e.l.f. Beauty (NYSE:ELF) Shares Down 1% on Insider Selling

e.l.f. Beauty, Inc. (NYSE:ELF) was down 1% during mid-day trading on Monday after an insider sold shares in the company. The company traded as low as $108.77 and last traded at $111.80. Approximately 669,843 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 1,749,723 shares. The stock had previously closed at $112.91.

Specifically, CEO Tarang Amin sold 23,528 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the completion of the sale, the chief executive officer now directly owns 106,016 shares of the company’s stock, valued at $14,465,883.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ELF shares. Bank of America decreased their target price on shares of e.l.f. Beauty from $230.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, September 9th. UBS Group decreased their target price on shares of e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Robert W. Baird boosted their target price on shares of e.l.f. Beauty from $230.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Truist Financial boosted their price target on shares of e.l.f. Beauty from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Finally, Canaccord Genuity Group boosted their price target on shares of e.l.f. Beauty from $214.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $198.80.

e.l.f. Beauty Trading Down 0.4 %

The company has a debt-to-equity ratio of 0.23, a current ratio of 1.77 and a quick ratio of 1.10. The stock has a market capitalization of $6.23 billion, a PE ratio of 50.18, a PEG ratio of 2.37 and a beta of 1.44. The stock’s 50 day simple moving average is $150.51 and its two-hundred day simple moving average is $172.84.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Thursday, August 8th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.20. The firm had revenue of $324.48 million for the quarter, compared to analysts’ expectations of $303.60 million. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. On average, sell-side analysts expect that e.l.f. Beauty, Inc. will post 2.88 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Precision Wealth Strategies LLC bought a new stake in e.l.f. Beauty during the 4th quarter worth approximately $254,000. Wells Fargo & Company MN increased its holdings in shares of e.l.f. Beauty by 56.9% in the 4th quarter. Wells Fargo & Company MN now owns 71,070 shares of the company’s stock worth $10,258,000 after buying an additional 25,774 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of e.l.f. Beauty by 17.9% in the 4th quarter. Franklin Resources Inc. now owns 23,780 shares of the company’s stock valued at $3,432,000 after purchasing an additional 3,604 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of e.l.f. Beauty by 4.4% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 17,198 shares of the company’s stock valued at $2,482,000 after purchasing an additional 731 shares in the last quarter. Finally, US Bancorp DE boosted its stake in shares of e.l.f. Beauty by 377.9% in the 4th quarter. US Bancorp DE now owns 5,596 shares of the company’s stock valued at $808,000 after purchasing an additional 4,425 shares in the last quarter. 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, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.