DA Davidson Lowers e.l.f. Beauty (NYSE:ELF) Price Target to $75.00

e.l.f. Beauty (NYSE:ELF) had its price objective cut by equities research analysts at DA Davidson from $80.00 to $75.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. DA Davidson’s target price would suggest a potential upside of 13.08% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. The Goldman Sachs Group decreased their price target on e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Deutsche Bank Aktiengesellschaft assumed coverage on e.l.f. Beauty in a report on Thursday, December 12th. They issued a “hold” rating and a $133.00 target price on the stock. UBS Group restated a “neutral” rating and issued a $74.00 price target (down from $158.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. JPMorgan Chase & Co. increased their price target on e.l.f. Beauty from $154.00 to $163.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Finally, Piper Sandler lowered their target price on e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $132.65.

e.l.f. Beauty Stock Down 2.7 %

Shares of NYSE ELF traded down $1.86 during mid-day trading on Monday, reaching $66.33. 316,596 shares of the company’s stock were exchanged, compared to its average volume of 2,201,196. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of 39.31, a PEG ratio of 6.76 and a beta of 1.60. The business has a fifty day simple moving average of $92.02 and a 200 day simple moving average of $110.56. e.l.f. Beauty has a twelve month low of $61.90 and a twelve month high of $219.77.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. As a group, equities analysts expect that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Maureen C. Watson sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $67.39, for a total value of $269,560.00. Following the completion of the sale, the director now directly owns 1,888 shares in the company, valued at approximately $127,232.32. The trade was a 67.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.50% of the company’s stock.

Institutional Trading of e.l.f. Beauty

A number of institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC raised its stake in e.l.f. Beauty by 3.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,872 shares of the company’s stock worth $361,000 after buying an additional 91 shares in the last quarter. Truist Financial Corp lifted its stake in shares of e.l.f. Beauty by 1.3% in the 4th quarter. Truist Financial Corp now owns 7,885 shares of the company’s stock valued at $990,000 after purchasing an additional 102 shares during the period. Arizona State Retirement System grew its stake in e.l.f. Beauty by 0.8% in the fourth quarter. Arizona State Retirement System now owns 16,365 shares of the company’s stock worth $2,055,000 after purchasing an additional 128 shares during the period. Treasurer of the State of North Carolina increased its stake in shares of e.l.f. Beauty by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 23,630 shares of the company’s stock worth $2,967,000 after acquiring an additional 140 shares in the last quarter. Finally, Atria Wealth Solutions Inc. increased its stake in shares of e.l.f. Beauty by 7.7% during the fourth quarter. Atria Wealth Solutions Inc. now owns 2,089 shares of the company’s stock valued at $262,000 after purchasing an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

About e.l.f. Beauty

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.