e.l.f. Beauty (NYSE:ELF) Given New $170.00 Price Target at DA Davidson

e.l.f. Beauty (NYSE:ELF) had its price target dropped by DA Davidson from $223.00 to $170.00 in a report released on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. DA Davidson’s target price would indicate a potential upside of 48.26% from the company’s current price.

Other research analysts also recently issued reports about the stock. TD Cowen decreased their target price on shares of e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. Raymond James reiterated a “strong-buy” rating and issued a $235.00 target price on shares of e.l.f. Beauty in a research note on Monday, July 22nd. JPMorgan Chase & Co. dropped their target price on e.l.f. Beauty from $207.00 to $167.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. Bank of America lowered their price target on e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Finally, Baird R W upgraded e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 18th. 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $180.27.

e.l.f. Beauty Stock Up 10.1 %

NYSE ELF traded up $10.50 during trading on Thursday, hitting $114.66. The company’s stock had a trading volume of 1,562,218 shares, compared to its average volume of 1,845,112. e.l.f. Beauty has a fifty-two week low of $92.16 and a fifty-two week high of $221.83. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.77 and a quick ratio of 1.10. The company has a market cap of $6.47 billion, a PE ratio of 52.43, a P/E/G ratio of 2.16 and a beta of 1.44. The business’s 50 day simple moving average is $113.74 and its 200-day simple moving average is $156.46.

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

Insider Activity at e.l.f. Beauty

In related news, CEO Tarang Amin sold 23,528 shares of e.l.f. Beauty 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 transaction, the chief executive officer now owns 106,016 shares in the company, valued at approximately $14,465,883.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 3.50% of the company’s stock.

Institutional Trading of e.l.f. Beauty

Institutional investors have recently made changes to their positions in the company. Thrivent Financial for Lutherans lifted its holdings in shares of 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 acquiring an additional 383,478 shares during the last quarter. RiverPark Advisors LLC acquired a new position in e.l.f. Beauty during the third quarter worth $103,000. Peterson Financial Group Inc. acquired a new position in e.l.f. Beauty during the third quarter worth $45,000. Coastline Trust Co boosted its position in shares of e.l.f. Beauty by 97.4% during the third quarter. Coastline Trust Co now owns 7,156 shares of the company’s stock worth $780,000 after buying an additional 3,531 shares during the period. Finally, Sheaff Brock Investment Advisors LLC grew its stake in shares of e.l.f. Beauty by 9.4% in the third quarter. Sheaff Brock Investment Advisors LLC now owns 3,749 shares of the company’s stock valued at $409,000 after buying an additional 322 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Company Profile

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.