e.l.f. Beauty, Inc. (NYSE:ELF) Insider Sells $174,886.07 in Stock

e.l.f. Beauty, Inc. (NYSE:ELF) insider Mandy J. Fields sold 1,487 shares of the firm’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $117.61, for a total transaction of $174,886.07. Following the sale, the insider now directly owns 119,846 shares in the company, valued at approximately $14,095,088.06. The trade was a 1.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

e.l.f. Beauty Price Performance

Shares of NYSE:ELF opened at $124.67 on Thursday. e.l.f. Beauty, Inc. has a twelve month low of $49.40 and a twelve month high of $219.77. The stock has a market capitalization of $7.02 billion, a PE ratio of 73.77, a price-to-earnings-growth ratio of 6.76 and a beta of 1.52. The firm’s 50 day moving average price is $76.00 and its 200-day moving average price is $91.59. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, May 28th. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. The company had revenue of $332.65 million for the quarter, compared to analysts’ expectations of $327.45 million. During the same quarter last year, the business earned $0.53 EPS. The firm’s revenue was up 3.6% compared to the same quarter last year. Equities research analysts expect that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

Analyst Upgrades and Downgrades

ELF has been the topic of a number of recent analyst reports. UBS Group raised their price target on shares of e.l.f. Beauty from $59.00 to $84.00 and gave the company a “neutral” rating in a report on Wednesday, May 21st. Jefferies Financial Group set a $115.00 price target on shares of e.l.f. Beauty and gave the company a “buy” rating in a report on Thursday, May 29th. Piper Sandler reaffirmed an “overweight” rating and set a $109.00 price target (up previously from $81.00) on shares of e.l.f. Beauty in a report on Thursday, May 29th. Canaccord Genuity Group set a $114.00 price target on shares of e.l.f. Beauty in a report on Thursday, May 29th. Finally, Truist Financial raised their price target on shares of e.l.f. Beauty from $125.00 to $130.00 and gave the company a “buy” rating in a report on Friday, June 6th. Five investment 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 stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $120.71.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ELF. Baillie Gifford & Co. raised its stake in e.l.f. Beauty by 51.0% during the 4th quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company’s stock worth $1,005,584,000 after acquiring an additional 2,703,742 shares during the period. Champlain Investment Partners LLC raised its stake in e.l.f. Beauty by 99.7% during the 4th quarter. Champlain Investment Partners LLC now owns 2,226,451 shares of the company’s stock worth $279,531,000 after acquiring an additional 1,111,550 shares during the period. William Blair Investment Management LLC raised its stake in e.l.f. Beauty by 40.9% during the 4th 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. Aspex Management HK Ltd bought a new stake in e.l.f. Beauty during the 4th quarter worth approximately $73,576,000. Finally, Raymond James Financial Inc. bought a new stake in e.l.f. Beauty during the 4th quarter worth approximately $68,775,000. 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.