e.l.f. Beauty (NYSE:ELF) Price Target Cut to $33.00

e.l.f. Beauty (NYSE:ELFGet Rating) had its price objective lowered by analysts at Raymond James from $35.00 to $33.00 in a report released on Monday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price objective indicates a potential upside of 28.91% from the stock’s previous close.

Several other equities analysts have also commented on ELF. Zacks Investment Research lowered e.l.f. Beauty from a “hold” rating to a “sell” rating in a research report on Thursday, January 27th. JPMorgan Chase & Co. dropped their target price on e.l.f. Beauty from $38.00 to $31.00 and set an “overweight” rating for the company in a report on Wednesday, March 30th. Piper Sandler dropped their target price on e.l.f. Beauty from $34.00 to $32.00 in a report on Tuesday, January 25th. StockNews.com started coverage on e.l.f. Beauty in a report on Thursday, March 31st. They set a “hold” rating for the company. Finally, DA Davidson increased their target price on e.l.f. Beauty from $40.00 to $41.00 and gave the company a “buy” rating in a report on Thursday, February 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, e.l.f. Beauty currently has an average rating of “Hold” and a consensus price target of $34.13.

e.l.f. Beauty stock opened at $25.60 on Monday. The stock has a market cap of $1.33 billion, a P/E ratio of 67.37 and a beta of 2.01. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.60 and a current ratio of 2.96. e.l.f. Beauty has a fifty-two week low of $22.22 and a fifty-two week high of $33.63. The firm’s fifty day moving average price is $25.81 and its 200-day moving average price is $28.88.

e.l.f. Beauty (NYSE:ELFGet Rating) last announced its quarterly earnings data on Wednesday, February 2nd. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.08 by $0.06. The firm had revenue of $98.12 million for the quarter, compared to analyst estimates of $95.05 million. e.l.f. Beauty had a return on equity of 10.77% and a net margin of 5.32%. The company’s revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.15 EPS. Sell-side analysts predict that e.l.f. Beauty will post 0.52 earnings per share for the current year.

In related news, insider Scott Milsten sold 25,027 shares of e.l.f. Beauty stock in a transaction that occurred on Thursday, March 3rd. The stock was sold at an average price of $25.47, for a total transaction of $637,437.69. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Tarang Amin sold 42,561 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, April 1st. The shares were sold at an average price of $26.02, for a total value of $1,107,437.22. Following the sale, the chief executive officer now owns 439,674 shares in the company, valued at $11,440,317.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 106,107 shares of company stock valued at $2,728,706. Company insiders own 11.10% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UMB Bank N A MO bought a new stake in e.l.f. Beauty in the fourth quarter worth $29,000. First Horizon Advisors Inc. boosted its holdings in e.l.f. Beauty by 767.3% in the third quarter. First Horizon Advisors Inc. now owns 902 shares of the company’s stock worth $37,000 after acquiring an additional 798 shares in the last quarter. Huntington National Bank boosted its holdings in e.l.f. Beauty by 125.9% in the fourth quarter. Huntington National Bank now owns 1,796 shares of the company’s stock worth $60,000 after acquiring an additional 1,001 shares in the last quarter. NEXT Financial Group Inc boosted its holdings in e.l.f. Beauty by 2,175.3% in the fourth quarter. NEXT Financial Group Inc now owns 1,934 shares of the company’s stock worth $64,000 after acquiring an additional 1,849 shares in the last quarter. Finally, Sandy Cove Advisors LLC bought a new stake in e.l.f. Beauty in the fourth quarter worth $70,000. Institutional investors own 94.86% of the company’s stock.

About e.l.f. Beauty (Get Rating)

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f., W3LL PEOPLE, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, 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.

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