Insider Selling: e.l.f. Beauty, Inc. (NYSE:ELF) Insider Sells 1,487 Shares of Stock

e.l.f. Beauty, Inc. (NYSE:ELF) insider Mandy J. Fields sold 1,487 shares of e.l.f. Beauty stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $117.61, for a total value of $174,886.07. Following the completion of the transaction, the insider now owns 119,846 shares of the company’s stock, valued at approximately $14,095,088.06. The trade was a 1.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

e.l.f. Beauty Stock Up 1.2%

ELF opened at $117.93 on Wednesday. e.l.f. Beauty, Inc. has a one year low of $49.40 and a one year high of $219.77. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. The stock’s fifty day moving average is $74.61 and its 200-day moving average is $91.36. The company has a market capitalization of $6.64 billion, a PE ratio of 69.78, a P/E/G ratio of 6.76 and a beta of 1.52.

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ELF. The Goldman Sachs Group reduced their price objective on e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Truist Financial lifted their target price on e.l.f. Beauty from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, June 6th. Jefferies Financial Group set a $115.00 target price on e.l.f. Beauty and gave the company a “buy” rating in a research note on Thursday, May 29th. Raymond James lifted their target price on e.l.f. Beauty from $95.00 to $105.00 and gave the company a “strong-buy” rating in a research note on Thursday, May 29th. Finally, Canaccord Genuity Group set a $114.00 target price on e.l.f. Beauty in a research note on Thursday, May 29th. Five equities 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $120.71.

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

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Nemes Rush Group LLC acquired a new position in e.l.f. Beauty during the fourth quarter valued at $27,000. Orion Capital Management LLC acquired a new position in e.l.f. Beauty during the fourth quarter valued at $30,000. Promus Capital LLC acquired a new position in e.l.f. Beauty during the fourth quarter valued at $31,000. Kestra Investment Management LLC acquired a new position in e.l.f. Beauty during the fourth quarter valued at $32,000. Finally, Golden State Wealth Management LLC acquired a new position in e.l.f. Beauty during the first quarter valued at $33,000. 92.44% of the stock is owned by institutional investors and hedge funds.

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.