DA Davidson Cuts e.l.f. Beauty (NYSE:ELF) Price Target to $75.00

e.l.f. Beauty (NYSE:ELF) had its price objective trimmed by DA Davidson from $80.00 to $75.00 in a research report released on Monday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of e.l.f. Beauty in a research note on Thursday, December 12th. They set a “hold” rating and a $133.00 price objective on the stock. UBS Group restated a “neutral” rating and issued a $74.00 price objective (down from $158.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. B. Riley restated a “buy” rating and issued a $90.00 price objective (down from $150.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Stifel Nicolaus cut their price objective on shares of e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a report on Monday, February 3rd. Finally, The Goldman Sachs Group cut their price objective on shares of e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $132.65.

e.l.f. Beauty Stock Performance

NYSE ELF opened at $66.10 on Monday. The stock has a market cap of $3.73 billion, a P/E ratio of 39.11, a PEG ratio of 6.76 and a beta of 1.60. The company’s 50-day simple moving average is $90.83 and its 200 day simple moving average is $109.97. e.l.f. Beauty has a twelve month low of $61.90 and a twelve month high of $219.77. 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 (NYSE:ELF) last posted its earnings results on Thursday, February 6th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates 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%. As a group, research analysts forecast that e.l.f. Beauty will post 2.38 earnings per share for the current fiscal year.

Insider Activity at e.l.f. Beauty

In other news, Director Maureen C. Watson sold 4,000 shares of e.l.f. Beauty stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $67.39, for a total value of $269,560.00. Following the completion of the transaction, the director now owns 1,888 shares of the company’s stock, valued at $127,232.32. This trade represents a 67.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. lifted its stake in shares of e.l.f. Beauty by 149.8% during the 4th quarter. Principal Financial Group Inc. now owns 328,557 shares of the company’s stock worth $41,250,000 after buying an additional 197,028 shares during the last quarter. Global Retirement Partners LLC lifted its stake in shares of e.l.f. Beauty by 441.0% during the 4th quarter. Global Retirement Partners LLC now owns 8,283 shares of the company’s stock worth $1,040,000 after buying an additional 6,752 shares during the last quarter. Robbins Farley lifted its stake in shares of e.l.f. Beauty by 27.1% during the 4th quarter. Robbins Farley now owns 34,396 shares of the company’s stock worth $4,318,000 after buying an additional 7,335 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of e.l.f. Beauty by 43.4% during the 4th quarter. Pacer Advisors Inc. now owns 11,802 shares of the company’s stock worth $1,482,000 after buying an additional 3,572 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of e.l.f. Beauty by 1,380.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,284 shares of the company’s stock worth $1,775,000 after buying an additional 15,184 shares during the last quarter. 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.