The Goldman Sachs Group Has Lowered Expectations for e.l.f. Beauty (NYSE:ELF) Stock Price

e.l.f. Beauty (NYSE:ELF) had its price objective lowered by stock analysts at The Goldman Sachs Group from $165.00 to $142.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group’s price target points to a potential upside of 99.23% from the stock’s current price.

Other research analysts also recently issued reports about the stock. DA Davidson downgraded shares of e.l.f. Beauty from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $170.00 to $80.00 in a research report on Friday. JPMorgan Chase & Co. boosted their price objective on shares of e.l.f. Beauty from $154.00 to $163.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. B. Riley reiterated a “buy” rating and set a $90.00 target price (down from $150.00) on shares of e.l.f. Beauty in a research note on Friday. Piper Sandler cut their target price on shares of e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Raymond James dropped their price objective on shares of e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating for the company in a research note on Friday. One analyst has rated the stock with a sell rating, five have given a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $134.00.

e.l.f. Beauty Trading Down 19.5 %

Shares of ELF stock traded down $17.22 during mid-day trading on Friday, reaching $71.28. The company’s stock had a trading volume of 20,076,602 shares, compared to its average volume of 2,953,557. e.l.f. Beauty has a 12-month low of $63.50 and a 12-month high of $221.83. The firm has a market capitalization of $4.01 billion, a PE ratio of 38.84, a price-to-earnings-growth ratio of 1.74 and a beta of 1.47. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22. The company’s 50 day simple moving average is $123.67 and its 200-day simple moving average is $128.61.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.41 EPS 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, research analysts predict that e.l.f. Beauty will post 2.8 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Scott Milsten sold 530 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $72,928.00. Following the completion of the transaction, the insider now directly owns 68,853 shares in the company, valued at $9,474,172.80. This trade represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Maureen C. Watson sold 785 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was 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 of the company’s stock, valued at $245,440. This represents a 29.37 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,205 shares of company stock worth $297,442. 3.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC increased its position in e.l.f. Beauty by 3.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,872 shares of the company’s stock worth $361,000 after purchasing an additional 91 shares during the period. Truist Financial Corp raised its holdings in e.l.f. Beauty by 1.3% in the 4th quarter. Truist Financial Corp now owns 7,885 shares of the company’s stock valued at $990,000 after acquiring an additional 102 shares during the period. Arizona State Retirement System increased its holdings in shares of e.l.f. Beauty by 0.8% during the fourth quarter. Arizona State Retirement System now owns 16,365 shares of the company’s stock worth $2,055,000 after purchasing an additional 128 shares during the period. Cetera Trust Company N.A boosted its position in shares of e.l.f. Beauty by 14.4% during the 3rd quarter. Cetera Trust Company N.A now owns 1,030 shares of the company’s stock worth $112,000 after acquiring an additional 130 shares in the last quarter. Finally, Atria Wealth Solutions Inc. boosted its position in e.l.f. Beauty by 7.7% in the fourth quarter. Atria Wealth Solutions Inc. now owns 2,089 shares of the company’s stock valued at $262,000 after buying an additional 150 shares in the last quarter. 92.44% of the stock is owned by institutional investors.

e.l.f. Beauty Company Profile

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.