e.l.f. Beauty, Inc. (NYSE:ELF) Insider Kory Marchisotto Sells 1,496 Shares

e.l.f. Beauty, Inc. (NYSE:ELF) insider Kory Marchisotto sold 1,496 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 value of $175,944.56. Following the sale, the insider now owns 158,303 shares in the company, valued at approximately $18,618,015.83. The trade was a 0.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Kory Marchisotto also recently made the following trade(s):

• On Wednesday, June 4th, Kory Marchisotto sold 11,860 shares of e.l.f. Beauty stock. The stock was sold at an average price of $115.56, for a total transaction of $1,370,541.60.
• On Monday, April 21st, Kory Marchisotto sold 51,350 shares of e.l.f. Beauty stock. The stock was sold at an average price of $53.36, for a total transaction of $2,740,036.00.

e.l.f. Beauty Price Performance

e.l.f. Beauty stock traded down $0.99 during trading hours on Monday, hitting $116.67. 1,666,545 shares of the company traded hands, compared to its average volume of 2,523,335. The firm has a market cap of $6.57 billion, a P/E ratio of 69.04, a P/E/G ratio of 6.76 and a beta of 1.52. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. The firm’s 50-day simple moving average is $72.37 and its two-hundred day simple moving average is $91.24. e.l.f. Beauty, Inc. has a 1-year low of $49.40 and a 1-year high of $219.77.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, May 28th. The company reported $0.78 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $332.65 million for the quarter, compared to analysts’ expectations of $327.45 million. During the same quarter last year, the company earned $0.53 EPS. e.l.f. Beauty’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, analysts forecast that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ELF shares. Raymond James boosted their target price on shares of e.l.f. Beauty from $95.00 to $105.00 and gave the stock a “strong-buy” rating in a research report on Thursday, May 29th. 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. Robert W. Baird lifted their target price on e.l.f. Beauty from $110.00 to $145.00 and gave the stock an “outperform” rating in a research report on Friday. Truist Financial increased their target price on shares of e.l.f. Beauty from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Friday. Finally, Canaccord Genuity Group set a $114.00 target price on shares of e.l.f. Beauty in a report on Thursday, May 29th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $120.71.

Hedge Funds Weigh In On e.l.f. Beauty

Large investors have recently made changes to their positions in the business. Nemes Rush Group LLC bought a new position in shares of e.l.f. Beauty during the 4th quarter valued at about $27,000. Orion Capital Management LLC bought a new position in shares of e.l.f. Beauty during the 4th quarter valued at about $30,000. Promus Capital LLC acquired a new position in shares of e.l.f. Beauty in the 4th quarter worth $31,000. Kestra Investment Management LLC acquired a new position in shares of e.l.f. Beauty in the 4th quarter worth $32,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of e.l.f. Beauty in the 1st quarter worth $33,000. Institutional investors 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.