Tiffany F. Daniele Sells 1,253 Shares of e.l.f. Beauty, Inc. (NYSE:ELF) Stock

e.l.f. Beauty, Inc. (NYSE:ELF) Director Tiffany F. Daniele sold 1,253 shares of the company’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $139.09, for a total transaction of $174,279.77. Following the completion of the sale, the director now owns 4,813 shares in the company, valued at approximately $669,440.17. The sale was disclosed in a filing with the SEC, which is accessible through this link.

e.l.f. Beauty Trading Down 1.3 %

Shares of NYSE:ELF opened at $136.97 on Friday. The company has a 50 day moving average of $120.36 and a 200-day moving average of $99.16. The firm has a market cap of $7.46 billion, a P/E ratio of 77.38, a P/E/G ratio of 2.95 and a beta of 1.49. e.l.f. Beauty, Inc. has a twelve month low of $36.77 and a twelve month high of $139.85. The company has a current ratio of 3.38, a quick ratio of 2.48 and a debt-to-equity ratio of 0.13.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.51. The company had revenue of $216.34 million during the quarter, compared to analyst estimates of $184.92 million. e.l.f. Beauty had a net margin of 14.87% and a return on equity of 26.43%. As a group, analysts anticipate that e.l.f. Beauty, Inc. will post 1.92 earnings per share for the current fiscal year.

Institutional Trading of e.l.f. Beauty

A number of institutional investors have recently made changes to their positions in the stock. Assenagon Asset Management S.A. lifted its stake in e.l.f. Beauty by 140.0% during the first quarter. Assenagon Asset Management S.A. now owns 1,553,238 shares of the company’s stock valued at $127,909,000 after purchasing an additional 906,008 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in e.l.f. Beauty during the second quarter valued at approximately $102,849,000. Wellington Management Group LLP lifted its stake in e.l.f. Beauty by 3,885.5% during the first quarter. Wellington Management Group LLP now owns 812,015 shares of the company’s stock valued at $20,974,000 after purchasing an additional 791,641 shares during the last quarter. Millennium Management LLC lifted its stake in e.l.f. Beauty by 697.8% during the fourth quarter. Millennium Management LLC now owns 681,739 shares of the company’s stock valued at $37,700,000 after purchasing an additional 596,287 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in e.l.f. Beauty by 8.9% during the third quarter. Vanguard Group Inc. now owns 6,147,304 shares of the company’s stock valued at $231,262,000 after purchasing an additional 504,690 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of e.l.f. Beauty from $129.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, August 2nd. Truist Financial boosted their price objective on shares of e.l.f. Beauty from $110.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. Stifel Nicolaus boosted their price objective on shares of e.l.f. Beauty from $107.00 to $127.00 and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Morgan Stanley boosted their price objective on shares of e.l.f. Beauty from $118.00 to $162.00 and gave the company an “overweight” rating in a research report on Wednesday, August 2nd. Finally, StockNews.com initiated coverage on shares of e.l.f. Beauty in a research report on Thursday, August 17th. They set a “hold” rating for the company. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.00.

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.