e.l.f. Beauty (NYSE:ELF) Stock Price Down 2.4%

e.l.f. Beauty, Inc. (NYSE:ELF)’s share price fell 2.4% on Tuesday . The stock traded as low as $151.07 and last traded at $152.36. 343,242 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 1,661,480 shares. The stock had previously closed at $156.09.

Analysts Set New Price Targets

ELF has been the topic of a number of research analyst reports. Canaccord Genuity Group raised their price objective 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. JPMorgan Chase & Co. cut their price target on e.l.f. Beauty from $224.00 to $207.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Robert W. Baird lifted their target price on e.l.f. Beauty from $230.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. UBS Group decreased their price target on shares of e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Finally, DA Davidson increased their target price on shares of e.l.f. Beauty from $220.00 to $223.00 and gave the stock a “buy” rating in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $216.43.

e.l.f. Beauty Trading Up 1.3 %

The business has a 50 day moving average of $181.32 and a two-hundred day moving average of $181.81. The firm has a market cap of $8.57 billion, a P/E ratio of 69.02, a PEG ratio of 3.66 and a beta of 1.46. The company has a current ratio of 1.60, a quick ratio of 0.95 and a debt-to-equity ratio of 0.25.

Insider Activity

In related news, CEO Tarang Amin sold 42,953 shares of e.l.f. Beauty stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $184.96, for a total transaction of $7,944,586.88. Following the completion of the sale, the chief executive officer now owns 258,667 shares of the company’s stock, valued at approximately $47,843,048.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 3,370 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $201.28, for a total transaction of $678,313.60. Following the transaction, the senior vice president now owns 71,986 shares in the company, valued at approximately $14,489,342.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tarang Amin sold 42,953 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $184.96, for a total transaction of $7,944,586.88. Following the completion of the sale, the chief executive officer now directly owns 258,667 shares of the company’s stock, valued at approximately $47,843,048.32. The disclosure for this sale can be found here. Insiders have sold 97,390 shares of company stock valued at $18,264,873 over the last ninety days. 5.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ELF. Guidance Capital Inc. grew its position in e.l.f. Beauty by 1.6% during the fourth quarter. Guidance Capital Inc. now owns 3,510 shares of the company’s stock worth $490,000 after buying an additional 56 shares in the last quarter. First Trust Direct Indexing L.P. increased its position in shares of e.l.f. Beauty by 3.2% in the fourth quarter. First Trust Direct Indexing L.P. now owns 2,106 shares of the company’s stock worth $304,000 after purchasing an additional 65 shares during the period. Picton Mahoney Asset Management raised its stake in e.l.f. Beauty by 3.2% in the second quarter. Picton Mahoney Asset Management now owns 2,430 shares of the company’s stock valued at $512,000 after purchasing an additional 75 shares in the last quarter. Hanseatic Management Services Inc. lifted its position in e.l.f. Beauty by 1.7% during the second quarter. Hanseatic Management Services Inc. now owns 4,507 shares of the company’s stock worth $950,000 after purchasing an additional 77 shares during the period. Finally, GAMMA Investing LLC increased its holdings in e.l.f. Beauty by 33.2% in the 1st quarter. GAMMA Investing LLC now owns 353 shares of the company’s stock valued at $69,000 after buying an additional 88 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

About e.l.f. Beauty

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.