Truist Financial Cuts e.l.f. Beauty (NYSE:ELF) Price Target to $130.00

e.l.f. Beauty (NYSE:ELF) had its price target cut by research analysts at Truist Financial from $210.00 to $130.00 in a research report issued on Wednesday, Briefing.com reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price target indicates a potential upside of 18.25% from the stock’s previous close.

Several other equities analysts have also issued reports on ELF. Stifel Nicolaus boosted their price objective on e.l.f. Beauty from $151.00 to $161.00 and gave the company a “hold” rating in a research report on Monday, July 22nd. B. Riley began coverage on e.l.f. Beauty in a research report on Tuesday, September 10th. They issued a “buy” rating and a $175.00 price objective for the company. DA Davidson reiterated a “buy” rating and issued a $223.00 price objective on shares of e.l.f. Beauty in a research report on Tuesday. Baird R W upgraded e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 18th. Finally, Raymond James restated a “strong-buy” rating and issued a $235.00 target price on shares of e.l.f. Beauty in a research note on Monday, July 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, e.l.f. Beauty has an average rating of “Moderate Buy” and an average target price of $191.21.

e.l.f. Beauty Price Performance

Shares of ELF opened at $109.94 on Wednesday. The company has a current ratio of 1.77, a quick ratio of 1.10 and a debt-to-equity ratio of 0.23. e.l.f. Beauty has a 1 year low of $88.47 and a 1 year high of $221.83. The stock has a market cap of $6.15 billion, a P/E ratio of 49.52, a price-to-earnings-growth ratio of 2.19 and a beta of 1.43. The stock’s 50-day moving average price is $130.84 and its two-hundred day moving average price is $163.17.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.20. e.l.f. Beauty had a return on equity of 23.30% and a net margin of 10.80%. The business had revenue of $324.48 million during the quarter, compared to analyst estimates of $303.60 million. On average, equities analysts predict that e.l.f. Beauty will post 2.88 earnings per share for the current year.

Insider Transactions at e.l.f. Beauty

In other news, CEO Tarang Amin sold 548 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $175.00, for a total transaction of $95,900.00. Following the sale, the chief executive officer now owns 214,507 shares in the company, valued at $37,538,725. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Ashton Thomas Private Wealth LLC acquired a new position in shares of e.l.f. Beauty during the 2nd quarter worth approximately $26,000. Matrix Trust Co acquired a new position in shares of e.l.f. Beauty during the 2nd quarter worth approximately $27,000. Innealta Capital LLC acquired a new position in shares of e.l.f. Beauty during the 2nd quarter worth approximately $30,000. Harbor Investment Advisory LLC acquired a new position in shares of e.l.f. Beauty during the 1st quarter worth approximately $31,000. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of e.l.f. Beauty by 405.9% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock worth $36,000 after acquiring an additional 138 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

e.l.f. Beauty Company Profile

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.