e.l.f. Beauty (NYSE:ELF) Price Target Cut to $59.00 by Analysts at UBS Group

e.l.f. Beauty (NYSE:ELF) had its price target dropped by stock analysts at UBS Group from $74.00 to $59.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price objective would suggest a potential upside of 14.11% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. Truist Financial boosted their target price on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Stifel Nicolaus reduced their price target on 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. Morgan Stanley reaffirmed an “equal weight” rating and issued a $70.00 price objective (down from $153.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Canaccord Genuity Group reduced their price objective on shares of e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Finally, DA Davidson lowered their target price on shares of e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $121.82.

e.l.f. Beauty Price Performance

Shares of e.l.f. Beauty stock traded up $1.75 during midday trading on Thursday, hitting $51.70. 1,398,709 shares of the company traded hands, compared to its average volume of 2,339,752. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 30.67, a PEG ratio of 6.76 and a beta of 1.41. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. The firm’s fifty day moving average price is $64.93 and its 200-day moving average price is $99.98. e.l.f. Beauty has a 12 month low of $49.40 and a 12 month high of $219.77.

e.l.f. Beauty (NYSE:ELF) last announced 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 net margin of 7.55% and a return on equity of 16.88%. As a group, sell-side analysts forecast that e.l.f. Beauty will post 2.38 earnings per share for the current year.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, Director Maureen C. Watson sold 4,000 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $67.39, for a total value of $269,560.00. Following the sale, the director now directly owns 1,888 shares in the company, valued at $127,232.32. This represents a 67.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On e.l.f. Beauty

A number of large investors have recently modified their holdings of ELF. Sowell Financial Services LLC bought a new stake in e.l.f. Beauty during the 1st quarter valued at approximately $486,000. Robbins Farley increased its stake in shares of e.l.f. Beauty by 3.6% in the 1st quarter. Robbins Farley now owns 35,646 shares of the company’s stock worth $2,238,000 after acquiring an additional 1,250 shares in the last quarter. Tran Capital Management L.P. grew its holdings in e.l.f. Beauty by 430.7% in 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 increased its stake 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 valued at $1,366,000 after purchasing an additional 216 shares in the last quarter. Finally, GAMMA Investing LLC boosted 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 in the last quarter. 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.