e.l.f. Beauty (NYSE:ELF) Sets New 12-Month Low – Here’s What Happened

e.l.f. Beauty, Inc. (NYSE:ELF)’s share price hit a new 52-week low during trading on Friday . The stock traded as low as $60.35 and last traded at $61.16, with a volume of 314214 shares changing hands. The stock had previously closed at $62.41.

Analyst Ratings Changes

Several analysts recently issued reports on ELF shares. JPMorgan Chase & Co. lifted their target price on e.l.f. Beauty from $154.00 to $163.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Truist Financial lifted their price objective on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Stifel Nicolaus dropped their price objective on shares of e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating for the company in a report on Monday, February 3rd. B. Riley restated a “buy” rating and set a $90.00 target price (down from $150.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Finally, DA Davidson dropped their price target on e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $132.65.

e.l.f. Beauty Stock Performance

The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. The business has a 50 day moving average price of $85.71 and a 200 day moving average price of $107.89. The stock has a market cap of $3.55 billion, a P/E ratio of 37.22, a PEG ratio of 6.76 and a beta of 1.60.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing the consensus estimate 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, sell-side analysts expect that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

Insider Transactions at e.l.f. Beauty

In related news, Director Maureen C. Watson sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $67.39, for a total value of $269,560.00. Following the completion of the sale, the director now owns 1,888 shares in the company, valued at approximately $127,232.32. The trade was a 67.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.50% of the company’s stock.

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

Several hedge funds have recently made changes to their positions in the company. Baillie Gifford & Co. raised its holdings in shares of e.l.f. Beauty by 51.0% in the fourth quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company’s stock valued at $1,005,584,000 after acquiring an additional 2,703,742 shares in the last quarter. Champlain Investment Partners LLC purchased a new position in e.l.f. Beauty during the 3rd quarter valued at about $121,558,000. Swedbank AB bought a new stake in shares of e.l.f. Beauty in the 3rd quarter valued at about $76,321,000. William Blair Investment Management LLC lifted its position in shares of e.l.f. Beauty by 40.9% in the 4th quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company’s stock worth $289,437,000 after purchasing an additional 669,321 shares during the period. Finally, Aspex Management HK Ltd purchased a new stake in shares of e.l.f. Beauty in the 4th quarter worth approximately $73,576,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

About e.l.f. Beauty

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.