e.l.f. Beauty (NYSE:ELF) Stock Price Down 5.3% on Analyst Downgrade

Shares of e.l.f. Beauty, Inc. (NYSE:ELF - Get Free Report) dropped 5.3% on Tuesday after The Goldman Sachs Group lowered their price target on the stock from $165.00 to $142.00. The Goldman Sachs Group currently has a buy rating on the stock. e.l.f. Beauty traded as low as $88.09 and last traded at $88.53. Approximately 987,031 shares were traded during mid-day trading, a decline of 44% from the average daily volume of 1,758,759 shares. The stock had previously closed at $93.44.

A number of other equities analysts have also commented on the stock. Stifel Nicolaus decreased their price target on shares of e.l.f. Beauty from $115.00 to $105.00 and set a "hold" rating on the stock in a report on Monday, February 3rd. JPMorgan Chase & Co. increased their target price on e.l.f. Beauty from $154.00 to $163.00 and gave the company an "overweight" rating in a research note on Thursday, January 16th. Raymond James cut their price objective on e.l.f. Beauty from $175.00 to $120.00 and set a "strong-buy" rating for the company in a report on Friday. Morgan Stanley restated an "equal weight" rating and issued a $70.00 target price (down previously from $153.00) on shares of e.l.f. Beauty in a research report on Friday. Finally, Robert W. Baird decreased their price target on shares of e.l.f. Beauty from $240.00 to $175.00 and set an "outperform" rating on the stock in a research note on Monday, October 21st. Five investment 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. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $134.00.

Insider Buying and Selling

In other news, insider Scott Milsten sold 530 shares of the business's stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $72,928.00. Following the transaction, the insider now directly owns 68,853 shares of the company's stock, valued at approximately $9,474,172.80. The trade was a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Maureen C. Watson sold 785 shares of the company's stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $130.00, for a total value of $102,050.00. Following the transaction, the director now owns 1,888 shares of the company's stock, valued at approximately $245,440. This represents a 29.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,205 shares of company stock valued at $297,442 over the last ninety days. 3.50% of the stock is owned by insiders.

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

Large investors have recently modified their holdings of the stock. Robbins Farley boosted its position in e.l.f. Beauty by 27.1% during the 4th quarter. Robbins Farley now owns 34,396 shares of the company's stock valued at $4,318,000 after acquiring an additional 7,335 shares in the last quarter. Pacer Advisors Inc. lifted its position in e.l.f. Beauty by 43.4% during the fourth quarter. Pacer Advisors Inc. now owns 11,802 shares of the company's stock valued at $1,482,000 after buying an additional 3,572 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position 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 period. Ibex Wealth Advisors bought a new position in shares of e.l.f. Beauty in the 4th quarter worth about $5,519,000. Finally, Capricorn Fund Managers Ltd purchased a new stake in e.l.f. Beauty in the fourth quarter worth about $7,118,000. Institutional investors own 92.44% of the company's stock.

e.l.f. Beauty Stock Down 19.6 %

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. The stock's 50 day simple moving average is $122.50 and its two-hundred day simple moving average is $127.93. The firm has a market cap of $4.01 billion, a P/E ratio of 42.08, a P/E/G ratio of 1.54 and a beta of 1.47.

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

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.