e.l.f. Beauty (NYSE:ELF) Price Target Lowered to $85.00 at Raymond James

e.l.f. Beauty (NYSE:ELF) had its price target decreased by Raymond James from $120.00 to $85.00 in a research report sent to investors on Thursday,Benzinga reports. Raymond James currently has a strong-buy rating on the stock.

A number of other research firms also recently weighed in on ELF. 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. Stifel Nicolaus dropped their price objective on 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. UBS Group reaffirmed a “neutral” rating and issued a $74.00 target price (down previously from $158.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Morgan Stanley reissued an “equal weight” rating and set a $70.00 price target (down from $153.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Finally, Truist Financial raised their price objective on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $121.82.

e.l.f. Beauty Stock Up 5.3 %

Shares of NYSE:ELF opened at $52.60 on Thursday. 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 firm has a market cap of $2.97 billion, a P/E ratio of 31.12, a P/E/G ratio of 6.76 and a beta of 1.41. e.l.f. Beauty has a 12 month low of $49.40 and a 12 month high of $219.77. The company’s 50-day moving average price is $64.51 and its two-hundred day moving average price is $99.59.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing the consensus estimate 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, research analysts forecast that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

Insider Activity

In related news, Director Maureen C. Watson sold 4,000 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $67.39, for a total transaction of $269,560.00. Following the completion of the sale, the director now directly owns 1,888 shares of the company’s stock, valued at approximately $127,232.32. This represents a 67.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.50% of the stock is currently owned by company insiders.

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

Large investors have recently made changes to their positions in the stock. Principal Financial Group Inc. lifted its position in e.l.f. Beauty by 149.8% in the 4th quarter. Principal Financial Group Inc. now owns 328,557 shares of the company’s stock valued at $41,250,000 after acquiring an additional 197,028 shares in the last quarter. Global Retirement Partners LLC raised its stake in shares of e.l.f. Beauty by 441.0% in the 4th quarter. Global Retirement Partners LLC now owns 8,283 shares of the company’s stock valued at $1,040,000 after purchasing an additional 6,752 shares during the period. Robbins Farley raised its stake in shares of e.l.f. Beauty by 27.1% in the 4th quarter. Robbins Farley now owns 34,396 shares of the company’s stock valued at $4,318,000 after purchasing an additional 7,335 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of e.l.f. Beauty by 43.4% in the fourth quarter. Pacer Advisors Inc. now owns 11,802 shares of the company’s stock valued at $1,482,000 after purchasing an additional 3,572 shares in the last quarter. Finally, Ibex Wealth Advisors acquired a new position in shares of e.l.f. Beauty during the fourth quarter worth about $5,519,000. 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.