e.l.f. Beauty (NYSE:ELF) PT Lowered to $216.00

e.l.f. Beauty (NYSE:ELF - Get Free Report) had its price target decreased by Piper Sandler from $228.00 to $216.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Piper Sandler's target price indicates a potential upside of 33.10% from the stock's previous close.

Several other equities analysts have also recently weighed in on the company. Truist Financial lifted their price objective on e.l.f. Beauty from $150.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, February 7th. Stifel Nicolaus increased their price objective on shares of e.l.f. Beauty from $141.00 to $167.00 and gave the stock a "hold" rating in a research report on Wednesday, February 7th. StockNews.com cut shares of e.l.f. Beauty from a "hold" rating to a "sell" rating in a research report on Wednesday, February 7th. Robert W. Baird assumed coverage on e.l.f. Beauty in a research note on Tuesday, January 30th. They issued a "neutral" rating and a $185.00 price target on the stock. Finally, TD Cowen raised e.l.f. Beauty from a "hold" rating to a "buy" rating and dropped their target price for the company from $220.00 to $190.00 in a research report on Wednesday, April 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, e.l.f. Beauty has a consensus rating of "Moderate Buy" and a consensus target price of $183.33.

e.l.f. Beauty Trading Down 3.6 %

ELF stock traded down $6.04 during midday trading on Thursday, hitting $162.28. 1,317,738 shares of the company's stock were exchanged, compared to its average volume of 1,530,430. e.l.f. Beauty has a one year low of $83.80 and a one year high of $221.83. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 1.50. The company has a market cap of $9.01 billion, a PE ratio of 74.23, a price-to-earnings-growth ratio of 1.52 and a beta of 1.60. The stock's fifty day moving average price is $178.44 and its 200-day moving average price is $157.22.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,519 shares of the company's stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $198.89, for a total value of $4,677,693.91. Following the transaction, the chief executive officer now directly owns 10,889 shares in the company, valued at $2,165,713.21. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, SVP Joshua Allen Franks sold 727 shares of the firm's 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 transaction, the senior vice president now directly owns 83,736 shares of the company's stock, valued at $13,829,837.76. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Tarang Amin sold 23,519 shares of e.l.f. Beauty stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $198.89, for a total transaction of $4,677,693.91. Following the completion of the sale, the chief executive officer now owns 10,889 shares of the company's stock, valued at approximately $2,165,713.21. The disclosure for this sale can be found here. In the last ninety days, insiders sold 201,600 shares of company stock worth $34,307,124. Insiders own 5.20% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Raymond James & Associates lifted its position in e.l.f. Beauty by 17.2% during the third quarter. Raymond James & Associates now owns 31,370 shares of the company's stock worth $3,445,000 after purchasing an additional 4,608 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of e.l.f. Beauty by 10.7% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 3,336 shares of the company's stock worth $366,000 after acquiring an additional 323 shares during the period. Park Avenue Securities LLC acquired a new stake in shares of e.l.f. Beauty during the 3rd quarter worth approximately $252,000. Yousif Capital Management LLC increased its stake in e.l.f. Beauty by 0.7% in the third quarter. Yousif Capital Management LLC now owns 28,281 shares of the company's stock valued at $3,106,000 after acquiring an additional 201 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in e.l.f. Beauty by 11.2% during the third quarter. Teacher Retirement System of Texas now owns 38,798 shares of the company's stock valued at $4,261,000 after purchasing an additional 3,909 shares in the last quarter. 92.44% of the stock is owned by institutional investors.

About e.l.f. Beauty

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.