e.l.f. Beauty (NYSE:ELF) Insider Sells $1,893,451.50 in Stock

e.l.f. Beauty (NYSE:ELF) insider Kory Marchisotto sold 13,515 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $140.10, for a total transaction of $1,893,451.50. Following the sale, the insider owned 144,788 shares of the company’s stock, valued at $20,284,798.80. The trade was a 8.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

e.l.f. Beauty Trading Down 2.0%

Shares of NYSE:ELF opened at $135.34 on Monday. The stock has a market capitalization of $8.03 billion, a price-to-earnings ratio of 79.61, a PEG ratio of 3.28 and a beta of 1.59. e.l.f. Beauty has a 1-year low of $49.40 and a 1-year high of $147.33. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.34 and a current ratio of 3.26. The company has a 50 day moving average price of $119.77 and a 200 day moving average price of $95.19.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, August 6th. The company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. The firm had revenue of $353.74 million during the quarter, compared to analysts’ expectations of $348.99 million. e.l.f. Beauty had a net margin of 7.29% and a return on equity of 16.36%. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the firm posted $1.10 earnings per share. On average, research analysts anticipate that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Orion Capital Management LLC purchased a new stake in e.l.f. Beauty in the 4th quarter worth approximately $30,000. EverSource Wealth Advisors LLC lifted its position in e.l.f. Beauty by 97.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock worth $32,000 after buying an additional 128 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in e.l.f. Beauty in the 1st quarter worth approximately $33,000. Northwestern Mutual Wealth Management Co. lifted its position in e.l.f. Beauty by 58.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock worth $39,000 after buying an additional 117 shares in the last quarter. Finally, Larson Financial Group LLC lifted its position in e.l.f. Beauty by 56.5% in the 1st quarter. Larson Financial Group LLC now owns 676 shares of the company’s stock worth $42,000 after buying an additional 244 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analyst Ratings Changes

ELF has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of e.l.f. Beauty from $132.00 to $130.00 and set an “overweight” rating for the company in a report on Thursday, August 7th. Truist Financial upped their price target on shares of e.l.f. Beauty from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, June 6th. Bank of America upped their price target on shares of e.l.f. Beauty from $113.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, June 20th. Deutsche Bank Aktiengesellschaft downgraded shares of e.l.f. Beauty from a “buy” rating to a “hold” rating and upped their price target for the company from $121.00 to $128.00 in a research report on Tuesday, September 2nd. Finally, Piper Sandler started coverage on shares of e.l.f. Beauty in a research report on Thursday, September 4th. They issued an “overweight” rating and a $150.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $131.73.

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.