e.l.f. Beauty (NYSE:ELF) Receives Neutral Rating from UBS Group

UBS Group reissued their neutral rating on shares of e.l.f. Beauty (NYSE:ELF) in a report issued on Friday morning, MarketBeat Ratings reports. They currently have a $74.00 price objective on the stock, down from their prior price objective of $158.00.

Other analysts also recently issued research reports about the company. B. Riley cut their price target on e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft initiated coverage on e.l.f. Beauty in a research note on Thursday, December 12th. They issued a “hold” rating and a $133.00 target price on the stock. Stifel Nicolaus dropped their price objective on shares of e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a report on Monday, February 3rd. The Goldman Sachs Group assumed coverage on shares of e.l.f. Beauty in a research report on Friday, December 13th. They issued a “buy” rating and a $165.00 target price for the company. Finally, Truist Financial boosted their price objective on e.l.f. Beauty from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $134.00.

e.l.f. Beauty Stock Performance

e.l.f. Beauty stock opened at $71.12 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. e.l.f. Beauty has a 12 month low of $63.50 and a 12 month high of $221.83. The company has a fifty day moving average price of $123.67 and a two-hundred day moving average price of $128.61. The company has a market cap of $4.01 billion, a PE ratio of 38.44, a P/E/G ratio of 1.74 and a beta of 1.47.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. Research analysts expect that e.l.f. Beauty will post 2.8 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Maureen C. Watson sold 785 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $130.00, for a total transaction of $102,050.00. Following the sale, the director now owns 1,888 shares in the company, valued at $245,440. The trade was a 29.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Tarang Amin sold 890 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $122,464.00. Following the transaction, the chief executive officer now owns 99,699 shares in the company, valued at approximately $13,718,582.40. The trade was a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,205 shares of company stock worth $297,442. 3.50% of the stock is owned by insiders.

Institutional Trading of e.l.f. Beauty

Hedge funds and other institutional investors have recently modified their holdings of the business. Baillie Gifford & Co. lifted its stake in e.l.f. Beauty by 51.0% in the 4th quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company’s stock worth $1,005,584,000 after acquiring an additional 2,703,742 shares in the last quarter. Champlain Investment Partners LLC purchased a new stake in shares of e.l.f. Beauty in the third quarter worth approximately $121,558,000. Swedbank AB acquired a new stake in shares of e.l.f. Beauty during the third quarter worth approximately $76,321,000. Raymond James Financial Inc. acquired a new position in e.l.f. Beauty in the 4th quarter valued at approximately $68,775,000. Finally, Thrivent Financial for Lutherans lifted its position in e.l.f. Beauty by 223.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 555,287 shares of the company’s stock worth $60,543,000 after buying an additional 383,478 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

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.