e.l.f. Beauty (NYSE:ELF) Hits New 1-Year Low – Time to Sell?

e.l.f. Beauty (NYSE:ELF) shares hit a new 52-week low during trading on Friday . The company traded as low as $48.97 and last traded at $49.35, with a volume of 2290578 shares trading hands. The stock had previously closed at $51.44.

Analysts Set New Price Targets

A number of research analysts have recently commented on ELF shares. B. Riley Financial cut their price objective on shares of e.l.f. Beauty from $130.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, May 26th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $85.00 price objective on shares of e.l.f. Beauty in a research report on Thursday, May 21st. Piper Sandler cut their price objective on shares of e.l.f. Beauty from $60.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, May 21st. Jefferies Financial Group cut their price objective on shares of e.l.f. Beauty from $85.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Finally, Robert W. Baird cut their price objective on shares of e.l.f. Beauty from $115.00 to $90.00 and set an “outperform” rating for the company in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $82.75.

e.l.f. Beauty Stock Performance

The firm has a market cap of $2.93 billion, a P/E ratio of 107.13, a PEG ratio of 2.12 and a beta of 1.63. The stock’s 50 day moving average is $60.27 and its two-hundred day moving average is $73.49. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.35 and a quick ratio of 1.69.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, May 20th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. The business had revenue of $449.29 million for the quarter, compared to analysts’ expectations of $423.06 million. e.l.f. Beauty had a net margin of 1.61% and a return on equity of 11.02%. The firm’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.78 earnings per share. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. As a group, equities analysts predict that e.l.f. Beauty will post 2.44 EPS for the current year.

Insiders Place Their Bets

In related news, insider Jennifer Catherine Hartnett sold 20,829 shares of the company’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $63.66, for a total value of $1,325,974.14. Following the sale, the insider owned 68,726 shares of the company’s stock, valued at $4,375,097.16. The trade was a 23.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Scott Milsten sold 23,797 shares of the company’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $63.66, for a total transaction of $1,514,917.02. Following the sale, the insider directly owned 114,940 shares in the company, valued at $7,317,080.40. This represents a 17.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 210,013 shares of company stock valued at $13,315,490 over the last 90 days. Company insiders own 3.90% of the company’s stock.

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

A number of large investors have recently bought and sold shares of ELF. Royal Bank of Canada grew its position in e.l.f. Beauty by 9.9% during the 1st quarter. Royal Bank of Canada now owns 153,682 shares of the company’s stock worth $9,650,000 after acquiring an additional 13,851 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in e.l.f. Beauty by 168.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 6,483 shares of the company’s stock worth $407,000 after acquiring an additional 4,069 shares during the last quarter. NewEdge Advisors LLC grew its position in e.l.f. Beauty by 176.4% during the 1st quarter. NewEdge Advisors LLC now owns 4,677 shares of the company’s stock worth $294,000 after acquiring an additional 2,985 shares during the last quarter. United Services Automobile Association bought a new stake in e.l.f. Beauty during the 1st quarter worth approximately $240,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in e.l.f. Beauty by 58.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock worth $39,000 after acquiring an additional 117 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors.

About e.l.f. Beauty

e.l.f. Beauty (NYSE: ELF) is an American cosmetics company known for offering an extensive range of affordable, trend-driven makeup and skincare products. The company’s portfolio spans foundations, lipsticks, mascaras, brushes, serums, masks and other beauty essentials, all positioned at accessible price points. e.l.f. Beauty maintains a direct-to-consumer platform through its e-commerce site and engages in widespread retail partnerships with major chains such as Target, Walmart, Ulta Beauty and Amazon.

Founded in 2004 and headquartered in Oakland, California, e.l.f.