Shares of e.l.f. Beauty Inc (NYSE:ELF) traded down 5.5% during trading on Tuesday . The stock traded as low as $10.11 and last traded at $10.85. 950,105 shares traded hands during trading, an increase of 70% from the average session volume of 560,418 shares. The stock had previously closed at $11.48.

Several analysts recently commented on the company. JPMorgan Chase & Co. set a $11.00 price target on e.l.f. Beauty and gave the stock a “sell” rating in a research report on Thursday, September 13th. Jefferies Financial Group set a $13.00 target price on e.l.f. Beauty and gave the company a “hold” rating in a report on Wednesday, September 12th. Zacks Investment Research upgraded e.l.f. Beauty from a “sell” rating to a “hold” rating in a report on Monday, August 13th. SunTrust Banks dropped their target price on e.l.f. Beauty to $14.00 and set a “buy” rating for the company in a report on Monday, August 13th. Finally, DA Davidson restated a “neutral” rating and issued a $12.25 target price (down from $23.00) on shares of e.l.f. Beauty in a report on Thursday, August 9th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. e.l.f. Beauty currently has an average rating of “Hold” and an average target price of $16.44.

The company has a debt-to-equity ratio of 0.70, a current ratio of 3.58 and a quick ratio of 1.72. The firm has a market cap of $605.72 million, a PE ratio of 22.63, a price-to-earnings-growth ratio of 5.87 and a beta of 1.14.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, August 8th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.07. The company had revenue of $59.06 million during the quarter, compared to analysts’ expectations of $59.20 million. e.l.f. Beauty had a return on equity of 11.60% and a net margin of 10.52%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.12 EPS. On average, analysts forecast that e.l.f. Beauty Inc will post 0.32 EPS for the current year.

In other news, CFO John P. Bailey sold 86,600 shares of the stock in a transaction on Tuesday, October 9th. The stock was sold at an average price of $12.54, for a total transaction of $1,085,964.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jonathan T. Fieldman sold 68,312 shares of the stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $13.46, for a total value of $919,479.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 336,440 shares of company stock valued at $4,370,604. Company insiders own 15.50% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ELF. Fox Run Management L.L.C. purchased a new position in shares of e.l.f. Beauty during the 2nd quarter worth $211,000. Nisa Investment Advisors LLC purchased a new position in shares of e.l.f. Beauty during the 2nd quarter worth $207,000. Diversified Trust Co purchased a new position in shares of e.l.f. Beauty during the 2nd quarter worth $169,000. Massachusetts Financial Services Co. MA grew its holdings in shares of e.l.f. Beauty by 19.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 870,793 shares of the company’s stock worth $13,271,000 after purchasing an additional 139,610 shares during the period. Finally, Engineers Gate Manager LP grew its holdings in shares of e.l.f. Beauty by 74.8% during the 2nd quarter. Engineers Gate Manager LP now owns 69,189 shares of the company’s stock worth $1,054,000 after purchasing an additional 29,607 shares during the period. Institutional investors and hedge funds own 87.82% of the company’s stock.

About e.l.f. Beauty (NYSE:ELF)

e.l.f. Beauty, Inc operates as a beauty company. The company offers cosmetics, including face makeup, eye makeup, lip products, nail products, and cosmetics sets/kits; and skin care products under the e.l.f. brand name. It sells its products through direct-to-consumer channels, which include e-commerce and e.l.f.

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