B. Riley Issues Pessimistic Forecast for e.l.f. Beauty (NYSE:ELF) Stock Price

by · The Cerbat Gem

e.l.f. Beauty (NYSE:ELF – Free Report) had its price objective reduced by B. Riley from $175.00 to $150.00 in a report issued on Thursday,Benzinga reports. B. Riley currently has a buy rating on the stock.

Several other research firms have also recently weighed in on ELF. Morgan Stanley lowered their price target on shares of e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating on the stock in a report on Monday, September 30th. Robert W. Baird dropped their price target on 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. DA Davidson decreased their price objective on e.l.f. Beauty from $223.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday. Jefferies Financial Group dropped their target price on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Finally, Bank of America decreased their price target on shares of e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, e.l.f. Beauty presently has an average rating of “Moderate Buy” and a consensus price target of $173.53.

Check Out Our Latest Research Report on e.l.f. Beauty

e.l.f. Beauty Stock Performance

Shares of NYSE ELF opened at $120.20 on Thursday. The company has a current ratio of 1.77, a quick ratio of 1.10 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $6.78 billion, a P/E ratio of 64.97, a P/E/G ratio of 2.17 and a beta of 1.44. e.l.f. Beauty has a 12 month low of $92.16 and a 12 month high of $221.83. The stock has a 50 day moving average of $112.47 and a 200-day moving average of $155.74.

e.l.f. Beauty (NYSE:ELF – Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.43 by $0.34. The firm had revenue of $301.10 million for the quarter, compared to the consensus estimate of $289.43 million. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.89%. The company’s quarterly revenue was up 39.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.66 earnings per share. As a group, equities research analysts predict that e.l.f. Beauty will post 2.88 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Tarang Amin sold 23,528 shares of the firm’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 completion of the sale, the chief executive officer now owns 106,016 shares of the company’s stock, valued at $14,465,883.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 3.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ELF. Private Advisor Group LLC acquired a new position in shares of e.l.f. Beauty during the first quarter worth approximately $417,000. Texas Permanent School Fund Corp lifted its stake in shares of e.l.f. Beauty by 1.9% in the first 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 acquired a new position in shares of e.l.f. Beauty during the first quarter valued at about $319,000. Quantbot Technologies LP acquired a new position in shares of e.l.f. Beauty during the first quarter valued at about $1,341,000. Finally, SG Americas Securities LLC raised its holdings in shares of 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 acquiring an additional 760 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

e.l.f. Beauty Company Profile

(Get Free Report)

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.

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