The Goldman Sachs Group Has Lowered Expectations for e.l.f. Beauty (NYSE:ELF) Stock Price

e.l.f. Beauty (NYSE:ELF - Get Free Report) had its price objective decreased by analysts at The Goldman Sachs Group from $142.00 to $124.00 in a research note issued on Friday,Benzinga reports. The firm currently has a "buy" rating on the stock. The Goldman Sachs Group's price objective points to a potential upside of 70.40% from the stock's current price.

A number of other research firms also recently commented on ELF. DA Davidson reaffirmed a "neutral" rating and issued a $80.00 price objective on shares of e.l.f. Beauty in a report on Tuesday, February 18th. Truist Financial lifted their price target on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft began coverage on shares of e.l.f. Beauty in a research report on Thursday, December 12th. They set a "hold" rating and a $133.00 price objective for the company. Raymond James cut their target price 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, February 7th. Finally, B. Riley reaffirmed a "buy" rating and set a $90.00 target price (down from $150.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $132.94.

e.l.f. Beauty Stock Down 3.4 %

Shares of ELF traded down $2.58 during midday trading on Friday, hitting $72.77. The company had a trading volume of 2,536,900 shares, compared to its average volume of 3,244,144. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. e.l.f. Beauty has a 52 week low of $63.50 and a 52 week high of $221.83. The company's 50 day moving average price is $108.87 and its 200 day moving average price is $119.37. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of 43.06, a PEG ratio of 6.76 and a beta of 1.47.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its quarterly earnings data 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 16.88%. On average, equities research analysts predict that e.l.f. Beauty will post 2.38 EPS for the current year.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, Director Maureen C. Watson sold 785 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $130.00, for a total transaction of $102,050.00. Following the completion of the transaction, the director now directly owns 1,888 shares of the company's stock, valued at approximately $245,440. This trade represents a 29.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Scott Milsten sold 530 shares of the business'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 sale, the insider now directly owns 68,853 shares in the company, 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 in the last 90 days. Corporate insiders own 3.50% of the company's stock.

Hedge Funds Weigh In On e.l.f. Beauty

Several large investors have recently made changes to their positions in the business. Blue Trust Inc. lifted its stake in e.l.f. Beauty by 2,357.1% during the third quarter. Blue Trust Inc. now owns 516 shares of the company's stock valued at $56,000 after purchasing an additional 495 shares during the last quarter. Raymond James & Associates lifted its position in shares of e.l.f. Beauty by 44.4% during the 3rd quarter. Raymond James & Associates now owns 178,467 shares of the company's stock valued at $19,458,000 after acquiring an additional 54,836 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of e.l.f. Beauty by 6.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,609 shares of the company's stock worth $284,000 after acquiring an additional 159 shares in the last quarter. Private Advisor Group LLC boosted its stake in shares of e.l.f. Beauty by 289.8% during the 3rd quarter. Private Advisor Group LLC now owns 19,396 shares of the company's stock worth $2,115,000 after acquiring an additional 14,420 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of e.l.f. Beauty in the 3rd quarter worth $16,369,000. Institutional investors own 92.44% of the company's stock.

e.l.f. Beauty Company Profile

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.