StockNews.com Downgrades e.l.f. Beauty (NYSE:ELF) to Sell

e.l.f. Beauty (NYSE:ELFGet Free Report) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

Several other research analysts have also recently weighed in on ELF. Truist Financial increased their price objective on e.l.f. Beauty from $150.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday. DA Davidson boosted their price target on e.l.f. Beauty from $178.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday. Raymond James upped their target price on e.l.f. Beauty from $140.00 to $180.00 and gave the company a “strong-buy” rating in a report on Monday, January 22nd. Piper Sandler dropped their price target on e.l.f. Beauty from $164.00 to $152.00 in a research note on Tuesday, October 10th. Finally, Stifel Nicolaus upped their target price on e.l.f. Beauty from $119.00 to $141.00 and gave the stock a “hold” rating in a research report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.58.

Get Our Latest Analysis on e.l.f. Beauty

e.l.f. Beauty Trading Up 4.0 %

NYSE ELF opened at $171.44 on Wednesday. The company has a market cap of $9.46 billion, a PE ratio of 75.86, a PEG ratio of 2.34 and a beta of 1.54. The company has a current ratio of 2.86, a quick ratio of 1.89 and a debt-to-equity ratio of 0.11. e.l.f. Beauty has a 12 month low of $67.59 and a 12 month high of $174.65. The stock has a 50 day moving average of $148.71 and a 200-day moving average of $126.76.

Insiders Place Their Bets

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,142 shares of the firm’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $139.44, for a total value of $3,226,920.48. Following the sale, the chief executive officer now owns 44,263 shares of the company’s stock, valued at approximately $6,172,032.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other e.l.f. Beauty news, CEO Tarang Amin sold 23,142 shares of the firm’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $139.44, for a total value of $3,226,920.48. Following the sale, the chief executive officer now owns 44,263 shares of the company’s stock, valued at approximately $6,172,032.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Scott Milsten sold 5,061 shares of the firm’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $140.22, for a total value of $709,653.42. Following the completion of the sale, the insider now directly owns 79,104 shares in the company, valued at approximately $11,091,962.88. The disclosure for this sale can be found here. Insiders sold a total of 69,092 shares of company stock worth $10,082,191 in the last quarter. 5.20% of the stock is owned by company insiders.

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

A number of large investors have recently made changes to their positions in the business. First Trust Direct Indexing L.P. raised its position in e.l.f. Beauty by 3.2% during the fourth quarter. First Trust Direct Indexing L.P. now owns 2,106 shares of the company’s stock valued at $304,000 after purchasing an additional 65 shares during the period. State of Alaska Department of Revenue raised its position in e.l.f. Beauty by 0.3% during the fourth quarter. State of Alaska Department of Revenue now owns 33,993 shares of the company’s stock valued at $4,906,000 after purchasing an additional 85 shares during the period. First Horizon Advisors Inc. raised its position in e.l.f. Beauty by 38.0% during the fourth quarter. First Horizon Advisors Inc. now owns 338 shares of the company’s stock valued at $49,000 after purchasing an additional 93 shares during the period. GPS Wealth Strategies Group LLC raised its position in e.l.f. Beauty by 66.4% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 243 shares of the company’s stock valued at $35,000 after purchasing an additional 97 shares during the period. Finally, Guidance Capital Inc. raised its position in e.l.f. Beauty by 3.0% during the third quarter. Guidance Capital Inc. now owns 3,454 shares of the company’s stock valued at $379,000 after purchasing an additional 100 shares during the period. 92.44% of the stock is currently owned by institutional investors.

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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