Scott Milsten Sells 4,162 Shares of e.l.f. Beauty (NYSE:ELF) Stock

e.l.f. Beauty (NYSE:ELF) insider Scott Milsten sold 4,162 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $51.53, for a total transaction of $214,467.86. Following the completion of the sale, the insider directly owned 144,581 shares in the company, valued at approximately $7,450,258.93. This trade represents a 2.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, April 27th, Scott Milsten sold 23,797 shares of e.l.f. Beauty stock. The shares were sold at an average price of $63.66, for a total transaction of $1,514,917.02.

e.l.f. Beauty Stock Up 1.2%

Shares of NYSE:ELF opened at $61.40 on Friday. The firm’s 50 day moving average price is $59.44 and its 200 day moving average price is $72.85. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of 133.47, a price-to-earnings-growth ratio of 2.49 and a beta of 1.63. e.l.f. Beauty has a fifty-two week low of $48.82 and a fifty-two week high of $150.99. The company has a quick ratio of 1.69, a current ratio of 2.35 and a debt-to-equity ratio of 0.72.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, May 20th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.03. The firm had revenue of $449.29 million for the quarter, compared to analysts’ expectations of $423.06 million. e.l.f. Beauty had a net margin of 1.61% and a return on equity of 11.02%. The firm’s revenue was up 35.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.78 earnings per share. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. As a group, equities research analysts predict that e.l.f. Beauty will post 2.41 earnings per share for the current fiscal year.

Key e.l.f. Beauty News

Here are the key news stories impacting e.l.f. Beauty this week:

• Positive Sentiment: Options activity was unusually bullish, with call buying running about 50% above average, suggesting some traders are positioning for an upside move in e.l.f. Beauty. Source article
• Positive Sentiment: A bullish thesis highlighted by outside commentators argues that ELF may be attractive at recent prices, pointing to a potential rebound after the stock’s pullback. Article link
• Neutral Sentiment: Analyst coverage remains mixed but constructive overall, with a consensus rating of Moderate Buy and a consensus target price above the current share level, though several firms have recently cut targets. Article link
• Neutral Sentiment: Multiple executives and insiders sold shares at about $51.53, including CEO Tarang Amin and several senior leaders. The transactions were disclosed in SEC filings and may reflect routine selling, but they still add caution around near-term sentiment. SEC filing
• Negative Sentiment: The broad cluster of insider sales could weigh on e.l.f. Beauty stock, as investors may view repeated trimming by top executives as a sign of limited near-term upside or caution about the business outlook. SEC filing

Wall Street Analysts Forecast Growth

Several brokerages have commented on ELF. JPMorgan Chase & Co. dropped their price target on shares of e.l.f. Beauty from $85.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, May 21st. Jefferies Financial Group dropped their price target on shares of e.l.f. Beauty from $85.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Citigroup dropped their price target on shares of e.l.f. Beauty from $115.00 to $87.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. Raymond James Financial reiterated a “strong-buy” rating and issued a $85.00 price target on shares of e.l.f. Beauty in a research note on Thursday, May 21st. Finally, Bank of America dropped their price target on shares of e.l.f. Beauty from $93.00 to $85.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $78.38.

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

Several hedge funds have recently added to or reduced their stakes in ELF. BNP Paribas Financial Markets increased its stake in e.l.f. Beauty by 3,131.7% in the fourth quarter. BNP Paribas Financial Markets now owns 924,902 shares of the company’s stock valued at $70,330,000 after purchasing an additional 896,282 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of e.l.f. Beauty by 47.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,197,319 shares of the company’s stock worth $167,086,000 after acquiring an additional 711,540 shares during the last quarter. Swedbank AB grew its position in shares of e.l.f. Beauty by 97.0% during the fourth quarter. Swedbank AB now owns 1,364,801 shares of the company’s stock worth $103,779,000 after acquiring an additional 672,071 shares during the last quarter. Armistice Capital LLC grew its position in shares of e.l.f. Beauty by 394.9% during the fourth quarter. Armistice Capital LLC now owns 657,983 shares of the company’s stock worth $50,033,000 after acquiring an additional 525,018 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of e.l.f. Beauty during the fourth quarter worth approximately $38,895,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

e.l.f. Beauty Company Profile

e.l.f. Beauty (NYSE: ELF) is an American cosmetics company known for offering an extensive range of affordable, trend-driven makeup and skincare products. The company’s portfolio spans foundations, lipsticks, mascaras, brushes, serums, masks and other beauty essentials, all positioned at accessible price points. e.l.f. Beauty maintains a direct-to-consumer platform through its e-commerce site and engages in widespread retail partnerships with major chains such as Target, Walmart, Ulta Beauty and Amazon.

Founded in 2004 and headquartered in Oakland, California, e.l.f.