UBS Group Issues Pessimistic Forecast for e.l.f. Beauty (NYSE:ELF) Stock Price

Key Points

• UBS Group has lowered its price target for e.l.f. Beauty (NYSE:ELF) from $120.00 to $112.00, maintaining a "neutral" rating on the stock, which still shows a potential upside of 10.84%.
• Other analysts have varying opinions, with Bank of America setting a target of $135.00 and Canaccord Genuity reaching $150.00, indicating a general positive outlook among multiple firms.
• Insider selling has been observed recently, with notable sales by Jennifer Catherine Hartnett and Scott Milsten, together offloading approximately $3.4 million worth of stock.

e.l.f. Beauty (NYSE:ELF - Get Free Report) had its price target cut by equities research analysts at UBS Group from $120.00 to $112.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the stock. UBS Group's price target indicates a potential upside of 10.84% from the company's current price.

Other equities analysts also recently issued reports about the stock. Bank of America upped their target price on shares of e.l.f. Beauty from $113.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday, June 20th. Canaccord Genuity Group upped their target price on shares of e.l.f. Beauty from $114.00 to $150.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Morgan Stanley upped their price target on shares of e.l.f. Beauty from $105.00 to $114.00 and gave the stock an "equal weight" rating in a research report on Thursday. Raymond James Financial upped their price target on shares of e.l.f. Beauty from $95.00 to $105.00 and gave the stock a "strong-buy" rating in a research report on Thursday, May 29th. Finally, Jefferies Financial Group set a $115.00 price target on shares of e.l.f. Beauty and gave the stock a "buy" rating in a research report on Thursday, May 29th. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, e.l.f. Beauty presently has an average rating of "Moderate Buy" and a consensus price target of $124.81.

e.l.f. Beauty Price Performance

NYSE ELF traded down $9.34 on Thursday, reaching $101.05. The company had a trading volume of 5,682,133 shares, compared to its average volume of 2,684,571. The company has a quick ratio of 2.00, a current ratio of 3.05 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $5.73 billion, a PE ratio of 51.75, a price-to-earnings-growth ratio of 2.62 and a beta of 1.57. The firm's 50 day moving average price is $118.70 and its 200 day moving average price is $88.49. e.l.f. Beauty has a 12 month low of $49.40 and a 12 month high of $188.15.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.05. The firm had revenue of $353.74 million during the quarter, compared to the consensus estimate of $348.99 million. e.l.f. Beauty had a net margin of 8.53% and a return on equity of 17.98%. The firm's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.10 EPS. As a group, equities analysts predict that e.l.f. Beauty will post 2.38 earnings per share for the current year.

Insider Activity at e.l.f. Beauty

In related news, insider Jennifer Catherine Hartnett sold 18,383 shares of e.l.f. Beauty stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $109.99, for a total value of $2,021,946.17. Following the completion of the transaction, the insider owned 54,163 shares in the company, valued at approximately $5,957,388.37. The trade was a 25.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Scott Milsten sold 11,860 shares of e.l.f. Beauty stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $115.56, for a total transaction of $1,370,541.60. Following the completion of the transaction, the insider owned 118,836 shares of the company's stock, valued at $13,732,688.16. This trade represents a 9.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold 126,589 shares of company stock valued at $14,547,949 over the last ninety days. Corporate insiders own 3.90% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Champlain Investment Partners LLC raised its position in e.l.f. Beauty by 99.7% in the 4th quarter. Champlain Investment Partners LLC now owns 2,226,451 shares of the company's stock valued at $279,531,000 after purchasing an additional 1,111,550 shares during the last quarter. Aspex Management HK Ltd purchased a new stake in e.l.f. Beauty in the 4th quarter valued at $73,576,000. Prime Capital Management Co Ltd raised its position in e.l.f. Beauty by 167.8% in the 1st quarter. Prime Capital Management Co Ltd now owns 604,535 shares of the company's stock valued at $37,959,000 after purchasing an additional 378,826 shares during the last quarter. AXA S.A. raised its position in e.l.f. Beauty by 2,074.4% in the 4th quarter. AXA S.A. now owns 394,005 shares of the company's stock valued at $49,467,000 after purchasing an additional 375,885 shares during the last quarter. Finally, Mackenzie Financial Corp raised its position in e.l.f. Beauty by 68.0% in the 1st quarter. Mackenzie Financial Corp now owns 862,671 shares of the company's stock valued at $54,167,000 after purchasing an additional 349,024 shares during the last quarter. Institutional investors and hedge funds 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.

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