e.l.f. Beauty, Inc. (NYSE:ELF) Insider Scott Milsten Sells 55,000 Shares

e.l.f. Beauty, Inc. (NYSE:ELF – Get Rating) insider Scott Milsten sold 55,000 shares of the stock in a transaction on Monday, January 9th. The shares were sold at an average price of $56.98, for a total value of $3,133,900.00. Following the completion of the sale, the insider now owns 127,560 shares of the company’s stock, valued at $7,268,368.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

e.l.f. Beauty Price Performance

ELF stock opened at $49.20 on Thursday. The stock has a market capitalization of $2.60 billion, a PE ratio of 78.10, a price-to-earnings-growth ratio of 2.81 and a beta of 1.54. The company’s 50-day moving average is $53.85 and its 200-day moving average is $42.85. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.44 and a quick ratio of 2.31. e.l.f. Beauty, Inc. has a 1 year low of $20.49 and a 1 year high of $58.76.

e.l.f. Beauty (NYSE:ELF – Get Rating) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.12. e.l.f. Beauty had a net margin of 7.57% and a return on equity of 11.83%. The company had revenue of $122.35 million for the quarter, compared to analysts’ expectations of $106.29 million. Equities research analysts expect that e.l.f. Beauty, Inc. will post 0.77 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on ELF shares. Piper Sandler increased their price objective on e.l.f. Beauty from $55.00 to $64.00 in a report on Tuesday, January 3rd. DA Davidson increased their price target on e.l.f. Beauty from $44.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, November 3rd. Morgan Stanley increased their price target on e.l.f. Beauty from $50.00 to $60.00 and gave the stock an “overweight” rating in a report on Monday, December 19th. Truist Financial increased their price target on e.l.f. Beauty from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, September 15th. Finally, Jefferies Financial Group downgraded e.l.f. Beauty from a “buy” rating to a “hold” rating and set a $55.00 price target for the company. in a report on Monday. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.90.

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

Several large investors have recently added to or reduced their stakes in the business. Summit Global Investments lifted its position in e.l.f. Beauty by 1.2% in the 3rd quarter. Summit Global Investments now owns 21,959 shares of the company’s stock valued at $826,000 after acquiring an additional 259 shares in the last quarter. Verdence Capital Advisors LLC lifted its position in e.l.f. Beauty by 3.1% in the 3rd quarter. Verdence Capital Advisors LLC now owns 9,294 shares of the company’s stock valued at $350,000 after acquiring an additional 278 shares in the last quarter. WD Rutherford LLC lifted its position in e.l.f. Beauty by 1.8% in the 3rd quarter. WD Rutherford LLC now owns 18,260 shares of the company’s stock valued at $687,000 after acquiring an additional 320 shares in the last quarter. Advisor Group Holdings Inc. lifted its position in e.l.f. Beauty by 7.6% in the 1st quarter. Advisor Group Holdings Inc. now owns 6,765 shares of the company’s stock valued at $174,000 after acquiring an additional 476 shares in the last quarter. Finally, Texas Permanent School Fund increased its stake in e.l.f. Beauty by 2.0% in the 2nd quarter. Texas Permanent School Fund now owns 34,658 shares of the company’s stock valued at $1,063,000 after buying an additional 663 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

e.l.f. Beauty Company Profile

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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.