e.l.f. Beauty (NYSE:ELF) Insider Sells $1,679,113.80 in Stock

e.l.f. Beauty (NYSE:ELF) insider Mandy Fields sold 16,065 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $104.52, for a total transaction of $1,679,113.80. Following the sale, the insider owned 90,896 shares of the company’s stock, valued at approximately $9,500,449.92. The trade was a 15.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

e.l.f. Beauty Trading Up 1.1%

NYSE:ELF opened at $96.85 on Friday. e.l.f. Beauty has a 12 month low of $48.82 and a 12 month high of $150.99. The company has a current ratio of 2.55, a quick ratio of 1.82 and a debt-to-equity ratio of 0.69. The firm’s 50 day moving average is $90.57 and its 200 day moving average is $74.55. The stock has a market capitalization of $5.72 billion, a PE ratio of 96.85, a price-to-earnings-growth ratio of 3.01 and a beta of 1.60.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, August 5th. The company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $1.04. e.l.f. Beauty had a return on equity of 14.07% and a net margin of 3.38%.The business had revenue of $479.37 million during the quarter, compared to the consensus estimate of $431.20 million. During the same period last year, the business posted $0.89 earnings per share. The business’s revenue for the quarter 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. Sell-side analysts expect that e.l.f. Beauty will post 2.64 earnings per share for the current year.

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

A number of large investors have recently modified their holdings of the stock. Legal & General Group Plc bought a new stake in shares of e.l.f. Beauty during the 2nd quarter valued at $5,684,000. BNP Paribas Financial Markets increased its stake in shares of e.l.f. Beauty by 3,131.7% in the 4th quarter. BNP Paribas Financial Markets now owns 924,902 shares of the company’s stock worth $70,330,000 after acquiring an additional 896,282 shares in the last quarter. Norges Bank bought a new position in shares of e.l.f. Beauty in the 4th quarter worth about $38,895,000. Delta Global Management LP purchased a new position in e.l.f. Beauty during the 1st quarter valued at about $1,227,000. Finally, Aurora Investment Counsel purchased a new position in e.l.f. Beauty during the 2nd quarter valued at about $2,868,000. Institutional investors own 92.44% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on ELF shares. Weiss Ratings upgraded shares of e.l.f. Beauty from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 30th. B. Riley Financial boosted their target price on e.l.f. Beauty from $70.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. lowered their price target on shares of e.l.f. Beauty from $111.00 to $106.00 and set an “overweight” rating for the company in a research note on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $64.00 price objective on shares of e.l.f. Beauty in a research note on Tuesday, June 16th. Finally, Raymond James Financial increased their target price on shares of e.l.f. Beauty from $85.00 to $87.00 and gave the stock a “strong-buy” rating in a report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and an average price target of $92.12.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc develops, markets and sells cosmetics, skin care and beauty products. Its portfolio includes e.l.f. Cosmetics, which offers makeup, skin care, tools and accessories, as well as brands such as Naturium, W3LL PEOPLE and Keys Soulcare. The company positions its products as accessible and affordable alternatives across a range of beauty categories.

Founded in 2004, e.l.f. Beauty distributes its products through mass retailers, specialty beauty stores, direct-to-consumer websites and other digital channels.