Morgan Stanley Lowers e.l.f. Beauty (NYSE:ELF) Price Target to $139.00

e.l.f. Beauty (NYSE:ELF) had its price target reduced by Morgan Stanley from $184.00 to $139.00 in a report released on Monday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price target indicates a potential upside of 31.17% from the company’s current price.

Other analysts have also issued reports about the stock. JPMorgan Chase & Co. decreased their target price on shares of e.l.f. Beauty from $224.00 to $207.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. UBS Group lowered their price objective on e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. TD Cowen cut their target price on e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. Stifel Nicolaus boosted their price target on e.l.f. Beauty from $151.00 to $161.00 and gave the company a “hold” rating in a research note on Monday, July 22nd. Finally, Bank of America dropped their price objective on e.l.f. Beauty from $230.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, September 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $195.80.

e.l.f. Beauty Stock Down 2.8 %

ELF stock opened at $105.97 on Monday. The business’s 50-day simple moving average is $144.15 and its 200 day simple moving average is $169.62. The company has a quick ratio of 1.10, a current ratio of 1.77 and a debt-to-equity ratio of 0.23. The company has a market cap of $5.93 billion, a PE ratio of 47.73, a price-to-earnings-growth ratio of 2.33 and a beta of 1.44. e.l.f. Beauty has a twelve month low of $88.47 and a twelve month high of $221.83.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.20. The business had revenue of $324.48 million for the quarter, compared to analysts’ expectations of $303.60 million. e.l.f. Beauty had a return on equity of 23.30% and a net margin of 10.80%. On average, research analysts anticipate that e.l.f. Beauty will post 2.88 earnings per share for the current year.

Insider Buying and Selling at e.l.f. Beauty

In other news, CEO Tarang Amin sold 23,528 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 106,016 shares in the company, valued at $14,465,883.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Joshua Allen Franks sold 3,370 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $201.28, for a total value of $678,313.60. Following the transaction, the senior vice president now owns 71,986 shares in the company, valued at $14,489,342.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Tarang Amin sold 23,528 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $136.45, for a total value of $3,210,395.60. Following the sale, the chief executive officer now directly owns 106,016 shares of the company’s stock, valued at $14,465,883.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,832 shares of company stock worth $7,074,887. 5.20% of the stock is currently owned by corporate insiders.

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

Several institutional investors have recently modified their holdings of ELF. Guidance Capital Inc. boosted its stake in e.l.f. Beauty by 1.6% in the fourth quarter. Guidance Capital Inc. now owns 3,510 shares of the company’s stock valued at $490,000 after acquiring an additional 56 shares during the last quarter. Picton Mahoney Asset Management boosted its position in shares of e.l.f. Beauty by 3.2% in the 2nd quarter. Picton Mahoney Asset Management now owns 2,430 shares of the company’s stock worth $512,000 after purchasing an additional 75 shares during the last quarter. Hanseatic Management Services Inc. grew its stake in shares of e.l.f. Beauty by 1.7% during the second quarter. Hanseatic Management Services Inc. now owns 4,507 shares of the company’s stock worth $950,000 after purchasing an additional 77 shares during the period. GAMMA Investing LLC increased its holdings in e.l.f. Beauty by 33.2% in the first quarter. GAMMA Investing LLC now owns 353 shares of the company’s stock valued at $69,000 after purchasing an additional 88 shares during the last quarter. Finally, American International Group Inc. lifted its stake in e.l.f. Beauty by 0.3% in the fourth quarter. American International Group Inc. now owns 29,435 shares of the company’s stock valued at $4,249,000 after buying an additional 90 shares during the period. Institutional investors and hedge funds 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.