Piper Sandler Cuts e.l.f. Beauty (NYSE:ELF) Price Target to $81.00

e.l.f. Beauty (NYSE:ELF) had its price objective trimmed by Piper Sandler from $90.00 to $81.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

ELF has been the subject of a number of other research reports. Truist Financial reduced their price objective on e.l.f. Beauty from $100.00 to $75.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Canaccord Genuity Group dropped their price objective on shares of e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, February 7th. DA Davidson reduced their target price on shares of e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. B. Riley restated a “buy” rating and issued a $90.00 target price (down previously from $150.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Finally, The Goldman Sachs Group cut their price target on 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 equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $116.88.

e.l.f. Beauty Stock Up 9.6 %

Shares of e.l.f. Beauty stock opened at $68.24 on Wednesday. The business has a 50-day moving average price of $61.40 and a 200 day moving average price of $96.01. e.l.f. Beauty has a fifty-two week low of $49.40 and a fifty-two week high of $219.77. The firm has a market cap of $3.85 billion, a P/E ratio of 40.38, a P/E/G ratio of 6.76 and a beta of 1.41. 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 issued 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 return on equity of 16.88% and a net margin of 7.55%. On average, sell-side analysts forecast that e.l.f. Beauty will post 2.38 earnings per share for the current fiscal year.

Insider Transactions at e.l.f. Beauty

In related news, SVP Joshua Allen Franks sold 51,353 shares of the stock in a transaction on Monday, April 21st. The stock was sold at an average price of $53.36, for a total value of $2,740,196.08. Following the completion of the transaction, the senior vice president now owns 114,660 shares in the company, valued at $6,118,257.60. This trade represents a 30.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Tarang Amin sold 97,915 shares of e.l.f. Beauty stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $53.36, for a total value of $5,224,744.40. Following the completion of the transaction, the chief executive officer now directly owns 181,289 shares in the company, valued at $9,673,581.04. This represents a 35.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 204,618 shares of company stock valued at $10,974,536 in the last quarter. Insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ELF. Nisa Investment Advisors LLC boosted its stake in e.l.f. Beauty by 3.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,872 shares of the company’s stock worth $361,000 after purchasing an additional 91 shares during the period. Truist Financial Corp grew its holdings in shares of e.l.f. Beauty by 1.3% during the fourth quarter. Truist Financial Corp now owns 7,885 shares of the company’s stock valued at $990,000 after buying an additional 102 shares in the last quarter. Arizona State Retirement System raised its position in e.l.f. Beauty by 0.8% during the fourth quarter. Arizona State Retirement System now owns 16,365 shares of the company’s stock valued at $2,055,000 after buying an additional 128 shares during the period. Treasurer of the State of North Carolina raised its position in e.l.f. Beauty by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 23,630 shares of the company’s stock valued at $2,967,000 after buying an additional 140 shares during the period. Finally, Atria Wealth Solutions Inc. lifted its stake in e.l.f. Beauty by 7.7% in the 4th quarter. Atria Wealth Solutions Inc. now owns 2,089 shares of the company’s stock worth $262,000 after acquiring an additional 150 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

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.