e.l.f. Beauty (NYSE:ELF) Trading Down 4.6% – What’s Next?

Shares of e.l.f. Beauty, Inc. (NYSE:ELF) fell 4.6% during mid-day trading on Monday . The stock traded as low as $121.52 and last traded at $123.58. 603,507 shares were traded during trading, a decline of 69% from the average session volume of 1,965,939 shares. The stock had previously closed at $129.52.

Analyst Ratings Changes

ELF has been the subject of several research analyst reports. DA Davidson reiterated a “buy” rating and set a $170.00 target price on shares of e.l.f. Beauty in a research note on Monday, November 25th. Bank of America reduced their price objective on shares of e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. Truist Financial cut their target price on shares of e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Robert W. Baird reduced their price target on shares of e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. Finally, JPMorgan Chase & Co. lowered their price objective on e.l.f. Beauty from $167.00 to $154.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, e.l.f. Beauty currently has an average rating of “Moderate Buy” and an average price target of $173.53.

e.l.f. Beauty Stock Down 0.9 %

The business’s 50 day simple moving average is $113.65 and its 200 day simple moving average is $151.35. The company has a market capitalization of $7.23 billion, a PE ratio of 70.01, a price-to-earnings-growth ratio of 2.84 and a beta of 1.44. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.34. The firm had revenue of $301.10 million for the quarter, compared to analysts’ expectations of $289.43 million. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The company’s quarterly revenue was up 39.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.66 EPS. As a group, analysts forecast that e.l.f. Beauty, Inc. will post 2.8 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Tarang Amin sold 23,528 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the completion of the sale, the chief executive officer now owns 106,016 shares in the company, valued at $14,465,883.20. This represents a 18.16 % decrease in their position. The sale was disclosed in a document filed 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

Hedge funds have recently modified their holdings of the business. Wilmington Savings Fund Society FSB acquired a new position in e.l.f. Beauty in the third quarter worth about $25,000. Ashton Thomas Private Wealth LLC bought a new position in shares of e.l.f. Beauty during the 2nd quarter worth approximately $26,000. Matrix Trust Co acquired a new stake in e.l.f. Beauty in the 2nd quarter valued at $27,000. Innealta Capital LLC bought a new stake in e.l.f. Beauty in the second quarter valued at $30,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in shares of e.l.f. Beauty by 405.9% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock valued at $36,000 after purchasing an additional 138 shares in the last quarter. 92.44% of the stock is owned by institutional investors.

About e.l.f. Beauty

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.