e.l.f. Beauty (NYSE:ELF) Given New $115.00 Price Target at Stifel Nicolaus

e.l.f. Beauty (NYSE:ELF) had its target price lowered by Stifel Nicolaus from $131.00 to $115.00 in a report issued on Thursday morning,Benzinga reports. The firm currently has a hold rating on the stock.

ELF has been the topic of a number of other reports. DA Davidson reduced their price target on shares of e.l.f. Beauty from $223.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday. Morgan Stanley lowered their price target on shares of e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating on the stock in a report on Monday, September 30th. Baird R W upgraded e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 18th. TD Cowen decreased their price objective on e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, September 12th. Finally, UBS Group dropped their target price on e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, e.l.f. Beauty has an average rating of “Moderate Buy” and an average target price of $173.53.

e.l.f. Beauty Trading Up 3.5 %

ELF traded up $4.08 during trading on Thursday, hitting $120.15. 3,872,222 shares of the stock were exchanged, compared to its average volume of 1,892,833. e.l.f. Beauty has a 1 year low of $92.16 and a 1 year high of $221.83. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.77. The firm has a 50 day simple moving average of $113.06 and a 200 day simple moving average of $156.17. The firm has a market cap of $6.78 billion, a price-to-earnings ratio of 55.27, a P/E/G ratio of 2.16 and a beta of 1.44.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Thursday, August 8th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.20. e.l.f. Beauty had a return on equity of 23.30% and a net margin of 10.80%. The company had revenue of $324.48 million for the quarter, compared to analyst estimates of $303.60 million. As a group, equities analysts expect that e.l.f. Beauty will post 2.88 EPS for the current year.

Insider Transactions at e.l.f. Beauty

In related news, CEO Tarang Amin sold 23,528 shares of the business’s 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ELF. Ashton Thomas Private Wealth LLC acquired a new position in shares of e.l.f. Beauty during the second quarter worth about $26,000. Matrix Trust Co acquired a new stake in shares of e.l.f. Beauty in the 2nd quarter valued at approximately $27,000. Innealta Capital LLC purchased a new stake in shares of e.l.f. Beauty in the second quarter valued at approximately $30,000. Whittier Trust Co. of Nevada Inc. grew its holdings in e.l.f. Beauty by 405.9% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock worth $36,000 after acquiring an additional 138 shares during the period. Finally, Crewe Advisors LLC raised its position in e.l.f. Beauty by 456.3% in the second quarter. Crewe Advisors LLC now owns 178 shares of the company’s stock worth $38,000 after acquiring an additional 146 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

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.