B. Riley Issues Pessimistic Forecast for e.l.f. Beauty (NYSE:ELF) Stock Price

e.l.f. Beauty (NYSE:ELF) had its price objective cut by equities research analysts at B. Riley from $175.00 to $150.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. B. Riley’s price target suggests a potential upside of 28.99% from the company’s previous close.

Other research analysts have also issued research reports about the stock. Piper Sandler reiterated an “overweight” rating and issued a $165.00 price target (up previously from $162.00) on shares of e.l.f. Beauty in a research note on Thursday. Stifel Nicolaus decreased their price target on shares of e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating on the stock in a research note on Thursday. UBS Group decreased their target price on shares of e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Raymond James restated a “strong-buy” rating and set a $235.00 target price on shares of e.l.f. Beauty in a research report on Monday, July 22nd. Finally, Morgan Stanley decreased their target price on shares of e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating on the stock in a research report on Monday, September 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $173.53.

e.l.f. Beauty Stock Up 11.6 %

NYSE:ELF traded up $12.13 on Thursday, hitting $116.29. 8,797,259 shares of the company’s stock were exchanged, compared to its average volume of 1,877,065. The firm has a 50-day moving average price of $113.74 and a 200-day moving average price of $156.46. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.77 and a quick ratio of 1.10. e.l.f. Beauty has a 52 week low of $92.16 and a 52 week high of $221.83. The company has a market cap of $6.56 billion, a P/E ratio of 56.12, a price-to-earnings-growth ratio of 2.16 and a beta of 1.44.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Thursday, August 8th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.20. The company had revenue of $324.48 million for the quarter, compared to analysts’ expectations of $303.60 million. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. As a group, analysts expect 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 23,528 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $136.45, for a total value of $3,210,395.60. Following the sale, the chief executive officer now owns 106,016 shares of the company’s stock, valued at $14,465,883.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.50% of the stock is currently owned by insiders.

Institutional Trading of e.l.f. Beauty

Institutional investors have recently bought and sold shares of the company. Quest Partners LLC bought a new position in shares of e.l.f. Beauty during the 3rd quarter worth about $173,000. Swiss National Bank raised its holdings in shares of e.l.f. Beauty by 0.8% in the 3rd quarter. Swiss National Bank now owns 110,100 shares of the company’s stock worth $12,004,000 after acquiring an additional 900 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of e.l.f. Beauty by 223.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 555,287 shares of the company’s stock worth $60,543,000 after acquiring an additional 383,478 shares during the last quarter. RiverPark Advisors LLC acquired a new stake in shares of e.l.f. Beauty in the 3rd quarter worth about $103,000. Finally, Peterson Financial Group Inc. acquired a new stake in shares of e.l.f. Beauty in the 3rd quarter worth about $45,000. Institutional investors own 92.44% of the company’s stock.

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.