e.l.f. Beauty (NYSE:ELF) Given New $150.00 Price Target at B. Riley

e.l.f. Beauty (NYSE:ELF) had its target price reduced by B. Riley from $175.00 to $150.00 in a report released on Thursday morning,Benzinga reports. B. Riley currently has a buy rating on the stock.

Other analysts have also issued reports about the stock. Raymond James restated a “strong-buy” rating and issued a $235.00 price objective on shares of e.l.f. Beauty in a report on Monday, July 22nd. Stifel Nicolaus decreased their price target on shares of e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating for the company in a research note on Thursday. JPMorgan Chase & Co. dropped their price objective on shares of e.l.f. Beauty from $167.00 to $154.00 and set an “overweight” rating on the stock in a research note on Thursday. DA Davidson decreased their target price on shares of e.l.f. Beauty from $223.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Piper Sandler reiterated an “overweight” rating and set a $165.00 target price (up from $162.00) on shares of e.l.f. Beauty in a report on Thursday. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $173.53.

e.l.f. Beauty Trading Up 3.5 %

ELF stock traded up $4.08 on Thursday, reaching $120.15. The company’s stock had a trading volume of 3,872,222 shares, compared to its average volume of 1,892,833. The firm has a market cap of $6.78 billion, a PE ratio of 55.27, a PEG ratio of 2.16 and a beta of 1.44. The business has a fifty day simple moving average of $113.06 and a two-hundred day simple moving average of $156.17. e.l.f. Beauty has a 12-month low of $92.16 and a 12-month high of $221.83. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.77.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Thursday, August 8th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.67 by $0.20. The firm had revenue of $324.48 million during the quarter, compared to analysts’ expectations of $303.60 million. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. As a group, research analysts forecast that e.l.f. Beauty will post 2.88 EPS for the current year.

Insider Activity at e.l.f. Beauty

In other news, CEO Tarang Amin sold 23,528 shares of the business’s 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 transaction, the chief executive officer now directly owns 106,016 shares in the company, valued at $14,465,883.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.50% of the stock is owned by corporate insiders.

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

Hedge funds have recently modified their holdings of the stock. Ashton Thomas Private Wealth LLC bought a new stake in e.l.f. Beauty in the 2nd quarter valued at $26,000. Matrix Trust Co purchased a new stake in shares of e.l.f. Beauty in the second quarter worth about $27,000. Innealta Capital LLC purchased a new stake in shares of e.l.f. Beauty in the second quarter worth about $30,000. Whittier Trust Co. of Nevada Inc. boosted its stake in e.l.f. Beauty by 405.9% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock valued at $36,000 after buying an additional 138 shares during the last quarter. Finally, Crewe Advisors LLC grew its holdings in e.l.f. Beauty by 456.3% during the 2nd quarter. Crewe Advisors LLC now owns 178 shares of the company’s stock valued at $38,000 after buying an additional 146 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

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.