Kory Marchisotto Sells 57,550 Shares of e.l.f. Beauty, Inc. (NYSE:ELF) Stock

e.l.f. Beauty, Inc. (NYSE:ELFGet Rating) insider Kory Marchisotto sold 57,550 shares of the company’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $39.97, for a total value of $2,300,273.50. Following the completion of the transaction, the insider now owns 159,400 shares of the company’s stock, valued at $6,371,218. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

e.l.f. Beauty Price Performance

e.l.f. Beauty stock opened at $39.37 on Friday. The business’s 50-day simple moving average is $36.06 and its 200 day simple moving average is $29.20. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 74.28 and a beta of 1.59. e.l.f. Beauty, Inc. has a 12-month low of $20.49 and a 12-month high of $40.89. The company has a quick ratio of 2.37, a current ratio of 3.51 and a debt-to-equity ratio of 0.27.

e.l.f. Beauty (NYSE:ELFGet Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.14. The business had revenue of $122.60 million for the quarter, compared to analysts’ expectations of $109.42 million. e.l.f. Beauty had a return on equity of 10.95% and a net margin of 6.69%. As a group, research analysts anticipate that e.l.f. Beauty, Inc. will post 0.63 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on ELF shares. William Blair reiterated an “outperform” rating on shares of e.l.f. Beauty in a research report on Thursday, May 26th. Bank of America started coverage on e.l.f. Beauty in a research report on Wednesday. They issued a “buy” rating and a $45.00 price target on the stock. Morgan Stanley upped their price target on e.l.f. Beauty from $39.00 to $42.00 and gave the company an “overweight” rating in a research report on Thursday, August 4th. JPMorgan Chase & Co. upped their price target on e.l.f. Beauty from $30.00 to $35.00 in a research report on Thursday, July 21st. Finally, Cowen cut e.l.f. Beauty from an “outperform” rating to a “market perform” rating and set a $36.00 target price on the stock. in a report on Friday, August 12th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, e.l.f. Beauty has a consensus rating of “Moderate Buy” and an average target price of $39.22.

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

Hedge funds have recently added to or reduced their stakes in the stock. Covestor Ltd lifted its stake in e.l.f. Beauty by 8,340.0% in the first quarter. Covestor Ltd now owns 1,266 shares of the company’s stock valued at $33,000 after buying an additional 1,251 shares during the period. KBC Group NV acquired a new position in e.l.f. Beauty in the second quarter valued at about $120,000. Psagot Value Holdings Ltd. Israel acquired a new position in e.l.f. Beauty in the fourth quarter valued at about $130,000. Brown Advisory Inc. acquired a new position in e.l.f. Beauty in the second quarter valued at about $203,000. Finally, Advisor Group Holdings Inc. lifted its stake in e.l.f. Beauty by 7.6% in the first quarter. Advisor Group Holdings Inc. now owns 6,765 shares of the company’s stock valued at $174,000 after buying an additional 476 shares during the period. Institutional investors and hedge funds own 94.61% of the company’s stock.

About e.l.f. Beauty

(Get Rating)

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.

Further Reading

Insider Buying and Selling by Quarter for e.l.f. Beauty (NYSE:ELF)

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