e.l.f. Beauty (NYSE:ELF) Reaches New 12-Month Low – Time to Sell?

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ELF shares. The Goldman Sachs Group dropped their price objective on shares of e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Morgan Stanley reaffirmed an “equal weight” rating and set a $70.00 price target (down previously from $153.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. B. Riley reiterated a “buy” rating and issued a $90.00 price target (down previously from $150.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Canaccord Genuity Group dropped their price objective on e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating for the company in a report on Friday, February 7th. Finally, Piper Sandler cut their target price 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. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $121.82.

e.l.f. Beauty Stock Up 5.3 %

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 50 day moving average price of $64.51 and a two-hundred day moving average price of $99.59. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of 31.12, 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 data on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. As a group, sell-side analysts expect 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 dated 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 of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through this link. Insiders own 3.50% of the company’s stock.

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

A number of institutional investors have recently made changes to their positions in ELF. Nisa Investment Advisors LLC increased its stake in e.l.f. Beauty by 3.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,872 shares of the company’s stock valued at $361,000 after purchasing an additional 91 shares during the last quarter. Truist Financial Corp raised its stake in e.l.f. Beauty by 1.3% during the fourth quarter. Truist Financial Corp now owns 7,885 shares of the company’s stock worth $990,000 after acquiring an additional 102 shares during the period. Arizona State Retirement System lifted its holdings in e.l.f. Beauty by 0.8% in the fourth quarter. Arizona State Retirement System now owns 16,365 shares of the company’s stock worth $2,055,000 after acquiring an additional 128 shares during the last quarter. Treasurer of the State of North Carolina boosted its stake in e.l.f. Beauty by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 23,630 shares of the company’s stock valued at $2,967,000 after acquiring an additional 140 shares during the period. Finally, Atria Wealth Solutions Inc. grew its holdings in shares of e.l.f. Beauty by 7.7% during the fourth quarter. Atria Wealth Solutions Inc. now owns 2,089 shares of the company’s stock valued at $262,000 after purchasing an additional 150 shares during the last quarter. 92.44% of the stock is currently owned by 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.