e.l.f. Beauty (NYSE:ELF) Given New $105.00 Price Target at Canaccord Genuity Group

e.l.f. Beauty (NYSE:ELF) had its price target dropped by equities research analysts at Canaccord Genuity Group from $174.00 to $105.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 46.71% from the company’s previous close.

Several other analysts have also commented on the stock. Robert W. Baird dropped their price target on shares of e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. Piper Sandler decreased their price objective on shares of e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating on the stock in a report on Wednesday. The Goldman Sachs Group began coverage on shares of e.l.f. Beauty in a research note on Friday, December 13th. They issued a “buy” rating and a $165.00 price target on the stock. Raymond James reduced their target price on shares of e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating on the stock in a research note on Friday. Finally, B. Riley reiterated a “buy” rating and set a $90.00 price target (down from $150.00) on shares of e.l.f. Beauty in a research report on Friday. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $134.00.

e.l.f. Beauty Stock Down 19.1 %

NYSE:ELF traded down $16.92 during midday trading on Friday, reaching $71.57. 20,601,656 shares of the stock traded hands, compared to its average volume of 2,966,581. The business has a 50-day moving average of $123.67 and a two-hundred day moving average of $128.61. The stock has a market capitalization of $4.03 billion, a PE ratio of 38.51, a price-to-earnings-growth ratio of 1.74 and a beta of 1.47. e.l.f. Beauty has a 12-month low of $63.50 and a 12-month high of $221.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. On average, equities analysts forecast that e.l.f. Beauty will post 2.8 earnings per share for the current fiscal year.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 890 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $122,464.00. Following the transaction, the chief executive officer now directly owns 99,699 shares of the company’s stock, valued at approximately $13,718,582.40. The trade was a 0.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Maureen C. Watson sold 785 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $130.00, for a total transaction of $102,050.00. Following the completion of the transaction, the director now directly owns 1,888 shares in the company, valued at $245,440. This represents a 29.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,205 shares of company stock worth $297,442 in the last 90 days. 3.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Robbins Farley raised its holdings in e.l.f. Beauty by 27.1% in the fourth quarter. Robbins Farley now owns 34,396 shares of the company’s stock valued at $4,318,000 after buying an additional 7,335 shares during the period. Pacer Advisors Inc. raised its holdings in e.l.f. Beauty by 43.4% in the fourth quarter. Pacer Advisors Inc. now owns 11,802 shares of the company’s stock valued at $1,482,000 after buying an additional 3,572 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in e.l.f. Beauty by 1,380.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,284 shares of the company’s stock valued at $1,775,000 after acquiring an additional 15,184 shares in the last quarter. Ibex Wealth Advisors purchased a new stake in shares of e.l.f. Beauty during the fourth quarter valued at approximately $5,519,000. Finally, Capricorn Fund Managers Ltd purchased a new stake in shares of e.l.f. Beauty during the fourth quarter valued at approximately $7,118,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

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.