e.l.f. Beauty (NYSE:ELF) Hits New 1-Year Low - Here's Why

e.l.f. Beauty, Inc. (NYSE:ELF - Get Free Report) hit a new 52-week low on Wednesday . The stock traded as low as $49.48 and last traded at $49.50, with a volume of 1161514 shares. The stock had previously closed at $52.17.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Morgan Stanley restated an "equal weight" rating and set a $70.00 price objective (down previously from $153.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. JPMorgan Chase & Co. dropped their target price on e.l.f. Beauty from $127.00 to $70.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. DA Davidson decreased their price target on e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Stifel Nicolaus decreased their target price on shares of e.l.f. Beauty from $115.00 to $105.00 and set a "hold" rating on the stock in a research report on Monday, February 3rd. Finally, Raymond James reduced their price objective on shares of e.l.f. Beauty from $120.00 to $85.00 and set a "strong-buy" rating for the company in a research note on Thursday. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $121.82.

e.l.f. Beauty Trading Up 1.8 %

The business has a fifty day moving average price of $64.02 and a 200 day moving average price of $99.14. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 31.73, a P/E/G ratio of 6.76 and a beta of 1.41.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its quarterly earnings data 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 return on equity of 16.88% and a net margin of 7.55%. As a group, equities analysts forecast that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Maureen C. Watson sold 4,000 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $67.39, for a total transaction of $269,560.00. Following the completion of the transaction, the director now directly owns 1,888 shares in the company, valued at approximately $127,232.32. This represents a 67.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. grew its stake in e.l.f. Beauty by 51.0% in the fourth quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company's stock worth $1,005,584,000 after purchasing an additional 2,703,742 shares in the last quarter. Vanguard Group Inc. raised its position in shares of e.l.f. Beauty by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 5,497,208 shares of the company's stock valued at $690,174,000 after acquiring an additional 68,103 shares in the last quarter. William Blair Investment Management LLC lifted its stake in e.l.f. Beauty by 40.9% during the fourth quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company's stock worth $289,437,000 after purchasing an additional 669,321 shares during the last quarter. Champlain Investment Partners LLC boosted its holdings in e.l.f. Beauty by 99.7% in the fourth quarter. Champlain Investment Partners LLC now owns 2,226,451 shares of the company's stock worth $279,531,000 after purchasing an additional 1,111,550 shares during the period. Finally, Clearbridge Investments LLC increased its stake in e.l.f. Beauty by 17.5% during the fourth quarter. Clearbridge Investments LLC now owns 1,772,528 shares of the company's stock valued at $222,541,000 after purchasing an additional 264,296 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

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.