B. Riley Lowers e.l.f. Beauty (NYSE:ELF) Price Target to $150.00

e.l.f. Beauty (NYSE:ELF) had its price target cut by research analysts at B. Riley from $175.00 to $150.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. B. Riley’s target price would indicate a potential upside of 28.99% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. TD Cowen decreased their price target on shares of e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, September 12th. Jefferies Financial Group decreased their price target on shares of e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Robert W. Baird cut their price objective on shares of e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a report on Monday, October 21st. Canaccord Genuity Group cut their price objective on shares of e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating for the company in a report on Thursday. Finally, Morgan Stanley cut their price objective on shares of e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating for the company in a report on Monday, September 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, e.l.f. Beauty has a consensus rating of “Moderate Buy” and an average price target of $173.53.

e.l.f. Beauty Stock Up 11.6 %

NYSE:ELF traded up $12.13 on Thursday, hitting $116.29. The stock had a trading volume of 8,797,259 shares, compared to its average volume of 1,877,065. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.77. The stock has a market cap of $6.56 billion, a P/E ratio of 56.12, a price-to-earnings-growth ratio of 2.16 and a beta of 1.44. e.l.f. Beauty has a 1 year low of $92.16 and a 1 year high of $221.83. The firm’s fifty day simple moving average is $113.74 and its two-hundred day simple moving average is $156.46.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.20. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. The company had revenue of $324.48 million during the quarter, compared to analyst estimates of $303.60 million. Analysts predict that e.l.f. Beauty will post 2.88 earnings per share for the current year.

Insider Activity

In other news, CEO Tarang Amin sold 23,528 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the sale, the chief executive officer now owns 106,016 shares in the company, valued at approximately $14,465,883.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 3.50% of the company’s stock.

Institutional Trading of e.l.f. Beauty

Several institutional investors and hedge funds have recently made changes to their positions in ELF. Private Advisor Group LLC purchased a new stake in shares of e.l.f. Beauty during the 1st quarter valued at $417,000. Texas Permanent School Fund Corp raised its position in shares of e.l.f. Beauty by 1.9% during the 1st quarter. Texas Permanent School Fund Corp now owns 48,579 shares of the company’s stock valued at $9,523,000 after buying an additional 895 shares in the last quarter. Duality Advisers LP purchased a new stake in shares of e.l.f. Beauty during the 1st quarter valued at $319,000. Quantbot Technologies LP purchased a new position in e.l.f. Beauty in the 1st quarter worth $1,341,000. Finally, SG Americas Securities LLC raised its position in e.l.f. Beauty by 55.0% in the 1st quarter. SG Americas Securities LLC now owns 2,141 shares of the company’s stock worth $420,000 after purchasing an additional 760 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

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.