e.l.f. Beauty (NYSE:ELF) PT Lowered to $150.00 at TD Cowen

e.l.f. Beauty (NYSE:ELF) had its price objective cut by TD Cowen from $235.00 to $150.00 in a report released on Thursday morning, Benzinga reports. They currently have a buy rating on the stock.

ELF has been the topic of a number of other reports. Piper Sandler reaffirmed an overweight rating and issued a $260.00 target price on shares of e.l.f. Beauty in a report on Monday, August 26th. DA Davidson reissued a buy rating and issued a $223.00 price objective on shares of e.l.f. Beauty in a research note on Wednesday. B. Riley assumed coverage on shares of e.l.f. Beauty in a research note on Tuesday, September 10th. They issued a buy rating and a $175.00 price objective on the stock. Canaccord Genuity Group boosted their price objective on shares of e.l.f. Beauty from $214.00 to $250.00 and gave the company a buy rating in a research note on Tuesday, June 18th. Finally, Robert W. Baird boosted their price objective on shares of e.l.f. Beauty from $230.00 to $240.00 and gave the company an outperform rating in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, e.l.f. Beauty currently has a consensus rating of Moderate Buy and an average target price of $205.33.

e.l.f. Beauty Stock Up 1.7 %

Shares of NYSE:ELF opened at $116.63 on Thursday. The company has a market capitalization of $6.58 billion, a PE ratio of 52.54, a P/E/G ratio of 2.37 and a beta of 1.44. 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 twelve month low of $88.47 and a twelve month high of $221.83. The firm has a 50 day simple moving average of $162.94 and a 200-day simple moving average of $177.71.

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

Insider Buying and Selling

In related news, CEO Tarang Amin sold 15,386 shares of the business’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $200.85, for a total value of $3,090,278.10. Following the sale, the chief executive officer now directly owns 171,329 shares in the company, valued at approximately $34,411,429.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 3,370 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $201.28, for a total value of $678,313.60. Following the transaction, the senior vice president now directly owns 71,986 shares in the company, valued at approximately $14,489,342.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Tarang Amin sold 15,386 shares of the company’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $200.85, for a total transaction of $3,090,278.10. Following the completion of the transaction, the chief executive officer now owns 171,329 shares in the company, valued at $34,411,429.65. The disclosure for this sale can be found here. Insiders have sold 19,304 shares of company stock worth $3,864,492 in the last three months. Corporate insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ELF. Precision Wealth Strategies LLC purchased a new position in e.l.f. Beauty in the 4th quarter valued at about $254,000. Principal Securities Inc. purchased a new position in e.l.f. Beauty in the 4th quarter valued at about $117,000. QRG Capital Management Inc. lifted its holdings in e.l.f. Beauty by 10.4% in the 4th quarter. QRG Capital Management Inc. now owns 3,025 shares of the company’s stock valued at $437,000 after purchasing an additional 284 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of e.l.f. Beauty by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 952,863 shares of the company’s stock valued at $137,538,000 after acquiring an additional 7,999 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its stake in shares of e.l.f. Beauty by 28.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,310 shares of the company’s stock valued at $622,000 after acquiring an additional 952 shares during the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

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.