e.l.f. Beauty (NYSE:ELF) Hits New 12-Month Low - What's Next?

e.l.f. Beauty, Inc. (NYSE:ELF - Get Free Report) reached a new 52-week low during trading on Friday . The stock traded as low as $52.99 and last traded at $52.49, with a volume of 81549 shares traded. The stock had previously closed at $55.02.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ELF. The Goldman Sachs Group cut their price target on e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Truist Financial boosted their price target 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. Stifel Nicolaus reduced their price objective on shares of e.l.f. Beauty from $115.00 to $105.00 and set a "hold" rating for the company in a report on Monday, February 3rd. B. Riley reissued a "buy" rating and set a $90.00 target price (down previously from $150.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Finally, UBS Group reaffirmed a "neutral" rating and issued a $74.00 price target (down from $158.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $130.24.

e.l.f. Beauty Trading Up 7.7 %

The firm has a market capitalization of $3.10 billion, a PE ratio of 32.86, a price-to-earnings-growth ratio of 6.76 and a beta of 1.41. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17. The company has a fifty day moving average of $70.17 and a 200-day moving average of $102.66.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing analysts' consensus estimates 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%. On average, sell-side analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other e.l.f. Beauty 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 transaction, the director now owns 1,888 shares in the company, valued at $127,232.32. This trade represents a 67.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.50% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ELF. Baillie Gifford & Co. grew its position in shares of 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 valued at $1,005,584,000 after purchasing an additional 2,703,742 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of e.l.f. Beauty by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 5,497,208 shares of the company's stock worth $690,174,000 after acquiring an additional 68,103 shares during the last quarter. William Blair Investment Management LLC increased its position 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 acquiring an additional 669,321 shares during the period. Champlain Investment Partners LLC boosted its holdings in e.l.f. Beauty by 99.7% in the 4th quarter. Champlain Investment Partners LLC now owns 2,226,451 shares of the company's stock valued at $279,531,000 after purchasing an additional 1,111,550 shares during the period. Finally, Clearbridge Investments LLC grew its position in e.l.f. Beauty by 17.5% in the 4th quarter. Clearbridge Investments LLC now owns 1,772,528 shares of the company's stock worth $222,541,000 after purchasing an additional 264,296 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

e.l.f. Beauty Company Profile

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.