Insider Selling: e.l.f. Beauty (NYSE:ELF) Insider Sells 4,162 Shares of Stock

e.l.f. Beauty (NYSE:ELF) insider Scott Milsten sold 4,162 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $51.53, for a total transaction of $214,467.86. Following the sale, the insider owned 144,581 shares of the company’s stock, valued at $7,450,258.93. This trade represents a 2.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Scott Milsten also recently made the following trade(s):

• On Monday, April 27th, Scott Milsten sold 23,797 shares of e.l.f. Beauty stock. The stock was sold at an average price of $63.66, for a total transaction of $1,514,917.02.

e.l.f. Beauty Stock Performance

Shares of ELF traded up $2.64 during mid-day trading on Thursday, hitting $60.76. 3,784,136 shares of the company’s stock were exchanged, compared to its average volume of 2,805,131. e.l.f. Beauty has a fifty-two week low of $48.82 and a fifty-two week high of $150.99. The firm has a market capitalization of $3.61 billion, a P/E ratio of 132.09, a P/E/G ratio of 2.29 and a beta of 1.63. The business’s 50 day moving average is $59.46 and its two-hundred day moving average is $73.00. The company has a current ratio of 2.35, a quick ratio of 1.69 and a debt-to-equity ratio of 0.72.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Wednesday, May 20th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.03. e.l.f. Beauty had a net margin of 1.61% and a return on equity of 11.02%. The business had revenue of $449.29 million during the quarter, compared to the consensus estimate of $423.06 million. During the same quarter in the prior year, the firm earned $0.78 earnings per share. The business’s quarterly revenue was up 35.1% compared to the same quarter last year. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. On average, equities analysts expect that e.l.f. Beauty will post 2.41 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ELF. Royal Bank of Canada increased its holdings in e.l.f. Beauty by 9.9% in the first quarter. Royal Bank of Canada now owns 153,682 shares of the company’s stock valued at $9,650,000 after buying an additional 13,851 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in e.l.f. Beauty by 168.6% in the first quarter. Integrated Wealth Concepts LLC now owns 6,483 shares of the company’s stock valued at $407,000 after buying an additional 4,069 shares in the last quarter. NewEdge Advisors LLC increased its holdings in e.l.f. Beauty by 176.4% in the first quarter. NewEdge Advisors LLC now owns 4,677 shares of the company’s stock valued at $294,000 after buying an additional 2,985 shares in the last quarter. United Services Automobile Association purchased a new position in e.l.f. Beauty in the first quarter valued at about $240,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in e.l.f. Beauty by 58.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock valued at $39,000 after buying an additional 117 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on ELF shares. UBS Group set a $80.00 price target on shares of e.l.f. Beauty in a report on Thursday, May 21st. JPMorgan Chase & Co. cut their price target on shares of e.l.f. Beauty from $85.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Robert W. Baird cut their price target on shares of e.l.f. Beauty from $115.00 to $90.00 and set an “outperform” rating for the company in a report on Tuesday, April 28th. Evercore started coverage on shares of e.l.f. Beauty in a report on Thursday, April 2nd. They set an “inline” rating and a $68.00 price target for the company. Finally, Canaccord Genuity Group cut their price target on shares of e.l.f. Beauty from $100.00 to $90.00 and set a “buy” rating for the company in a report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.60.

About e.l.f. Beauty

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.