e.l.f. Beauty, Inc. (NYSE:ELF) Director Sells $541,439.80 in Stock

e.l.f. Beauty, Inc. (NYSE:ELF) Director Lauren Cooks Levitan sold 4,670 shares of the business’s stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $115.94, for a total transaction 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. This represents a 26.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

e.l.f. Beauty Stock Performance

Shares of ELF stock opened at $117.83 on Friday. e.l.f. Beauty, Inc. has a 12 month low of $49.40 and a 12 month high of $219.77. 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 firm has a market capitalization of $6.64 billion, a P/E ratio of 69.72, a P/E/G ratio of 6.76 and a beta of 1.52. The company’s fifty day moving average price is $72.37 and its two-hundred day moving average price is $91.45.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, May 28th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. The business had revenue of $332.65 million for the quarter, compared to analyst estimates of $327.45 million. e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.53 EPS. On average, research analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ELF has been the subject of several research reports. Robert W. Baird boosted their price objective on shares of e.l.f. Beauty from $110.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday. Truist Financial boosted their price objective on shares of e.l.f. Beauty from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Friday. Jefferies Financial Group set a $115.00 price objective on shares of e.l.f. Beauty and gave the company a “buy” rating in a research note on Thursday, May 29th. The Goldman Sachs Group lowered their price objective on shares of e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $109.00 price target (up from $81.00) on shares of 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 given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, e.l.f. Beauty currently has an average rating of “Moderate Buy” and an average target price of $120.71.

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

A number of institutional investors have recently modified their holdings of ELF. Nemes Rush Group LLC acquired a new stake in shares of e.l.f. Beauty in the 4th quarter valued at about $27,000. Orion Capital Management LLC acquired a new stake in shares of e.l.f. Beauty in the 4th quarter valued at about $30,000. Promus Capital LLC acquired a new stake in shares of e.l.f. Beauty in the 4th quarter valued at about $31,000. Kestra Investment Management LLC acquired a new stake in shares of e.l.f. Beauty in the 4th quarter valued at about $32,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of e.l.f. Beauty in the 1st quarter valued at about $33,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

About e.l.f. Beauty

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.