Scott Milsten Sells 11,860 Shares of e.l.f. Beauty, Inc. (NYSE:ELF) Stock

e.l.f. Beauty, Inc. (NYSE:ELF) insider Scott Milsten sold 11,860 shares of the stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $115.56, for a total value of $1,370,541.60. Following the sale, the insider now directly owns 118,836 shares in the company, valued at approximately $13,732,688.16. The trade was a 9.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

e.l.f. Beauty Price Performance

Shares of ELF opened at $117.83 on Friday. e.l.f. Beauty, Inc. has a 52 week low of $49.40 and a 52 week high of $219.77. The firm has a market cap of $6.64 billion, a price-to-earnings ratio of 69.72, a PEG ratio of 6.76 and a beta of 1.52. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. The stock has a 50 day moving average of $72.37 and a 200-day moving average of $91.45.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data 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. e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. The business had revenue of $332.65 million during the quarter, compared to analyst estimates of $327.45 million. During the same quarter in the previous year, the firm posted $0.53 EPS. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, analysts forecast 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 analyst reports. The Goldman Sachs Group decreased their price objective on e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Canaccord Genuity Group set a $114.00 price objective on e.l.f. Beauty in a report on Thursday, May 29th. Piper Sandler reiterated an “overweight” rating and set a $109.00 target price (up from $81.00) on shares of e.l.f. Beauty in a report on Thursday, May 29th. DA Davidson dropped their target price on e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Finally, UBS Group lifted their price objective on e.l.f. Beauty from $59.00 to $84.00 and gave the stock a “neutral” rating in a report on Wednesday, May 21st. 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 company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $120.71.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Nemes Rush Group LLC acquired a new position in e.l.f. Beauty during the 4th quarter worth $27,000. Orion Capital Management LLC acquired a new stake in shares of e.l.f. Beauty during the fourth quarter worth $30,000. Promus Capital LLC acquired a new stake in shares of e.l.f. Beauty during the fourth quarter worth $31,000. Kestra Investment Management LLC acquired a new stake in shares of e.l.f. Beauty during the fourth quarter worth $32,000. Finally, Wilmington Savings Fund Society FSB raised its position in shares of e.l.f. Beauty by 84.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 429 shares of the company’s stock worth $54,000 after purchasing an additional 197 shares during the period. Institutional investors and hedge funds 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.