Canaccord Genuity Group Has Lowered Expectations for e.l.f. Beauty (NYSE:ELF) Stock Price

e.l.f. Beauty (NYSE:ELF - Free Report) had its price objective cut by Canaccord Genuity Group from $174.00 to $105.00 in a research note released on Friday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts have also recently weighed in on ELF. Raymond James cut their target price on e.l.f. Beauty from $175.00 to $120.00 and set a "strong-buy" rating for the company in a research note on Friday. Piper Sandler cut their target price on e.l.f. Beauty from $167.00 to $131.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. B. Riley restated a "buy" rating and set a $90.00 target price (down from $150.00) on shares of e.l.f. Beauty in a research note on Friday. Deutsche Bank Aktiengesellschaft started coverage on e.l.f. Beauty in a research note on Thursday, December 12th. They set a "hold" rating and a $133.00 target price for the company. Finally, DA Davidson cut e.l.f. Beauty from a "buy" rating to a "neutral" rating and cut their target price for the stock from $170.00 to $80.00 in a research note on Friday. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, e.l.f. Beauty presently has an average rating of "Moderate Buy" and an average target price of $134.00.

e.l.f. Beauty Price Performance

Shares of ELF stock traded up $3.09 during trading on Friday, hitting $76.95. The company had a trading volume of 4,681,460 shares, compared to its average volume of 3,316,892. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78. The firm has a market capitalization of $4.33 billion, a P/E ratio of 45.53, a price-to-earnings-growth ratio of 1.54 and a beta of 1.47. The stock's 50-day moving average price is $121.36 and its 200 day moving average price is $126.57. e.l.f. Beauty has a one year low of $63.50 and a one year high of $221.83.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 17.35%. Equities analysts expect that e.l.f. Beauty will post 2.8 EPS for the current fiscal year.

Insider Transactions at e.l.f. Beauty

In related news, Director Maureen C. Watson sold 785 shares of the business's stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $130.00, for a total value of $102,050.00. Following the completion of the sale, the director now directly owns 1,888 shares of the company's stock, valued at $245,440. The trade was a 29.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Scott Milsten sold 530 shares of the business's stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $72,928.00. Following the completion of the sale, the insider now directly owns 68,853 shares of the company's stock, valued at $9,474,172.80. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,205 shares of company stock valued at $297,442. Corporate insiders own 3.50% of the company's stock.

Hedge Funds Weigh In On e.l.f. Beauty

A number of hedge funds have recently added to or reduced their stakes in the stock. Robbins Farley boosted its stake in shares of e.l.f. Beauty by 27.1% in the 4th quarter. Robbins Farley now owns 34,396 shares of the company's stock worth $4,318,000 after buying an additional 7,335 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of e.l.f. Beauty by 43.4% in the 4th quarter. Pacer Advisors Inc. now owns 11,802 shares of the company's stock worth $1,482,000 after buying an additional 3,572 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of e.l.f. Beauty by 1,380.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,284 shares of the company's stock worth $1,775,000 after buying an additional 15,184 shares during the last quarter. Ibex Wealth Advisors purchased a new position in shares of e.l.f. Beauty in the 4th quarter worth approximately $5,519,000. Finally, Capricorn Fund Managers Ltd purchased a new position in shares of e.l.f. Beauty in the 4th quarter worth approximately $7,118,000. Institutional investors and hedge funds own 92.44% of the company's stock.

About e.l.f. Beauty

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.