e.l.f. Beauty (NYSE:ELF) Trading Down 5.4% - Here's What Happened

e.l.f. Beauty, Inc. (NYSE:ELF - Get Free Report) traded down 5.4% during trading on Tuesday . The stock traded as low as $120.32 and last traded at $120.13. 826,818 shares traded hands during trading, a decline of 39% from the average session volume of 1,352,080 shares. The stock had previously closed at $126.95.

Analysts Set New Price Targets

A number of equities analysts recently commented on ELF shares. Deutsche Bank Aktiengesellschaft began coverage on shares of e.l.f. Beauty in a research note on Thursday, December 12th. They set a "hold" rating and a $133.00 price target for the company. Canaccord Genuity Group lowered their target price on shares of e.l.f. Beauty from $250.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, November 7th. JPMorgan Chase & Co. upped their price target on shares of e.l.f. Beauty from $154.00 to $163.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. DA Davidson reiterated a "buy" rating and set a $170.00 price objective on shares of e.l.f. Beauty in a report on Tuesday. Finally, Piper Sandler upped their target price on shares of e.l.f. Beauty from $165.00 to $167.00 and gave the stock an "overweight" rating in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, e.l.f. Beauty currently has a consensus rating of "Moderate Buy" and an average target price of $169.06.

e.l.f. Beauty Stock Up 1.5 %

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78. The firm has a market capitalization of $6.67 billion, a P/E ratio of 64.04, a PEG ratio of 2.06 and a beta of 1.50. The business's fifty day moving average price is $128.76 and its two-hundred day moving average price is $135.25.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.34. The company had revenue of $301.10 million during the quarter, compared to the consensus estimate of $289.43 million. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. e.l.f. Beauty's revenue was up 39.7% compared to the same quarter last year. During the same period last year, the firm earned $0.66 earnings per share. Equities analysts expect that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current fiscal year.

Insider Activity at e.l.f. Beauty

In related news, insider Scott Milsten sold 530 shares of the firm's stock in a transaction on 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 transaction, the insider now owns 68,853 shares in the company, valued at $9,474,172.80. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Maureen C. Watson sold 785 shares of the business's stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $130.00, for a total value of $102,050.00. Following the sale, the director now owns 1,888 shares in the company, valued at approximately $245,440. The trade was a 29.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,205 shares of company stock valued at $297,442 in the last ninety days. Corporate insiders own 3.50% of the company's stock.

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

A number of institutional investors and hedge funds have recently modified their holdings of ELF. Wilmington Savings Fund Society FSB purchased a new stake in e.l.f. Beauty in the 3rd quarter worth approximately $25,000. Planning Capital Management Corp boosted its holdings in e.l.f. Beauty by 1,855.0% during the third quarter. Planning Capital Management Corp now owns 391 shares of the company's stock worth $43,000 after buying an additional 371 shares in the last quarter. nVerses Capital LLC acquired a new stake in e.l.f. Beauty during the third quarter valued at $44,000. Peterson Financial Group Inc. purchased a new position in e.l.f. Beauty in the third quarter valued at $45,000. Finally, Blue Trust Inc. boosted its stake in shares of e.l.f. Beauty by 2,357.1% during the 3rd quarter. Blue Trust Inc. now owns 516 shares of the company's stock worth $56,000 after acquiring an additional 495 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company's stock.

About e.l.f. Beauty

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.

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