e.l.f. Beauty (NYSE:ELF) Hits New 1-Year Low – Here’s Why

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

Wall Street Analyst Weigh In

ELF has been the subject of a number of research analyst reports. Stifel Nicolaus cut their target price on shares of e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, February 3rd. UBS Group reissued a “neutral” rating and issued a $74.00 price target (down previously from $158.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Piper Sandler decreased their price objective on e.l.f. Beauty from $102.00 to $90.00 and set an “overweight” rating on the stock in a research report on Monday, March 31st. The Goldman Sachs Group dropped their target price on e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Finally, DA Davidson decreased their price target on e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Five equities 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. Based on data from MarketBeat.com, e.l.f. Beauty has an average rating of “Moderate Buy” and an average price target of $124.76.

e.l.f. Beauty Stock Performance

The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. The stock’s fifty day moving average is $65.35 and its two-hundred day moving average is $100.33. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of 29.65, a P/E/G ratio of 6.76 and a beta of 1.41.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly 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 16.88% and a net margin of 7.55%. On average, analysts predict that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

Insider Transactions at e.l.f. Beauty

In related news, Director Maureen C. Watson sold 4,000 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly 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 filing with the SEC, which is accessible through this link. 3.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Tran Capital Management L.P. lifted its holdings in shares of e.l.f. Beauty by 430.7% during the first quarter. Tran Capital Management L.P. now owns 181,494 shares of the company’s stock worth $11,396,000 after purchasing an additional 147,297 shares during the period. Fifth Third Bancorp raised its position in shares of e.l.f. Beauty by 1.0% during the first quarter. Fifth Third Bancorp now owns 21,751 shares of the company’s stock worth $1,366,000 after acquiring an additional 216 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of e.l.f. Beauty by 132.2% in the 1st quarter. GAMMA Investing LLC now owns 1,999 shares of the company’s stock worth $126,000 after purchasing an additional 1,138 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in e.l.f. Beauty by 42.0% in the first quarter. Harbor Capital Advisors Inc. now owns 103,235 shares of the company’s stock valued at $6,482,000 after buying an additional 30,530 shares during the period. Finally, Portside Wealth Group LLC grew its stake in e.l.f. Beauty by 68.4% during the first quarter. Portside Wealth Group LLC now owns 6,582 shares of the company’s stock worth $413,000 after purchasing an additional 2,674 shares during the period. Institutional investors 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.