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

by · The Cerbat Gem

e.l.f. Beauty (NYSE:ELF – Get Free Report) had its price target lowered by analysts at DA Davidson from $223.00 to $170.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. DA Davidson’s price target indicates a potential upside of 41.43% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the company. Jefferies Financial Group reduced their price objective on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. B. Riley started coverage on shares of e.l.f. Beauty in a research note on Tuesday, September 10th. They set a “buy” rating and a $175.00 price objective for the company. Raymond James restated a “strong-buy” rating and issued a $235.00 target price on shares of e.l.f. Beauty in a report on Monday, July 22nd. UBS Group dropped their price target on shares of e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Finally, Baird R W upgraded e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $173.53.

Read Our Latest Report on e.l.f. Beauty

e.l.f. Beauty Price Performance

Shares of NYSE:ELF opened at $120.20 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.77. The firm has a market cap of $6.78 billion, a price-to-earnings ratio of 64.95, a P/E/G ratio of 2.17 and a beta of 1.44. The firm has a fifty day moving average price of $112.47 and a 200 day moving average price of $155.89. e.l.f. Beauty has a fifty-two week low of $92.16 and a fifty-two week high of $221.83.

e.l.f. Beauty (NYSE:ELF – Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.34. The business had revenue of $301.10 million during the quarter, compared to analysts’ expectations of $289.43 million. e.l.f. Beauty had a return on equity of 19.89% and a net margin of 8.87%. The firm’s revenue for the quarter was up 39.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 EPS. As a group, sell-side analysts expect that e.l.f. Beauty will post 2.88 earnings per share for the current fiscal year.

Insider Transactions at e.l.f. Beauty

In related news, CEO Tarang Amin sold 23,528 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the completion of the transaction, the chief executive officer now directly owns 106,016 shares in the company, valued at $14,465,883.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Ashton Thomas Private Wealth LLC acquired a new stake in shares of e.l.f. Beauty during the 2nd quarter worth approximately $26,000. Matrix Trust Co acquired a new stake in e.l.f. Beauty in the 2nd quarter valued at $27,000. Innealta Capital LLC purchased a new stake in e.l.f. Beauty in the 2nd quarter worth $30,000. Whittier Trust Co. of Nevada Inc. raised its position in e.l.f. Beauty by 405.9% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock worth $36,000 after acquiring an additional 138 shares during the period. Finally, Crewe Advisors LLC lifted its holdings in e.l.f. Beauty by 456.3% during the second quarter. Crewe Advisors LLC now owns 178 shares of the company’s stock valued at $38,000 after purchasing an additional 146 shares in the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

e.l.f. Beauty Company Profile

(Get Free Report)

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.

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