e.l.f. Beauty (NYSE:ELF) Director Lauren Cooks Levitan Sells 1,034 Shares

e.l.f. Beauty (NYSE:ELF) Director Lauren Cooks Levitan sold 1,034 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $93.15, for a total transaction of $96,317.10. Following the completion of the transaction, the director directly owned 10,516 shares in the company, valued at $979,565.40. This trade represents a 8.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

e.l.f. Beauty Stock Performance

NYSE ELF opened at $98.61 on Friday. The company has a market capitalization of $5.82 billion, a PE ratio of 98.61, a price-to-earnings-growth ratio of 3.13 and a beta of 1.58. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.82 and a current ratio of 2.55. e.l.f. Beauty has a 52-week low of $48.82 and a 52-week high of $150.99. The company has a 50-day simple moving average of $78.68 and a 200 day simple moving average of $71.98.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, August 5th. The company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $1.04. e.l.f. Beauty had a net margin of 3.38% and a return on equity of 14.07%. The firm had revenue of $479.37 million for the quarter, compared to analysts’ expectations of $431.20 million. During the same period in the previous year, the company earned $0.89 earnings per share. The company’s quarterly revenue was up 35.5% on a year-over-year basis. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. On average, research analysts predict that e.l.f. Beauty will post 2.61 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. The Goldman Sachs Group set a $100.00 price objective on e.l.f. Beauty in a report on Thursday, August 6th. UBS Group upped their price target on e.l.f. Beauty from $80.00 to $89.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Jefferies Financial Group increased their price target on e.l.f. Beauty from $72.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. TD Cowen boosted their price objective on e.l.f. Beauty from $85.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Finally, Sanford C. Bernstein increased their target price on shares of e.l.f. Beauty from $113.00 to $121.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $91.31.

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

Several hedge funds have recently made changes to their positions in the stock. Triumph Capital Management bought a new stake in shares of e.l.f. Beauty during the 2nd quarter valued at $74,000. Benjamin Edwards Inc. purchased a new stake in e.l.f. Beauty during the 2nd quarter worth about $606,000. Greenwood Capital Associates LLC boosted its stake in e.l.f. Beauty by 2.4% in the 2nd quarter. Greenwood Capital Associates LLC now owns 5,436 shares of the company’s stock worth $402,000 after purchasing an additional 125 shares during the period. Jefferies Financial Group Inc. boosted its stake in e.l.f. Beauty by 7.6% in the 2nd quarter. Jefferies Financial Group Inc. now owns 4,579 shares of the company’s stock worth $339,000 after purchasing an additional 324 shares during the period. Finally, Freestone Grove Partners LP purchased a new position in e.l.f. Beauty during the 2nd quarter valued at about $5,875,000. 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.