e.l.f. Beauty, Inc. (NYSE:ELF) Insider Scott Milsten Sells 1,442 Shares

e.l.f. Beauty, Inc. (NYSE:ELF) insider Scott Milsten sold 1,442 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $114.78, for a total value of $165,512.76. Following the sale, the insider now directly owns 117,394 shares in the company, valued at $13,474,483.32. This trade represents a 1.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Wednesday, June 4th, Scott Milsten sold 11,860 shares of e.l.f. Beauty stock. The shares were sold at an average price of $115.56, for a total value of $1,370,541.60.

e.l.f. Beauty Price Performance

ELF opened at $117.93 on Wednesday. The stock’s 50 day simple moving average is $74.61 and its 200 day simple moving average is $91.36. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17. e.l.f. Beauty, Inc. has a 1 year low of $49.40 and a 1 year high of $219.77. The firm has a market cap of $6.64 billion, a price-to-earnings ratio of 69.78, a PEG ratio of 6.76 and a beta of 1.52.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Wednesday, May 28th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $327.45 million. During the same period last year, the company earned $0.53 EPS. e.l.f. Beauty’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, analysts predict that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ELF. JPMorgan Chase & Co. raised their price target on e.l.f. Beauty from $70.00 to $123.00 and gave the company an “overweight” rating in a report on Friday, May 30th. Raymond James raised their price target on e.l.f. Beauty from $95.00 to $105.00 and gave the company a “strong-buy” rating in a report on Thursday, May 29th. Truist Financial raised their price target on e.l.f. Beauty from $125.00 to $130.00 and gave the company a “buy” rating in a report on Friday, June 6th. Jefferies Financial Group set a $115.00 price target on e.l.f. Beauty and gave the company a “buy” rating in a report on Thursday, May 29th. Finally, DA Davidson lowered their price target 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. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $120.71.

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

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Truist Financial Corp grew its position in e.l.f. Beauty by 1.3% during the 4th quarter. Truist Financial Corp now owns 7,885 shares of the company’s stock worth $990,000 after acquiring an additional 102 shares during the last quarter. Arizona State Retirement System grew its position in e.l.f. Beauty by 0.8% during the 4th quarter. Arizona State Retirement System now owns 16,365 shares of the company’s stock worth $2,055,000 after acquiring an additional 128 shares during the last quarter. Treasurer of the State of North Carolina grew its position in shares of e.l.f. Beauty by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 23,630 shares of the company’s stock worth $2,967,000 after buying an additional 140 shares during the last quarter. Atria Wealth Solutions Inc. grew its position in shares of e.l.f. Beauty by 7.7% in the 4th quarter. Atria Wealth Solutions Inc. now owns 2,089 shares of the company’s stock worth $262,000 after buying an additional 150 shares during the last quarter. Finally, Horizon Investments LLC grew its position in shares of e.l.f. Beauty by 29.0% in the 4th quarter. Horizon Investments LLC now owns 742 shares of the company’s stock worth $93,000 after buying an additional 167 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors.

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.