Jefferies Financial Group Lowers e.l.f. Beauty (NYSE:ELF) Price Target to $175.00

e.l.f. Beauty (NYSE:ELF) had its price objective lowered by Jefferies Financial Group from $220.00 to $175.00 in a research report report published on Wednesday morning, Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

ELF has been the topic of several other reports. Bank of America cut their price objective on e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Stifel Nicolaus cut their price objective on e.l.f. Beauty from $161.00 to $131.00 and set a “hold” rating on the stock in a research report on Thursday, October 24th. Robert W. Baird cut their price objective on 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. JPMorgan Chase & Co. cut their price objective on e.l.f. Beauty from $207.00 to $167.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. Finally, TD Cowen cut their price objective on e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, e.l.f. Beauty presently has an average rating of “Moderate Buy” and an average target price of $183.80.

e.l.f. Beauty Trading Down 2.0 %

Shares of ELF opened at $103.12 on Wednesday. The company has a current ratio of 1.77, a quick ratio of 1.10 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $5.81 billion, a P/E ratio of 49.10, a price-to-earnings-growth ratio of 2.19 and a beta of 1.44. The stock’s fifty day simple moving average is $116.65 and its 200 day simple moving average is $157.68. e.l.f. Beauty has a twelve month low of $90.34 and a twelve month high of $221.83.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Thursday, August 8th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.20. The business had revenue of $324.48 million for the quarter, compared to analyst estimates of $303.60 million. e.l.f. Beauty had a return on equity of 23.30% and a net margin of 10.80%. On average, equities research analysts forecast that e.l.f. Beauty will post 2.88 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Tarang Amin sold 23,528 shares of e.l.f. Beauty stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $136.45, for a total value of $3,210,395.60. Following the completion of the transaction, the chief executive officer now directly owns 106,016 shares in the company, valued at approximately $14,465,883.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.50% of the company’s stock.

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

Hedge funds have recently bought and sold shares of the company. Canada Pension Plan Investment Board acquired a new position in e.l.f. Beauty in the second quarter worth about $6,659,000. Cetera Investment Advisers boosted its stake in e.l.f. Beauty by 33.8% in the second quarter. Cetera Investment Advisers now owns 39,319 shares of the company’s stock valued at $8,285,000 after acquiring an additional 9,939 shares during the period. Clearbridge Investments LLC boosted its stake in e.l.f. Beauty by 84.4% in the second quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock valued at $265,432,000 after acquiring an additional 576,383 shares during the period. Swiss National Bank boosted its stake in e.l.f. Beauty by 0.5% in the first quarter. Swiss National Bank now owns 108,900 shares of the company’s stock valued at $21,348,000 after acquiring an additional 500 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its stake in e.l.f. Beauty by 55.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 730,377 shares of the company’s stock valued at $79,633,000 after acquiring an additional 261,707 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

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.