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 in the company, valued at $20,284,798.80. This trade represents a 8.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

e.l.f. Beauty Stock Performance

Shares of ELF stock opened at $135.34 on Friday. 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 market capitalization of $8.03 billion, a P/E ratio of 79.61, a price-to-earnings-growth ratio of 3.35 and a beta of 1.59. The company’s 50 day moving average price is $119.77 and its two-hundred day moving average price is $94.85. e.l.f. Beauty has a 52 week low of $49.40 and a 52 week high of $147.33.

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

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

A number of institutional investors have recently added to or reduced their stakes in ELF. Cetera Investment Advisers increased its holdings in e.l.f. Beauty by 2.9% during the fourth quarter. Cetera Investment Advisers now owns 32,478 shares of the company’s stock worth $4,078,000 after buying an additional 918 shares during the last quarter. Deutsche Bank AG increased its holdings in e.l.f. Beauty by 1.3% during the fourth quarter. Deutsche Bank AG now owns 49,527 shares of the company’s stock worth $6,218,000 after buying an additional 639 shares during the last quarter. Ethic Inc. acquired a new position in e.l.f. Beauty during the fourth quarter worth $514,000. Focus Partners Wealth bought a new position in e.l.f. Beauty during the fourth quarter worth $2,350,000. Finally, Nomura Holdings Inc. bought a new position in e.l.f. Beauty during the fourth quarter worth $938,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group lifted their price objective on shares of e.l.f. Beauty from $120.00 to $137.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Piper Sandler assumed coverage on shares of e.l.f. Beauty in a report on Thursday, September 4th. They issued an “overweight” rating and a $150.00 price objective on the stock. Jefferies Financial Group set a $115.00 price objective on shares of e.l.f. Beauty and gave the company a “buy” rating in a report on Thursday, May 29th. Truist Financial lifted their price objective on shares of e.l.f. Beauty from $125.00 to $130.00 and gave the company a “buy” rating in a report on Friday, June 6th. Finally, Raymond James Financial reiterated a “strong-buy” rating and issued a $155.00 price objective (up from $140.00) on shares of e.l.f. Beauty in a report on Monday, September 8th. Two investment 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $131.73.

About e.l.f. Beauty

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.