DA Davidson Cuts e.l.f. Beauty (NYSE:ELF) Price Target to $75.00

e.l.f. Beauty (NYSE:ELF) had its price target cut by stock analysts at DA Davidson from $80.00 to $75.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. DA Davidson’s target price indicates a potential upside of 13.08% from the stock’s previous close.

A number of other equities research analysts have also issued reports on the stock. Stifel Nicolaus cut their price objective on shares of e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating for the company in a report on Monday, February 3rd. Truist Financial boosted their price target on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Raymond James cut their price objective on e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating for the company in a research report on Friday, February 7th. Piper Sandler dropped their price target on e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Finally, The Goldman Sachs Group reduced their price objective on e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, e.l.f. Beauty has an average rating of “Moderate Buy” and an average price target of $132.65.

e.l.f. Beauty Stock Performance

e.l.f. Beauty stock traded down $1.86 during midday trading on Monday, hitting $66.33. The stock had a trading volume of 316,596 shares, compared to its average volume of 2,201,196. The company has a market capitalization of $3.74 billion, a PE ratio of 39.31, a P/E/G ratio of 6.76 and a beta of 1.60. e.l.f. Beauty has a 52-week low of $61.90 and a 52-week high of $219.77. The firm’s fifty day moving average is $92.02 and its two-hundred day moving average is $110.56. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20.

e.l.f. Beauty (NYSE:ELF) last issued 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 return on equity of 16.88% and a net margin of 7.55%. On average, research analysts forecast that e.l.f. Beauty will post 2.38 EPS for the current year.

Insider Buying and Selling at e.l.f. Beauty

In other news, Director Maureen C. Watson sold 4,000 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $67.39, for a total transaction of $269,560.00. Following the sale, the director now owns 1,888 shares in the company, valued at approximately $127,232.32. The trade was a 67.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new stake in e.l.f. Beauty during the 3rd quarter worth about $25,000. Nemes Rush Group LLC acquired a new stake in shares of e.l.f. Beauty in the fourth quarter worth $27,000. Orion Capital Management LLC purchased a new position in shares of e.l.f. Beauty during the fourth quarter worth $30,000. Promus Capital LLC purchased a new stake in e.l.f. Beauty in the fourth quarter valued at $31,000. Finally, Kestra Investment Management LLC acquired a new stake in e.l.f. Beauty during the 4th quarter worth about $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.