e.l.f. Beauty (NYSE:ELF) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of e.l.f. Beauty (NYSE:ELF) from a buy rating to a hold rating in a report released on Sunday,Wall Street Zen reports.

Other equities research analysts have also recently issued reports about the company. Citigroup boosted their price objective on e.l.f. Beauty from $130.00 to $139.00 and gave the company a “buy” rating in a research note on Thursday, November 5th. Weiss Ratings reiterated a “sell (d+)” rating on shares of e.l.f. Beauty in a research report on Wednesday, October 28th. UBS Group increased their target price on shares of e.l.f. Beauty from $116.00 to $129.00 and gave the stock a “neutral” rating in a research report on Thursday, November 5th. Piper Sandler lifted their target price on shares of e.l.f. Beauty from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, November 5th. Finally, Morgan Stanley boosted their price target on shares of e.l.f. Beauty from $90.00 to $103.00 and gave the company an “equal weight” rating in a research report on Thursday, October 15th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, e.l.f. Beauty has an average rating of “Moderate Buy” and a consensus price target of $118.88.

e.l.f. Beauty Stock Performance

NYSE:ELF opened at $118.62 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.57 and a quick ratio of 1.89. The business has a fifty day simple moving average of $106.77 and a two-hundred day simple moving average of $82.44. e.l.f. Beauty has a 1 year low of $48.82 and a 1 year high of $123.13. The company has a market capitalization of $7.02 billion, a P/E ratio of 37.30, a P/E/G ratio of 2.96 and a beta of 1.61.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, November 4th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.61. e.l.f. Beauty had a return on equity of 16.40% and a net margin of 4.47%. The firm had revenue of $520.82 million for the quarter, compared to analyst estimates of $473.51 million. During the same period in the previous year, the company posted $0.68 earnings per share. The business’s revenue was up 51.4% on a year-over-year basis. On average, analysts expect that e.l.f. Beauty will post 2.72 earnings per share for the current year.

Insider Buying and Selling

In other e.l.f. Beauty news, Director Lauren Levitan sold 1,034 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $93.15, for a total value of $96,317.10. Following the completion of the transaction, the director owned 10,516 shares in the company, valued at $979,565.40. This trade represents a 8.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Tarang Amin sold 47,000 shares of the firm’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $103.31, for a total value of $4,855,570.00. Following the completion of the transaction, the chief executive officer owned 134,496 shares of the company’s stock, valued at approximately $13,894,781.76. This represents a 25.90% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 91,821 shares of company stock valued at $9,624,513. 3.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On e.l.f. Beauty

Large investors have recently modified their holdings of the company. SBI Securities Co. Ltd. increased its holdings in e.l.f. Beauty by 64.5% during the 3rd quarter. SBI Securities Co. Ltd. now owns 334 shares of the company’s stock worth $34,000 after acquiring an additional 131 shares during the period. Continuum Advisory LLC purchased a new stake in e.l.f. Beauty in the 2nd quarter worth approximately $31,000. Signaturefd LLC boosted its holdings in e.l.f. Beauty by 86.5% in the 3rd quarter. Signaturefd LLC now owns 513 shares of the company’s stock valued at $52,000 after purchasing an additional 238 shares during the period. State of Wyoming bought a new position in e.l.f. Beauty in the 2nd quarter valued at $40,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in e.l.f. Beauty by 378.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 713 shares of the company’s stock valued at $43,000 after purchasing an additional 564 shares during the period. 92.44% of the stock is currently owned by institutional investors.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc. is a beauty company that develops, markets and sells cosmetics and skin-care products. Its portfolio includes e.l.f. Cosmetics and e.l.f. SKIN, as well as brands such as Naturium, Well People and Keys Soulcare. Products include makeup, skin-care treatments and related beauty items. Founded in 2004, the company sells through its own websites and retail partners, including mass-market and specialty beauty stores. Its products are available in the United States and international markets.