e.l.f. Beauty (NYSE:ELF) Stock Price Down 5.4% – What’s Next?

e.l.f. Beauty, Inc. (NYSE:ELF) shares traded down 5.4% on Tuesday . The stock traded as low as $120.32 and last traded at $120.13. 826,818 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 1,352,080 shares. The stock had previously closed at $126.95.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Bank of America lowered their price objective on e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Stifel Nicolaus decreased their target price on shares of e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating on the stock in a research report on Thursday, November 7th. Canaccord Genuity Group decreased their price target on shares of e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Jefferies Financial Group dropped their target price on shares of 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. Finally, The Goldman Sachs Group started coverage on e.l.f. Beauty in a research report on Friday, December 13th. They issued a “buy” rating and a $165.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $169.06.

e.l.f. Beauty Trading Down 5.7 %

The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. The company has a market cap of $6.74 billion, a price-to-earnings ratio of 64.63, a price-to-earnings-growth ratio of 2.21 and a beta of 1.50. The firm has a 50-day moving average price of $129.13 and a 200 day moving average price of $135.95.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.34. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The company had revenue of $301.10 million for the quarter, compared to analysts’ expectations of $289.43 million. During the same period in the prior year, the company earned $0.66 earnings per share. The firm’s revenue was up 39.7% compared to the same quarter last year. As a group, sell-side analysts forecast that e.l.f. Beauty, Inc. will post 2.79 EPS for the current year.

Insiders Place Their Bets

In other news, Director Maureen C. Watson sold 785 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $130.00, for a total transaction of $102,050.00. Following the completion of the transaction, the director now owns 1,888 shares of the company’s stock, valued at approximately $245,440. The trade was a 29.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Scott Milsten sold 530 shares of the business’s 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 transaction, the insider now directly owns 68,853 shares of the company’s stock, valued at $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 have sold 2,205 shares of company stock valued at $297,442 over the last quarter. Insiders own 3.50% of the company’s stock.

Institutional Trading of e.l.f. Beauty

Several hedge funds have recently added to or reduced their stakes in ELF. Wilmington Savings Fund Society FSB acquired a new stake in e.l.f. Beauty in the third quarter worth about $25,000. Planning Capital Management Corp boosted its holdings in shares of e.l.f. Beauty by 1,855.0% in the third quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock valued at $43,000 after acquiring an additional 371 shares in the last quarter. nVerses Capital LLC acquired a new position in shares of e.l.f. Beauty during the third quarter valued at approximately $44,000. Peterson Financial Group Inc. bought a new stake in e.l.f. Beauty during the third quarter worth approximately $45,000. Finally, Blue Trust Inc. lifted its position in e.l.f. Beauty by 2,357.1% in the third quarter. Blue Trust Inc. now owns 516 shares of the company’s stock worth $56,000 after purchasing an additional 495 shares during the period. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Company Profile

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.