Kory Marchisotto Sells 11,860 Shares of e.l.f. Beauty, Inc. (NYSE:ELF) Stock

e.l.f. Beauty, Inc. (NYSE:ELF) insider Kory Marchisotto sold 11,860 shares of the company’s stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $115.56, for a total transaction of $1,370,541.60. Following the transaction, the insider now directly owns 159,799 shares of the company’s stock, valued at $18,466,372.44. This trade represents a 6.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Kory Marchisotto also recently made the following trade(s):

• On Monday, April 21st, Kory Marchisotto sold 51,350 shares of e.l.f. Beauty stock. The stock was sold at an average price of $53.36, for a total transaction of $2,740,036.00.

e.l.f. Beauty Trading Up 1.8%

Shares of e.l.f. Beauty stock opened at $117.83 on Friday. The company’s fifty day simple moving average is $72.37 and its 200-day simple moving average is $91.65. The company has a market cap of $6.65 billion, a price-to-earnings ratio of 69.72, a PEG ratio of 6.76 and a beta of 1.31. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. e.l.f. Beauty, Inc. has a 1 year low of $49.40 and a 1 year high of $219.77.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Wednesday, May 28th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.06. The business had revenue of $332.65 million for the quarter, compared to the consensus estimate of $327.45 million. e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. e.l.f. Beauty’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the company posted $0.53 earnings per share. As a group, sell-side analysts expect that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Baillie Gifford & Co. grew its stake in shares of e.l.f. Beauty by 51.0% in the fourth quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company’s stock worth $1,005,584,000 after acquiring an additional 2,703,742 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of e.l.f. Beauty by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 5,497,208 shares of the company’s stock worth $690,174,000 after acquiring an additional 68,103 shares during the last quarter. Champlain Investment Partners LLC grew its stake in shares of e.l.f. Beauty by 19.7% in the first quarter. Champlain Investment Partners LLC now owns 2,665,026 shares of the company’s stock worth $167,337,000 after acquiring an additional 438,575 shares during the last quarter. William Blair Investment Management LLC grew its stake in shares of e.l.f. Beauty by 40.9% in the fourth quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company’s stock worth $289,437,000 after acquiring an additional 669,321 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its stake in e.l.f. Beauty by 17.5% during the fourth quarter. Clearbridge Investments LLC now owns 1,772,528 shares of the company’s stock worth $222,541,000 after buying an additional 264,296 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analysts Set New Price Targets

ELF has been the subject of several research analyst reports. Morgan Stanley upped their price target on shares of e.l.f. Beauty from $70.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 29th. DA Davidson decreased their price objective on shares of e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. UBS Group boosted their price objective on shares of e.l.f. Beauty from $59.00 to $84.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 21st. JPMorgan Chase & Co. boosted their price objective on shares of e.l.f. Beauty from $70.00 to $123.00 and gave the stock an “overweight” rating in a research note on Friday, May 30th. Finally, Raymond James boosted their price objective on shares of e.l.f. Beauty from $95.00 to $105.00 and gave the stock a “strong-buy” rating in a research note on Thursday, May 29th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $120.71.

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.