e.l.f. Beauty (NYSE:ELF) Shares Down 3.5%

e.l.f. Beauty, Inc. (NYSE:ELF)’s stock price fell 3.5% during mid-day trading on Monday . The company traded as low as $171.53 and last traded at $173.26. 1,002,999 shares were traded during mid-day trading, a decline of 37% from the average session volume of 1,585,446 shares. The stock had previously closed at $179.63.

Analysts Set New Price Targets

ELF has been the subject of several recent analyst reports. Robert W. Baird initiated coverage on e.l.f. Beauty in a research note on Tuesday, January 30th. They set a “neutral” rating and a $185.00 target price for the company. Raymond James increased their price target on e.l.f. Beauty from $140.00 to $180.00 and gave the stock a “strong-buy” rating in a report on Monday, January 22nd. Morgan Stanley upped their target price on e.l.f. Beauty from $168.00 to $184.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. JPMorgan Chase & Co. lifted their price target on shares of e.l.f. Beauty from $130.00 to $175.00 and gave the company an “overweight” rating in a research report on Thursday, January 18th. Finally, StockNews.com downgraded shares of e.l.f. Beauty from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $184.33.

e.l.f. Beauty Stock Down 4.3 %

The company has a market capitalization of $9.54 billion, a PE ratio of 79.98, a P/E/G ratio of 1.69 and a beta of 1.57. The company has a quick ratio of 0.83, a current ratio of 1.50 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average of $186.57 and a 200 day moving average of $152.19.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.11. The company had revenue of $270.94 million during the quarter, compared to analyst estimates of $239.66 million. e.l.f. Beauty had a net margin of 14.53% and a return on equity of 28.98%. Sell-side analysts anticipate that e.l.f. Beauty, Inc. will post 2.5 EPS for the current year.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 727 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $165.16, for a total transaction of $120,071.32. Following the completion of the transaction, the senior vice president now directly owns 83,736 shares of the company’s stock, valued at $13,829,837.76. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 727 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $165.16, for a total transaction of $120,071.32. Following the completion of the transaction, the senior vice president now owns 83,736 shares in the company, valued at $13,829,837.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kory Marchisotto sold 29,408 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $166.40, for a total transaction of $4,893,491.20. Following the completion of the sale, the insider now directly owns 156,969 shares in the company, valued at approximately $26,119,641.60. The disclosure for this sale can be found here. Insiders sold a total of 178,081 shares of company stock worth $30,457,064 in the last quarter. Insiders own 5.20% of the company’s stock.

Hedge Funds Weigh In On e.l.f. Beauty

A number of large investors have recently made changes to their positions in ELF. Guidance Capital Inc. raised its stake in shares of e.l.f. Beauty by 1.6% during the 4th quarter. Guidance Capital Inc. now owns 3,510 shares of the company’s stock valued at $490,000 after purchasing an additional 56 shares during the period. First Trust Direct Indexing L.P. increased its position in shares of e.l.f. Beauty by 3.2% during the fourth quarter. First Trust Direct Indexing L.P. now owns 2,106 shares of the company’s stock valued at $304,000 after buying an additional 65 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of e.l.f. Beauty by 0.3% in the fourth quarter. State of Alaska Department of Revenue now owns 33,993 shares of the company’s stock worth $4,906,000 after buying an additional 85 shares in the last quarter. GAMMA Investing LLC grew its position in shares of e.l.f. Beauty by 33.2% during the 1st quarter. GAMMA Investing LLC now owns 353 shares of the company’s stock valued at $69,000 after purchasing an additional 88 shares in the last quarter. Finally, American International Group Inc. increased its position in shares of e.l.f. Beauty by 0.3% in the fourth quarter. American International Group Inc. now owns 29,435 shares of the company’s stock worth $4,249,000 after purchasing an additional 90 shares during the last quarter. 92.44% of the stock is owned by 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.