e.l.f. Beauty (NYSE:ELF) Given New $200.00 Price Target at Canaccord Genuity Group

e.l.f. Beauty (NYSE:ELF) had its price objective decreased by Canaccord Genuity Group from $250.00 to $200.00 in a report released on Thursday,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other analysts also recently weighed in on ELF. DA Davidson decreased their target price on e.l.f. Beauty from $223.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday. Jefferies Financial Group reduced their price objective on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Raymond James reaffirmed a “strong-buy” rating and set a $235.00 target price on shares of e.l.f. Beauty in a research report on Monday, July 22nd. Bank of America reduced their price target on shares of e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Finally, Piper Sandler restated an “overweight” rating and set a $165.00 price objective (up previously from $162.00) on shares of e.l.f. Beauty in a report on Thursday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $173.53.

e.l.f. Beauty Stock Performance

e.l.f. Beauty stock traded up $4.13 during trading hours on Thursday, reaching $120.20. 3,876,923 shares of the company were exchanged, compared to its average volume of 2,392,683. e.l.f. Beauty has a 12 month low of $92.16 and a 12 month high of $221.83. The company has a current ratio of 1.77, a quick ratio of 1.10 and a debt-to-equity ratio of 0.23. The stock has a 50-day moving average of $112.47 and a 200 day moving average of $155.89. The firm has a market cap of $6.78 billion, a price-to-earnings ratio of 64.97, a PEG ratio of 2.17 and a beta of 1.44.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.34. The business had revenue of $301.10 million for the quarter, compared to analyst estimates of $289.43 million. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.89%. e.l.f. Beauty’s revenue was up 39.7% compared to the same quarter last year. During the same period last year, the business posted $0.66 EPS. As a group, research analysts anticipate that e.l.f. Beauty will post 2.88 earnings per share for the current year.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,528 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 106,016 shares in the company, valued at $14,465,883.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.50% of the stock is owned by insiders.

Institutional Trading of e.l.f. Beauty

Hedge funds have recently modified their holdings of the company. Baillie Gifford & Co. acquired a new position in shares of e.l.f. Beauty in the 2nd quarter worth approximately $801,693,000. Swedbank AB acquired a new position in e.l.f. Beauty in the third quarter worth $76,321,000. Clearbridge Investments LLC bought a new stake in shares of e.l.f. Beauty during the first quarter worth $133,940,000. Thrivent Financial for Lutherans increased its stake in shares of e.l.f. Beauty by 223.2% in the third quarter. Thrivent Financial for Lutherans now owns 555,287 shares of the company’s stock valued at $60,543,000 after buying an additional 383,478 shares in the last quarter. Finally, Primecap Management Co. CA bought a new position in shares of e.l.f. Beauty in the third quarter valued at about $34,917,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

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.