The Goldman Sachs Group Cuts e.l.f. Beauty (NYSE:ELF) Price Target to $142.00

e.l.f. Beauty (NYSE:ELF) had its price target reduced by The Goldman Sachs Group from $165.00 to $142.00 in a research note issued to investors on Friday,Benzinga reports. They currently have a buy rating on the stock.

Several other research analysts have also commented on the company. Stifel Nicolaus reduced their price target on e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft began coverage on shares of e.l.f. Beauty in a research note on Thursday, December 12th. They set a “hold” rating and a $133.00 target price on the stock. Bank of America dropped their price target on shares of e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. DA Davidson lowered shares of e.l.f. Beauty from a “buy” rating to a “neutral” rating and reduced their price target for the company from $170.00 to $80.00 in a research report on Friday. Finally, Jefferies Financial Group lowered their price objective on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $134.00.

e.l.f. Beauty Stock Performance

NYSE:ELF opened at $71.12 on Friday. The company has a market cap of $4.01 billion, a P/E ratio of 42.08, a P/E/G ratio of 1.54 and a beta of 1.47. e.l.f. Beauty has a twelve month low of $63.50 and a twelve month high of $221.83. The company’s 50-day moving average price is $122.50 and its 200-day moving average price is $127.58. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22.

e.l.f. Beauty (NYSE:ELF) last released 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 17.35% and a net margin of 7.55%. On average, sell-side analysts forecast that e.l.f. Beauty will post 2.8 earnings per share for the current fiscal year.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, Director Maureen C. Watson sold 785 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $130.00, for a total transaction of $102,050.00. Following the sale, the director now directly owns 1,888 shares in the company, valued at $245,440. This represents a 29.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Scott Milsten sold 530 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $72,928.00. Following the completion of the transaction, the insider now owns 68,853 shares of the company’s stock, valued at approximately $9,474,172.80. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,205 shares of company stock valued at $297,442. 3.50% of the stock is currently owned by corporate insiders.

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

A number of hedge funds have recently bought and sold shares of ELF. Baillie Gifford & Co. grew its position in shares of e.l.f. Beauty by 51.0% during the fourth quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company’s stock worth $1,005,584,000 after buying an additional 2,703,742 shares in the last quarter. Champlain Investment Partners LLC purchased a new position in e.l.f. Beauty in the third quarter worth approximately $121,558,000. Swedbank AB acquired a new position in e.l.f. Beauty during the 3rd quarter worth approximately $76,321,000. Raymond James Financial Inc. purchased a new stake in shares of e.l.f. Beauty in the 4th quarter valued at approximately $68,775,000. Finally, Thrivent Financial for Lutherans raised its holdings in shares of e.l.f. Beauty by 223.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 555,287 shares of the company’s stock valued at $60,543,000 after purchasing an additional 383,478 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

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.