e.l.f. Beauty (NYSE:ELF) Shares Gap Down After Insider Selling

e.l.f. Beauty Inc (NYSE:ELF)’s stock price gapped down prior to trading on Wednesday after an insider sold shares in the company. The stock had previously closed at $15.13, but opened at $15.56. e.l.f. Beauty shares last traded at $15.72, with a volume of 21,677 shares traded.

Specifically, CEO Tarang Amin sold 6,723 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $16.01, for a total value of $107,635.23. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Tpg Growth Ii Advisors, Inc. sold 3,565,550 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $15.73, for a total transaction of $56,086,101.50. The disclosure for this sale can be found here. Insiders have sold 3,846,280 shares of company stock valued at $61,318,134 in the last three months. 17.10% of the stock is owned by corporate insiders.

A number of equities analysts have commented on ELF shares. Jefferies Financial Group cut shares of e.l.f. Beauty from a “buy” rating to a “hold” rating and cut their price target for the stock from $20.50 to $20.00 in a research note on Wednesday, November 13th. They noted that the move was a valuation call. Wells Fargo & Co raised their price objective on shares of e.l.f. Beauty from $12.00 to $13.00 and gave the company an “underperform” rating in a research report on Tuesday, October 15th. Piper Jaffray Companies lifted their price objective on shares of e.l.f. Beauty from $16.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday, September 23rd. Morgan Stanley upped their target price on shares of e.l.f. Beauty from $17.50 to $19.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Finally, ValuEngine cut e.l.f. Beauty from a “hold” rating to a “sell” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $17.60.

The company has a debt-to-equity ratio of 0.60, a current ratio of 3.12 and a quick ratio of 2.03. The company has a 50 day simple moving average of $16.95 and a 200-day simple moving average of $15.80. The firm has a market cap of $778.98 million, a PE ratio of 33.89, a price-to-earnings-growth ratio of 16.19 and a beta of 2.32.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.04 by $0.11. The firm had revenue of $67.60 million for the quarter, compared to the consensus estimate of $61.07 million. e.l.f. Beauty had a net margin of 0.73% and a return on equity of 8.09%. The business’s revenue was up 5.8% compared to the same quarter last year. During the same period last year, the firm posted $0.17 earnings per share. On average, sell-side analysts predict that e.l.f. Beauty Inc will post 0.27 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in ELF. Atria Investments LLC bought a new position in shares of e.l.f. Beauty during the second quarter valued at about $1,282,000. Oppenheimer Asset Management Inc. purchased a new stake in e.l.f. Beauty during the 3rd quarter valued at about $140,000. Aperio Group LLC purchased a new stake in e.l.f. Beauty during the 2nd quarter valued at about $28,000. California Public Employees Retirement System boosted its holdings in e.l.f. Beauty by 9.6% during the 3rd quarter. California Public Employees Retirement System now owns 106,061 shares of the company’s stock valued at $1,857,000 after acquiring an additional 9,248 shares during the period. Finally, Morgan Stanley grew its position in e.l.f. Beauty by 354.0% during the 2nd quarter. Morgan Stanley now owns 20,594 shares of the company’s stock worth $289,000 after acquiring an additional 16,058 shares during the last quarter. 83.26% of the stock is currently owned by institutional investors.

e.l.f. Beauty Company Profile (NYSE:ELF)

e.l.f. Beauty, Inc, a beauty company, provides cosmetic and skin care products under the e.l.f. brand name worldwide. The company offers eye, lip, face, and skin care products, as well as kits and tools. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce and e.l.f.

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