e.l.f. Beauty (NYSE:ELF) Shares Down 3.5%

e.l.f. Beauty, Inc. (NYSE:ELF - Get Free Report)'s share price traded down 3.5% during trading on Monday . The company traded as low as $171.53 and last traded at $173.26. 1,002,999 shares changed hands during trading, a decline of 37% from the average session volume of 1,585,446 shares. The stock had previously closed at $179.63.

Analysts Set New Price Targets

ELF has been the topic of a number of recent research reports. Piper Sandler increased their target price on e.l.f. Beauty from $225.00 to $228.00 and gave the company an "overweight" rating in a report on Tuesday, April 9th. DA Davidson reissued a "buy" rating and issued a $220.00 price objective on shares of e.l.f. Beauty in a report on Monday, April 8th. Morgan Stanley boosted their target price on shares of e.l.f. Beauty from $168.00 to $184.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 7th. Bank of America upped their price objective on e.l.f. Beauty from $200.00 to $230.00 and gave the stock a "buy" rating in a research note on Wednesday, March 6th. Finally, StockNews.com downgraded e.l.f. Beauty from a "hold" rating to a "sell" rating in a research report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, e.l.f. Beauty has an average rating of "Moderate Buy" and an average price target of $184.33.

e.l.f. Beauty Stock Performance

The company has a quick ratio of 0.83, a current ratio of 1.50 and a debt-to-equity ratio of 0.27. The business has a 50 day moving average price of $186.53 and a two-hundred day moving average price of $152.69. The stock has a market cap of $9.54 billion, a P/E ratio of 76.04, a price-to-earnings-growth ratio of 1.69 and a beta of 1.57.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.11. The business had revenue of $270.94 million during the quarter, compared to the consensus estimate of $239.66 million. e.l.f. Beauty had a return on equity of 28.98% and a net margin of 14.53%. On average, sell-side analysts forecast that e.l.f. Beauty, Inc. will post 2.5 earnings per share for the current fiscal year.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,519 shares of the business'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 sale, the chief executive officer now owns 10,889 shares in the company, valued at approximately $2,165,713.21. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Kory Marchisotto sold 29,408 shares of the company's stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $166.40, for a total transaction of $4,893,491.20. Following the sale, the insider now owns 156,969 shares of the company's stock, valued at $26,119,641.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Tarang Amin sold 23,519 shares of e.l.f. Beauty stock in a transaction on 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 transaction, the chief executive officer now directly owns 10,889 shares of the company's stock, valued at $2,165,713.21. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 178,081 shares of company stock valued at $30,457,064. Corporate insiders own 5.20% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. FMR LLC boosted its stake in e.l.f. Beauty by 641.2% during the third quarter. FMR LLC now owns 832,404 shares of the company's stock worth $91,423,000 after buying an additional 720,098 shares during the period. State of Alaska Department of Revenue grew its holdings in e.l.f. Beauty by 0.3% during the 4th quarter. State of Alaska Department of Revenue now owns 33,993 shares of the company's stock valued at $4,906,000 after purchasing an additional 85 shares during the last quarter. First Dallas Securities Inc. purchased a new stake in e.l.f. Beauty in the 3rd quarter worth about $3,569,000. Roman Butler Fullerton & Co. purchased a new stake in e.l.f. Beauty in the 4th quarter worth about $1,294,000. Finally, William Blair Investment Management LLC lifted its stake in e.l.f. Beauty by 58.2% in the third quarter. William Blair Investment Management LLC now owns 1,424,268 shares of the company's stock worth $156,427,000 after purchasing an additional 523,903 shares during the last quarter. Institutional investors own 92.44% of the company's stock.

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.