e.l.f. Beauty (NYSE:ELF) Insider Mandy Fields Sells 5,298 Shares

e.l.f. Beauty (NYSE:ELF) insider Mandy Fields sold 5,298 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $150.21, for a total value of $795,812.58. Following the completion of the sale, the insider owned 58,856 shares in the company, valued at $8,840,759.76. The trade was a 8.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

e.l.f. Beauty Trading Up 0.5%

NYSE ELF opened at $146.86 on Friday. The stock has a market capitalization of $8.71 billion, a price-to-earnings ratio of 86.39, a PEG ratio of 3.55 and a beta of 1.59. The stock’s 50 day moving average price is $121.92 and its two-hundred day moving average price is $96.96. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.34 and a current ratio of 3.26. e.l.f. Beauty has a 52 week low of $49.40 and a 52 week high of $150.99.

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

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Orion Capital Management LLC bought a new stake in e.l.f. Beauty in the 4th quarter valued at $30,000. EverSource Wealth Advisors LLC raised its stake 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 valued at $32,000 after acquiring an additional 128 shares during the period. Golden State Wealth Management LLC bought a new stake in e.l.f. Beauty in the 1st quarter valued at $33,000. Northwestern Mutual Wealth Management Co. raised its stake 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 valued at $39,000 after acquiring an additional 117 shares during the period. Finally, Larson Financial Group LLC raised its stake 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 valued at $42,000 after acquiring an additional 244 shares during the period. Institutional investors own 92.44% of the company’s stock.

Analysts Set New Price Targets

ELF has been the topic of several research reports. Morgan Stanley upgraded e.l.f. Beauty from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $114.00 to $134.00 in a research note on Monday, August 11th. Truist Financial boosted 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. Bank of America upped their price objective on e.l.f. Beauty from $135.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday. The Goldman Sachs Group upped their price objective on e.l.f. Beauty from $120.00 to $137.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Finally, UBS Group dropped their price objective on e.l.f. Beauty from $120.00 to $112.00 and set a “neutral” rating on the stock in a research note on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and a consensus target price of $133.40.

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.