Raymond James Cuts e.l.f. Beauty (NYSE:ELF) Price Target to $120.00

e.l.f. Beauty (NYSE:ELF) had its price target lowered by stock analysts at Raymond James from $175.00 to $120.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “strong-buy” rating on the stock. Raymond James’ target price would suggest a potential upside of 70.71% from the stock’s previous close.

ELF has been the subject of a number of other reports. Piper Sandler lowered their target price on e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating for the company in a report on Wednesday. Bank of America lowered their target price on e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Stifel Nicolaus lowered their target price on e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating for the company in a report on Monday. Jefferies Financial Group lowered their target price on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on e.l.f. Beauty in a report on Thursday, December 12th. They set a “hold” rating and a $133.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have assigned 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 company presently has an average rating of “Moderate Buy” and an average target price of $140.94.

e.l.f. Beauty Price Performance

NYSE ELF traded down $18.20 during mid-day trading on Friday, hitting $70.29. The stock had a trading volume of 17,469,758 shares, compared to its average volume of 2,843,022. e.l.f. Beauty has a twelve month low of $63.50 and a twelve month high of $221.83. The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of 37.55, a PEG ratio of 1.74 and a beta of 1.47. The firm’s 50 day moving average is $123.67 and its 200 day moving average is $128.61. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.41 earnings per share (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%. Equities research analysts forecast that e.l.f. Beauty will post 2.8 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other e.l.f. Beauty news, CEO Tarang Amin sold 890 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $122,464.00. Following the sale, the chief executive officer now directly owns 99,699 shares of the company’s stock, valued at approximately $13,718,582.40. This trade represents a 0.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Scott Milsten sold 530 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $72,928.00. Following the completion of the sale, the insider now directly owns 68,853 shares in the company, valued at approximately $9,474,172.80. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,205 shares of company stock worth $297,442. 3.50% of the stock is owned by corporate insiders.

Institutional Trading of e.l.f. Beauty

Hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. raised its holdings in shares of e.l.f. Beauty by 4.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,796 shares of the company’s stock worth $1,230,000 after purchasing an additional 404 shares during the period. Bank Julius Baer & Co. Ltd Zurich raised its holdings in shares of e.l.f. Beauty by 13.2% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 44,484 shares of the company’s stock worth $5,704,000 after purchasing an additional 5,175 shares during the period. Lisanti Capital Growth LLC purchased a new position in shares of e.l.f. Beauty in the 4th quarter worth about $5,403,000. Inceptionr LLC purchased a new position in shares of e.l.f. Beauty in the 4th quarter worth about $526,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of e.l.f. Beauty during the 4th quarter valued at about $68,775,000. 92.44% of the stock is owned by institutional investors and hedge funds.

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.