e.l.f. Beauty, Inc. (NYSE:ELF) Short Interest Update

e.l.f. Beauty, Inc. (NYSE:ELF) saw a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 7,470,000 shares, a growth of 29.5% from the January 31st total of 5,770,000 shares. Based on an average daily volume of 2,660,000 shares, the short-interest ratio is presently 2.8 days.

Insiders Place Their Bets

In other e.l.f. Beauty news, CEO Tarang Amin sold 890 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $122,464.00. Following the sale, the chief executive officer now owns 99,699 shares of the company’s stock, valued at $13,718,582.40. This trade represents a 0.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Scott Milsten sold 530 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $72,928.00. Following the completion of the sale, the insider now directly owns 68,853 shares in the company, valued at approximately $9,474,172.80. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.50% of the stock is owned by insiders.

Institutional Trading of e.l.f. Beauty

Several institutional investors and hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC increased its stake in e.l.f. Beauty by 26.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,664 shares of the company’s stock valued at $291,000 after buying an additional 564 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in e.l.f. Beauty during the 3rd quarter worth approximately $1,526,000. Van ECK Associates Corp increased its position in e.l.f. Beauty by 41.0% during the third quarter. Van ECK Associates Corp now owns 37,588 shares of the company’s stock worth $3,968,000 after acquiring an additional 10,929 shares during the period. HMS Capital Management LLC boosted its stake in shares of e.l.f. Beauty by 15.6% in the third quarter. HMS Capital Management LLC now owns 3,713 shares of the company’s stock valued at $405,000 after buying an additional 500 shares during the period. Finally, Portside Wealth Group LLC increased its position in shares of e.l.f. Beauty by 10.8% in the third quarter. Portside Wealth Group LLC now owns 3,304 shares of the company’s stock worth $360,000 after purchasing an additional 322 shares during the period. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Performance

ELF stock traded down $0.35 during midday trading on Thursday, hitting $64.32. The stock had a trading volume of 432,306 shares, compared to its average volume of 3,062,019. The firm has a market capitalization of $3.63 billion, a price-to-earnings ratio of 38.20, a P/E/G ratio of 6.76 and a beta of 1.47. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. The stock has a 50-day simple moving average of $100.16 and a 200 day simple moving average of $115.49. e.l.f. Beauty has a 52 week low of $61.90 and a 52 week high of $219.77.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. As a group, equities research analysts anticipate that e.l.f. Beauty will post 2.38 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on ELF. The Goldman Sachs Group decreased their price target on shares of e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Raymond James reduced their price target on shares of e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating for the company in a research report on Friday, February 7th. B. Riley reaffirmed a “buy” rating and issued a $90.00 price objective (down from $150.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Truist Financial upped their target price on e.l.f. Beauty from $130.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, Stifel Nicolaus reduced their price target on shares of e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a report on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $132.94.

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.