Piper Sandler Cuts e.l.f. Beauty (NYSE:ELF) Price Target to $162.00

e.l.f. Beauty (NYSE:ELF) had its price objective cut by Piper Sandler from $260.00 to $162.00 in a research note published on Monday morning, Benzinga reports. They currently have an overweight rating on the stock.

Other equities research analysts have also recently issued reports about the stock. B. Riley started coverage on shares of e.l.f. Beauty in a research report on Tuesday, September 10th. They issued a buy rating and a $175.00 target price on the stock. UBS Group decreased their price target on shares of e.l.f. Beauty from $250.00 to $230.00 and set a buy rating on the stock in a report on Friday, August 9th. Baird R W upgraded e.l.f. Beauty from a hold rating to a strong-buy rating in a report on Thursday, July 18th. Robert W. Baird lifted their target price on e.l.f. Beauty from $230.00 to $240.00 and gave the company an outperform rating in a report on Friday, August 9th. Finally, Raymond James reissued a strong-buy rating and set a $235.00 price target on shares of e.l.f. Beauty in a research report on Monday, July 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, e.l.f. Beauty currently has a consensus rating of Moderate Buy and a consensus target price of $198.80.

e.l.f. Beauty Stock Down 0.0 %

Shares of NYSE ELF opened at $114.62 on Monday. The firm’s 50 day moving average price is $155.66 and its 200 day moving average price is $175.25. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.77. The firm has a market cap of $6.41 billion, a P/E ratio of 51.63, a price-to-earnings-growth ratio of 2.37 and a beta of 1.45. e.l.f. Beauty has a 1 year low of $88.47 and a 1 year high of $221.83.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.87 earnings per share (EPS) 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 analysts’ expectations of $303.60 million. e.l.f. Beauty had a return on equity of 23.30% and a net margin of 10.80%. As a group, sell-side analysts anticipate that e.l.f. Beauty will post 2.88 earnings per share for the current year.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 15,386 shares of the company’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $200.85, for a total value of $3,090,278.10. Following the completion of the transaction, the chief executive officer now owns 171,329 shares in the company, valued at approximately $34,411,429.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other e.l.f. Beauty news, CEO Tarang Amin sold 15,386 shares of the business’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $200.85, for a total value of $3,090,278.10. Following the transaction, the chief executive officer now owns 171,329 shares in the company, valued at approximately $34,411,429.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Joshua Allen Franks sold 3,370 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $201.28, for a total value of $678,313.60. Following the sale, the senior vice president now owns 71,986 shares of the company’s stock, valued at $14,489,342.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,304 shares of company stock worth $3,864,492. 5.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On e.l.f. Beauty

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC acquired a new stake in shares of e.l.f. Beauty during the second quarter worth approximately $26,000. Matrix Trust Co acquired a new position in e.l.f. Beauty during the 2nd quarter worth $27,000. Innealta Capital LLC bought a new stake in shares of e.l.f. Beauty in the 2nd quarter worth about $30,000. Harbor Investment Advisory LLC acquired a new stake in shares of e.l.f. Beauty in the 1st quarter valued at about $31,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in shares of 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 worth $36,000 after purchasing an additional 138 shares during the last quarter. 92.44% of the stock is currently owned by hedge funds and other 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.