e.l.f. Beauty (NYSE:ELF) PT Lowered to $220.00

e.l.f. Beauty (NYSE:ELF) had its target price reduced by analysts at Bank of America from $230.00 to $220.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. Bank of America‘s target price suggests a potential upside of 14.89% from the stock’s current price.

ELF has been the topic of a number of other research reports. TD Cowen raised e.l.f. Beauty from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $220.00 to $190.00 in a research note on Wednesday, April 17th. Piper Sandler lowered their price objective on e.l.f. Beauty from $216.00 to $210.00 and set an “overweight” rating on the stock in a research note on Thursday. StockNews.com downgraded e.l.f. Beauty from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. JPMorgan Chase & Co. reduced their target price on e.l.f. Beauty from $197.00 to $182.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $214.00 target price on shares of e.l.f. Beauty in a research report on Tuesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $183.77.

e.l.f. Beauty Stock Performance

Shares of NYSE:ELF opened at $191.48 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.50 and a quick ratio of 0.83. The business’s 50 day moving average price is $173.42 and its 200-day moving average price is $160.16. The firm has a market capitalization of $10.63 billion, a PE ratio of 86.25, a P/E/G ratio of 1.46 and a beta of 1.60. e.l.f. Beauty has a 1 year low of $88.47 and a 1 year high of $221.83.

Insider Activity

In other news, CEO Tarang Amin sold 23,519 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $163.70, for a total value of $3,850,060.30. Following the sale, the chief executive officer now directly owns 10,890 shares of the company’s stock, valued at $1,782,693. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other e.l.f. Beauty news, CEO Tarang Amin sold 23,519 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $163.70, for a total transaction of $3,850,060.30. Following the completion of the transaction, the chief executive officer now owns 10,890 shares in the company, valued at $1,782,693. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Joshua Allen Franks sold 727 shares of e.l.f. Beauty stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $165.16, for a total transaction of $120,071.32. Following the completion of the transaction, the senior vice president now owns 83,736 shares of the company’s stock, valued at approximately $13,829,837.76. The disclosure for this sale can be found here. Insiders have sold a total of 201,600 shares of company stock worth $34,307,124 in the last ninety days. Corporate insiders own 5.20% of the company’s stock.

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

Institutional investors have recently added to or reduced their stakes in the stock. Cetera Advisors LLC acquired a new position in shares of e.l.f. Beauty during the 1st quarter worth about $640,000. Cetera Investment Advisers increased its stake in shares of e.l.f. Beauty by 492.9% during the 1st quarter. Cetera Investment Advisers now owns 29,380 shares of the company’s stock worth $5,759,000 after purchasing an additional 24,425 shares during the last quarter. Hancock Whitney Corp acquired a new position in shares of e.l.f. Beauty during the 1st quarter worth about $1,097,000. Motley Fool Asset Management LLC acquired a new position in shares of e.l.f. Beauty during the 1st quarter worth about $213,000. Finally, B. Riley Wealth Advisors Inc. grew its stake in e.l.f. Beauty by 57.9% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 9,830 shares of the company’s stock valued at $1,927,000 after buying an additional 3,605 shares during the last quarter. 92.44% of the stock is owned by institutional investors.

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.