e.l.f. Beauty (NYSE:ELF) Price Target Cut to $142.00 by Analysts at The Goldman Sachs Group

e.l.f. Beauty (NYSE:ELF - Get Free Report) had its price target cut by investment analysts at The Goldman Sachs Group from $165.00 to $142.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. The Goldman Sachs Group's price objective suggests a potential upside of 84.55% from the stock's previous close.

Several other analysts also recently issued reports on the stock. UBS Group reissued a "neutral" rating and set a $74.00 target price (down from $158.00) on shares of e.l.f. Beauty in a research note on Friday. Raymond James lowered their price target on shares of e.l.f. Beauty from $175.00 to $120.00 and set a "strong-buy" rating on the stock in a report on Friday. Piper Sandler lowered their price target on shares of e.l.f. Beauty from $167.00 to $131.00 and set an "overweight" rating on the stock in a report on Wednesday, February 5th. Canaccord Genuity Group lowered their price target on shares of e.l.f. Beauty from $174.00 to $105.00 and set a "buy" rating on the stock in a report on Friday. Finally, Robert W. Baird lowered their price target on shares of e.l.f. Beauty from $240.00 to $175.00 and set an "outperform" rating on the stock in a report on Monday, October 21st. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $134.00.

e.l.f. Beauty Stock Up 4.2 %

NYSE:ELF traded up $3.09 during trading hours on Friday, hitting $76.95. 4,681,460 shares of the stock traded hands, compared to its average volume of 3,316,892. The firm has a 50 day moving average price of $121.36 and a 200 day moving average price of $126.57. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. e.l.f. Beauty has a fifty-two week low of $63.50 and a fifty-two week high of $221.83. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of 45.53, a PEG ratio of 1.54 and a beta of 1.47.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 17.35%. Equities research analysts anticipate that e.l.f. Beauty will post 2.8 earnings per share for the current year.

Insider Buying and Selling at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 890 shares of the company's stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $122,464.00. Following the completion of the sale, the chief executive officer now directly owns 99,699 shares in the company, valued at $13,718,582.40. This represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Scott Milsten sold 530 shares of the company's stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $72,928.00. Following the transaction, the insider now directly owns 68,853 shares of the company's stock, valued at $9,474,172.80. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,205 shares of company stock worth $297,442 over the last ninety days. Company insiders own 3.50% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ELF. Baillie Gifford & Co. raised its position in e.l.f. Beauty by 51.0% in the fourth quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company's stock worth $1,005,584,000 after purchasing an additional 2,703,742 shares in the last quarter. Vanguard Group Inc. raised its position in e.l.f. Beauty by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 5,497,208 shares of the company's stock worth $690,174,000 after purchasing an additional 68,103 shares in the last quarter. William Blair Investment Management LLC raised its position in e.l.f. Beauty by 40.9% in the fourth quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company's stock worth $289,437,000 after purchasing an additional 669,321 shares in the last quarter. State Street Corp raised its position in e.l.f. Beauty by 3.7% in the third quarter. State Street Corp now owns 1,665,203 shares of the company's stock worth $181,557,000 after purchasing an additional 59,248 shares in the last quarter. Finally, FMR LLC raised its position in e.l.f. Beauty by 5.5% in the third quarter. FMR LLC now owns 1,186,766 shares of the company's stock worth $129,393,000 after purchasing an additional 61,524 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.