JPMorgan Chase & Co. Lowers e.l.f. Beauty (NYSE:ELF) Price Target to $70.00

e.l.f. Beauty (NYSE:ELF) had its price target decreased by JPMorgan Chase & Co. from $127.00 to $70.00 in a report issued on Friday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other analysts have also issued reports on ELF. Morgan Stanley reissued an “equal weight” rating and issued a $70.00 price target (down from $153.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. UBS Group reissued a “neutral” rating and issued a $74.00 target price (down from $158.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Stifel Nicolaus lowered 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 report on Monday, February 3rd. Canaccord Genuity Group cut their price target 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 decreased their price target on shares of 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 assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $124.76.

e.l.f. Beauty Stock Performance

Shares of ELF opened at $53.60 on Friday. e.l.f. Beauty has a 1 year low of $49.90 and a 1 year high of $219.77. The company’s 50 day simple moving average is $66.75 and its 200 day simple moving average is $101.15. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 31.71, 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.

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

Insiders Place Their Bets

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 completion of the sale, the director now owns 1,888 shares of the company’s stock, valued at $127,232.32. This trade represents 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 available through the SEC website. 3.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. grew its stake in e.l.f. Beauty by 149.8% during the 4th quarter. Principal Financial Group Inc. now owns 328,557 shares of the company’s stock valued at $41,250,000 after purchasing an additional 197,028 shares in the last quarter. Global Retirement Partners LLC boosted its stake in shares of e.l.f. Beauty by 441.0% during the 4th quarter. Global Retirement Partners LLC now owns 8,283 shares of the company’s stock valued at $1,040,000 after buying an additional 6,752 shares during the last quarter. Robbins Farley grew its position in shares of e.l.f. Beauty by 27.1% during the fourth quarter. Robbins Farley now owns 34,396 shares of the company’s stock worth $4,318,000 after buying an additional 7,335 shares in the last quarter. Pacer Advisors Inc. grew its holdings in e.l.f. Beauty by 43.4% during the 4th quarter. Pacer Advisors Inc. now owns 11,802 shares of the company’s stock worth $1,482,000 after acquiring an additional 3,572 shares in the last quarter. Finally, Ibex Wealth Advisors acquired a new position in e.l.f. Beauty in the fourth quarter worth about $5,519,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

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.