e.l.f. Beauty (NYSE:ELF) Stock Price Down 3.5%

e.l.f. Beauty, Inc. (NYSE:ELF)’s stock price dropped 3.5% during trading on Monday . The company traded as low as $171.53 and last traded at $173.26. Approximately 1,002,999 shares were traded during mid-day trading, a decline of 37% from the average daily volume of 1,585,446 shares. The stock had previously closed at $179.63.

Wall Street Analyst Weigh In

A number of research firms have commented on ELF. Bank of America boosted their target price on e.l.f. Beauty from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Robert W. Baird started coverage on shares of e.l.f. Beauty in a research note on Tuesday, January 30th. They set a “neutral” rating and a $185.00 price objective for the company. Truist Financial raised their target price on shares of e.l.f. Beauty from $150.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Stifel Nicolaus upped their price target on shares of e.l.f. Beauty from $141.00 to $167.00 and gave the stock a “hold” rating in a research report on Wednesday, February 7th. Finally, Piper Sandler boosted their price objective on shares of e.l.f. Beauty from $225.00 to $228.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $184.33.

e.l.f. Beauty Trading Down 4.3 %

The firm has a market cap of $9.54 billion, a price-to-earnings ratio of 79.98, a price-to-earnings-growth ratio of 1.69 and a beta of 1.57. The business has a 50 day moving average price of $186.57 and a 200-day moving average price of $152.19. The company has a quick ratio of 0.83, a current ratio of 1.50 and a debt-to-equity ratio of 0.27.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Tuesday, February 6th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.11. The business had revenue of $270.94 million for the quarter, compared to analysts’ expectations of $239.66 million. e.l.f. Beauty had a net margin of 14.53% and a return on equity of 28.98%. As a group, research analysts expect that e.l.f. Beauty, Inc. will post 2.5 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Tarang Amin sold 23,519 shares of e.l.f. Beauty stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $198.89, for a total transaction of $4,677,693.91. Following the sale, the chief executive officer now directly owns 10,889 shares of the company’s stock, valued at $2,165,713.21. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Mandy J. Fields sold 1,250 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $174.90, for a total value of $218,625.00. Following the completion of the sale, the insider now directly owns 77,146 shares of the company’s stock, valued at $13,492,835.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Tarang Amin sold 23,519 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $198.89, for a total value of $4,677,693.91. Following the sale, the chief executive officer now owns 10,889 shares in the company, valued at approximately $2,165,713.21. The disclosure for this sale can be found here. Insiders have sold 178,081 shares of company stock worth $30,457,064 in the last quarter. 5.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On e.l.f. Beauty

Institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC grew its holdings in shares of e.l.f. Beauty by 641.2% during the third quarter. FMR LLC now owns 832,404 shares of the company’s stock valued at $91,423,000 after purchasing an additional 720,098 shares during the last quarter. State of Alaska Department of Revenue grew its stake in e.l.f. Beauty by 0.3% during the 4th quarter. State of Alaska Department of Revenue now owns 33,993 shares of the company’s stock worth $4,906,000 after buying an additional 85 shares during the last quarter. First Dallas Securities Inc. acquired a new stake in e.l.f. Beauty in the third quarter worth $3,569,000. Roman Butler Fullerton & Co. bought a new stake in e.l.f. Beauty in the fourth quarter valued at $1,294,000. Finally, William Blair Investment Management LLC boosted its holdings in shares of e.l.f. Beauty by 58.2% during the third quarter. William Blair Investment Management LLC now owns 1,424,268 shares of the company’s stock valued at $156,427,000 after acquiring an additional 523,903 shares during the period. 92.44% of the stock is owned by institutional investors and hedge funds.

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.