Stifel Nicolaus Cuts e.l.f. Beauty (NYSE:ELF) Price Target to $131.00

e.l.f. Beauty (NYSE:ELF) had its price objective reduced by equities research analysts at Stifel Nicolaus from $161.00 to $131.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 18.66% from the company’s current price.

A number of other equities analysts have also recently issued reports on ELF. Robert W. Baird cut their price objective on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a report on Monday, October 21st. JPMorgan Chase & Co. reduced their price target on shares of e.l.f. Beauty from $207.00 to $167.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. Baird R W upgraded shares of e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 18th. B. Riley began coverage on shares of e.l.f. Beauty in a research note on Tuesday, September 10th. They issued a “buy” rating and a $175.00 price objective for the company. Finally, TD Cowen decreased their target price on shares of e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $184.43.

e.l.f. Beauty Stock Up 3.0 %

ELF stock opened at $110.40 on Thursday. e.l.f. Beauty has a 1-year low of $88.47 and a 1-year high of $221.83. The stock has a market cap of $6.18 billion, a price-to-earnings ratio of 49.73, a price-to-earnings-growth ratio of 2.19 and a beta of 1.43. The company has a current ratio of 1.77, a quick ratio of 1.10 and a debt-to-equity ratio of 0.23. The company’s 50 day moving average is $122.48 and its 200 day moving average is $159.75.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.20. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. The firm had revenue of $324.48 million for the quarter, compared to analysts’ expectations of $303.60 million. Sell-side analysts predict that e.l.f. Beauty will post 2.88 EPS for the current fiscal year.

Insider Activity

In related news, CEO Tarang Amin sold 548 shares of e.l.f. Beauty stock in a transaction on Monday, August 5th. The shares were sold at an average price of $175.00, for a total value of $95,900.00. Following the sale, the chief executive officer now owns 214,507 shares in the company, valued at $37,538,725. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 5.20% of the company’s stock.

Institutional Trading of e.l.f. Beauty

Institutional investors and hedge funds have recently bought and sold shares of the stock. Baillie Gifford & Co. purchased a new position in shares of e.l.f. Beauty in the 2nd quarter valued at approximately $801,693,000. Swedbank AB purchased a new position in e.l.f. Beauty during the third quarter valued at $76,321,000. Clearbridge Investments LLC bought a new stake in shares of e.l.f. Beauty during the 1st quarter valued at $133,940,000. 1832 Asset Management L.P. purchased a new stake in shares of e.l.f. Beauty in the 1st quarter worth about $61,299,000. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of e.l.f. Beauty by 55.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 730,377 shares of the company’s stock worth $79,633,000 after acquiring an additional 261,707 shares in the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.