e.l.f. Beauty (NYSE:ELF) Price Target Cut to $105.00 by Analysts at Canaccord Genuity Group

e.l.f. Beauty (NYSE:ELF) had its target price lowered by Canaccord Genuity Group from $174.00 to $105.00 in a report published on Friday,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other analysts also recently issued reports on ELF. DA Davidson downgraded shares of e.l.f. Beauty from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $170.00 to $80.00 in a research note on Friday. Piper Sandler decreased their price target on e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft began coverage on e.l.f. Beauty in a report on Thursday, December 12th. They set a “hold” rating and a $133.00 price objective for the company. UBS Group reiterated a “neutral” rating and set a $74.00 target price (down from $158.00) on shares of e.l.f. Beauty in a research report on Friday. Finally, Stifel Nicolaus cut their price target 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. Five 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $134.00.

e.l.f. Beauty Trading Down 19.6 %

Shares of ELF stock opened at $71.12 on Friday. The company has a market cap of $4.01 billion, a PE ratio of 42.08, a price-to-earnings-growth ratio of 1.54 and a beta of 1.47. e.l.f. Beauty has a 1 year low of $63.50 and a 1 year high of $221.83. The stock’s 50 day simple moving average is $122.50 and its two-hundred day simple moving average is $127.58. 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 (NYSE:ELF) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 17.35% and a net margin of 7.55%. Research analysts predict that e.l.f. Beauty will post 2.8 earnings per share for the current year.

Insider Buying and Selling

In other e.l.f. Beauty news, CEO Tarang Amin sold 890 shares of e.l.f. Beauty stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $122,464.00. Following the transaction, the chief executive officer now owns 99,699 shares in the company, valued at $13,718,582.40. The trade was a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Scott Milsten sold 530 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $72,928.00. Following the sale, the insider now directly owns 68,853 shares of the company’s stock, valued at approximately $9,474,172.80. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,205 shares of company stock valued at $297,442 over the last 90 days. Corporate insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On e.l.f. Beauty

Institutional investors and hedge funds have recently bought and sold shares of the company. Baillie Gifford & Co. boosted its position in shares of 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 purchasing an additional 2,703,742 shares in the last quarter. State Street Corp raised its stake in e.l.f. Beauty by 3.7% in the third quarter. State Street Corp now owns 1,665,203 shares of the company’s stock valued at $181,557,000 after buying an additional 59,248 shares during the last quarter. FMR LLC boosted its holdings in e.l.f. Beauty by 5.5% in the third quarter. FMR LLC now owns 1,186,766 shares of the company’s stock worth $129,393,000 after acquiring an additional 61,524 shares in the last quarter. Champlain Investment Partners LLC purchased a new stake in shares of e.l.f. Beauty during the third quarter worth about $121,558,000. Finally, Geode Capital Management LLC increased its holdings in shares of e.l.f. Beauty by 2.7% during the third quarter. Geode Capital Management LLC now owns 955,064 shares of the company’s stock valued at $104,158,000 after acquiring an additional 24,778 shares in the last quarter. 92.44% of the stock is 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.