e.l.f. Beauty (NYSE:ELF) Price Target Lowered to $70.00 at JPMorgan Chase & Co.

e.l.f. Beauty (NYSE:ELF - Get Free Report) had its price target lowered by investment analysts at JPMorgan Chase & Co. from $127.00 to $70.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 30.94% from the stock's previous close.

Several other equities analysts also recently weighed in on the company. Truist Financial increased their target price on e.l.f. Beauty from $130.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. Canaccord Genuity Group lowered their price target on e.l.f. Beauty from $174.00 to $105.00 and set a "buy" rating for the company in a research report on Friday, February 7th. Morgan Stanley restated an "equal weight" rating and issued a $70.00 price objective (down from $153.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. DA Davidson cut their price target on shares of e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Finally, Raymond James decreased their price objective on shares of 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, February 7th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $124.76.

Remove Ads

e.l.f. Beauty Price Performance

NYSE ELF traded down $0.15 during trading hours on Friday, reaching $53.46. The company's stock had a trading volume of 2,181,762 shares, compared to its average volume of 2,338,077. 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 company's 50-day moving average is $66.75 and its two-hundred day moving average is $101.08. e.l.f. Beauty has a fifty-two week low of $49.90 and a fifty-two week high of $219.77. The stock has a market cap of $3.02 billion, a PE ratio of 31.63, a PEG ratio of 6.76 and a beta of 1.41.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued 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%. Analysts forecast that e.l.f. Beauty will post 2.38 EPS for the current year.

Insider Buying and Selling at e.l.f. Beauty

In other e.l.f. Beauty news, Director Maureen C. Watson sold 4,000 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $67.39, for a total transaction of $269,560.00. Following the transaction, the director now directly owns 1,888 shares in the company, valued at $127,232.32. This represents a 67.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.50% of the stock is owned by insiders.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Nemes Rush Group LLC bought a new stake in e.l.f. Beauty in the fourth quarter valued at about $27,000. Wilmington Savings Fund Society FSB acquired a new position in shares of e.l.f. Beauty in the 3rd quarter worth approximately $25,000. Orion Capital Management LLC bought a new stake in shares of e.l.f. Beauty in the 4th quarter valued at approximately $30,000. Promus Capital LLC acquired a new stake in shares of e.l.f. Beauty during the 4th quarter valued at approximately $31,000. Finally, Kestra Investment Management LLC bought a new position in e.l.f. Beauty during the fourth quarter worth $32,000. Institutional investors 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.