Brokerages Set e.l.f. Beauty (NYSE:ELF) PT at $103.06

e.l.f. Beauty (NYSE:ELF) has earned an average rating of “Moderate Buy” from the eighteen analysts that are currently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $103.0625.

A number of analysts have issued reports on the company. Weiss Ratings downgraded e.l.f. Beauty from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. UBS Group lowered their target price on e.l.f. Beauty from $102.00 to $70.00 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. Jefferies Financial Group started coverage on shares of e.l.f. Beauty in a report on Wednesday, January 14th. They issued a “buy” rating and a $110.00 target price for the company. JPMorgan Chase & Co. reduced their price target on shares of e.l.f. Beauty from $105.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, April 17th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of e.l.f. Beauty from $95.00 to $68.00 and set a “hold” rating for the company in a research report on Monday, March 30th.

e.l.f. Beauty Stock Down 9.4%

Shares of ELF stock opened at $55.16 on Friday. The company’s fifty day simple moving average is $68.58 and its two-hundred day simple moving average is $79.97. e.l.f. Beauty has a 52 week low of $54.70 and a 52 week high of $150.99. The stock has a market cap of $3.26 billion, a P/E ratio of 31.17, a PEG ratio of 3.28 and a beta of 1.71. The company has a quick ratio of 1.89, a current ratio of 2.76 and a debt-to-equity ratio of 0.70.

Insider Transactions at e.l.f. Beauty

In related news, SVP Joshua Allen Franks sold 23,535 shares of e.l.f. Beauty stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $63.66, for a total value of $1,498,238.10. Following the completion of the transaction, the senior vice president owned 118,071 shares in the company, valued at approximately $7,516,399.86. This trade represents a 16.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Scott Milsten sold 23,797 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $63.66, for a total value of $1,514,917.02. Following the completion of the sale, the insider directly owned 114,940 shares of the company’s stock, valued at $7,317,080.40. The trade was a 17.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 210,013 shares of company stock worth $13,315,490 in the last quarter. Company insiders own 3.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets raised its position in e.l.f. Beauty by 3,131.7% in the 4th quarter. BNP Paribas Financial Markets now owns 924,902 shares of the company’s stock worth $70,330,000 after purchasing an additional 896,282 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of e.l.f. Beauty by 47.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,197,319 shares of the company’s stock worth $167,086,000 after buying an additional 711,540 shares during the period. Swedbank AB raised its holdings in shares of e.l.f. Beauty by 97.0% in the fourth quarter. Swedbank AB now owns 1,364,801 shares of the company’s stock worth $103,779,000 after buying an additional 672,071 shares during the period. Armistice Capital LLC lifted its stake in shares of e.l.f. Beauty by 394.9% during the 4th quarter. Armistice Capital LLC now owns 657,983 shares of the company’s stock worth $50,033,000 after acquiring an additional 525,018 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of e.l.f. Beauty during the 4th quarter worth approximately $38,895,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

e.l.f. Beauty Company Profile

e.l.f. Beauty (NYSE: ELF) is an American cosmetics company known for offering an extensive range of affordable, trend-driven makeup and skincare products. The company’s portfolio spans foundations, lipsticks, mascaras, brushes, serums, masks and other beauty essentials, all positioned at accessible price points. e.l.f. Beauty maintains a direct-to-consumer platform through its e-commerce site and engages in widespread retail partnerships with major chains such as Target, Walmart, Ulta Beauty and Amazon.

Founded in 2004 and headquartered in Oakland, California, e.l.f.