e.l.f. Beauty (NYSE:ELF) PT Lowered to $167.00 at JPMorgan Chase & Co.

e.l.f. Beauty (NYSE:ELF) had its price target lowered by JPMorgan Chase & Co. from $207.00 to $167.00 in a report published on Friday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

ELF has been the subject of a number of other reports. Morgan Stanley dropped their price objective on e.l.f. Beauty from $184.00 to $139.00 and set an equal weight rating for the company in a report on Monday, September 30th. Robert W. Baird upped their price objective on e.l.f. Beauty from $230.00 to $240.00 and gave the stock an outperform rating in a report on Friday, August 9th. Stifel Nicolaus upped their price objective on e.l.f. Beauty from $151.00 to $161.00 and gave the stock a hold rating in a report on Monday, July 22nd. Raymond James restated a strong-buy rating and set a $235.00 price objective on shares of e.l.f. Beauty in a report on Monday, July 22nd. Finally, Canaccord Genuity Group raised their price objective on e.l.f. Beauty from $214.00 to $250.00 and gave the company a buy rating in a research report on Tuesday, June 18th. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, e.l.f. Beauty has a consensus rating of Moderate Buy and a consensus price target of $198.71.

e.l.f. Beauty Trading Up 5.2 %

Shares of e.l.f. Beauty stock opened at $115.42 on Friday. e.l.f. Beauty has a fifty-two week low of $88.47 and a fifty-two week high of $221.83. The firm has a market cap of $6.46 billion, a PE ratio of 51.99, a P/E/G ratio of 2.19 and a beta of 1.43. The business’s fifty day moving average is $132.31 and its two-hundred day moving average is $163.77. The company has a quick ratio of 1.10, a current ratio of 1.77 and a debt-to-equity ratio of 0.23.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.20. The company had revenue of $324.48 million for the quarter, compared to analyst estimates of $303.60 million. e.l.f. Beauty had a return on equity of 23.30% and a net margin of 10.80%. Analysts anticipate that e.l.f. Beauty will post 2.88 earnings per share for the current year.

Insider Transactions at e.l.f. Beauty

In other news, CEO Tarang Amin sold 548 shares of e.l.f. Beauty stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $175.00, for a total transaction of $95,900.00. Following the sale, the chief executive officer now directly owns 214,507 shares of the company’s stock, valued at approximately $37,538,725. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 5.20% of the company’s stock.

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

Hedge funds have recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC acquired a new position in e.l.f. Beauty in the second quarter worth about $26,000. Matrix Trust Co acquired a new position in e.l.f. Beauty in the second quarter worth about $27,000. Innealta Capital LLC acquired a new position in e.l.f. Beauty in the second quarter worth about $30,000. Harbor Investment Advisory LLC acquired a new position in e.l.f. Beauty in the first quarter worth about $31,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in e.l.f. Beauty by 405.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock worth $36,000 after purchasing an additional 138 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

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.