 4th quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company’s stock worth $1,005,584,000 after purchasing an additional 2,703,742 shares during the last quarter. Champlain Investment Partners LLC acquired a new position in shares of e.l.f. Beauty during the 3rd quarter worth approximately $121,558,000. Swedbank AB acquired a new position in shares of e.l.f. Beauty during the 3rd quarter worth approximately $76,321,000. Raymond James Financial Inc. acquired a new position in shares of e.l.f. Beauty during the 4th quarter worth approximately $68,775,000. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of e.l.f. Beauty by 223.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 555,287 shares of the company’s stock worth $60,543,000 after purchasing an additional 383,478 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

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.