Lauren Cooks Levitan Sells 4,670 Shares of e.l.f. Beauty, Inc. (NYSE:ELF) Stock

e.l.f. Beauty, Inc. (NYSE:ELF) Director Lauren Cooks Levitan sold 4,670 shares of the firm’s stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $115.94, for a total value of $541,439.80. Following the sale, the director now directly owns 12,697 shares of the company’s stock, valued at $1,472,090.18. The trade was a 26.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

e.l.f. Beauty Stock Performance

NYSE ELF opened at $117.83 on Friday. The company has a market cap of $6.65 billion, a P/E ratio of 69.72, a P/E/G ratio of 6.76 and a beta of 1.31. 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 stock has a 50-day moving average of $72.37 and a two-hundred day moving average of $91.65. e.l.f. Beauty, Inc. has a 1-year low of $49.40 and a 1-year high of $219.77.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, May 28th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.06. The company had revenue of $332.65 million during the quarter, compared to the consensus estimate of $327.45 million. e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. e.l.f. Beauty’s revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.53 EPS. As a group, analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ELF shares. Robert W. Baird raised their price objective on e.l.f. Beauty from $110.00 to $145.00 and gave the stock an “outperform” rating in a research report on Friday. UBS Group raised their price objective on e.l.f. Beauty from $59.00 to $84.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 21st. Raymond James raised their price objective on e.l.f. Beauty from $95.00 to $105.00 and gave the stock a “strong-buy” rating in a research report on Thursday, May 29th. Jefferies Financial Group set a $115.00 price objective on e.l.f. Beauty and gave the stock a “buy” rating in a research report on Thursday, May 29th. Finally, Canaccord Genuity Group set a $114.00 price objective on e.l.f. Beauty in a research report on Thursday, May 29th. Five research 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $120.71.

Hedge Funds Weigh In On e.l.f. Beauty

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Baillie Gifford & Co. boosted its stake in shares of e.l.f. Beauty by 51.0% in the 4th quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company’s stock valued at $1,005,584,000 after buying an additional 2,703,742 shares during the period. Vanguard Group Inc. boosted its stake in shares of e.l.f. Beauty by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 5,497,208 shares of the company’s stock valued at $690,174,000 after buying an additional 68,103 shares during the period. Champlain Investment Partners LLC boosted its stake in shares of e.l.f. Beauty by 19.7% in the 1st quarter. Champlain Investment Partners LLC now owns 2,665,026 shares of the company’s stock valued at $167,337,000 after buying an additional 438,575 shares during the period. William Blair Investment Management LLC boosted its stake in shares of e.l.f. Beauty by 40.9% in the 4th quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company’s stock valued at $289,437,000 after buying an additional 669,321 shares during the period. Finally, Clearbridge Investments LLC boosted its stake in shares of 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 valued at $222,541,000 after buying an additional 264,296 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

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.