Robert W. Baird Lowers e.l.f. Beauty (NYSE:ELF) Price Target to $175.00

e.l.f. Beauty (NYSE:ELF) had its target price decreased by Robert W. Baird from $240.00 to $175.00 in a report issued on Monday morning, Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

A number of other analysts also recently issued reports on ELF. Stifel Nicolaus raised their price target on shares of e.l.f. Beauty from $151.00 to $161.00 and gave the company a “hold” rating in a report on Monday, July 22nd. Bank of America lowered their price objective on shares of e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. Baird R W upgraded shares of e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 18th. DA Davidson reiterated a “buy” rating and issued a $223.00 price objective on shares of e.l.f. Beauty in a research note on Tuesday, October 15th. Finally, B. Riley assumed coverage on shares of e.l.f. Beauty in a research note on Tuesday, September 10th. They issued a “buy” rating and a $175.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $186.57.

e.l.f. Beauty Stock Performance

Shares of NYSE ELF opened at $105.55 on Monday. The firm’s 50-day moving average price is $124.42 and its 200-day moving average price is $160.50. The company has a quick ratio of 1.10, a current ratio of 1.77 and a debt-to-equity ratio of 0.23. The company has a market cap of $5.90 billion, a PE ratio of 47.55, a PEG ratio of 2.19 and a beta of 1.43. e.l.f. Beauty has a 52-week low of $88.47 and a 52-week high of $221.83.

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

Insider Activity

In other news, CEO Tarang Amin sold 23,528 shares of e.l.f. Beauty stock in a transaction that occurred 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 sale, the chief executive officer now owns 106,016 shares in the company, valued at $14,465,883.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 5.20% of the company’s stock.

Institutional Investors Weigh In On e.l.f. Beauty

Several institutional investors and hedge funds have recently modified their holdings of the stock. Baillie Gifford & Co. purchased a new position in shares of e.l.f. Beauty in the second quarter valued at $801,693,000. Swedbank AB purchased a new position in shares of e.l.f. Beauty in the third quarter valued at $76,321,000. Clearbridge Investments LLC purchased a new position in shares of e.l.f. Beauty in the first quarter valued at $133,940,000. 1832 Asset Management L.P. purchased a new position in shares of e.l.f. Beauty in the first quarter valued at $61,299,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of e.l.f. Beauty by 55.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 730,377 shares of the company’s stock valued at $79,633,000 after purchasing an additional 261,707 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Company Profile

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.