e.l.f. Beauty, Inc. (NYSE:ELF) Insider Sells $4,893,491.20 in Stock

e.l.f. Beauty, Inc. (NYSE:ELF) insider Kory Marchisotto sold 29,408 shares of the stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $166.40, for a total transaction of $4,893,491.20. Following the sale, the insider now directly owns 156,969 shares of the company’s stock, valued at approximately $26,119,641.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

e.l.f. Beauty Stock Down 6.4 %

e.l.f. Beauty stock traded down $10.78 on Friday, hitting $156.73. 2,661,299 shares of the stock traded hands, compared to its average volume of 1,564,087. e.l.f. Beauty, Inc. has a 1 year low of $83.80 and a 1 year high of $221.83. The firm has a market cap of $8.70 billion, a P/E ratio of 69.59, a price-to-earnings-growth ratio of 1.54 and a beta of 1.57. The company has a current ratio of 1.50, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27. The business’s fifty day simple moving average is $186.62 and its 200 day simple moving average is $148.57.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.11. e.l.f. Beauty had a net margin of 14.53% and a return on equity of 28.98%. The company had revenue of $270.94 million during the quarter, compared to analyst estimates of $239.66 million. As a group, sell-side analysts forecast that e.l.f. Beauty, Inc. will post 2.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

ELF has been the subject of several recent analyst reports. TD Cowen raised shares of e.l.f. Beauty from a “hold” rating to a “buy” rating and lowered their price objective for the company from $220.00 to $190.00 in a research note on Wednesday. Robert W. Baird began coverage on e.l.f. Beauty in a research report on Tuesday, January 30th. They set a “neutral” rating and a $185.00 price target for the company. DA Davidson reiterated a “buy” rating and issued a $220.00 price objective on shares of e.l.f. Beauty in a research report on Monday, April 8th. Raymond James boosted their target price on e.l.f. Beauty from $140.00 to $180.00 and gave the company a “strong-buy” rating in a research note on Monday, January 22nd. Finally, Piper Sandler raised their price target on e.l.f. Beauty from $225.00 to $228.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $184.33.

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

Large investors have recently made changes to their positions in the business. Dark Forest Capital Management LP purchased a new position in shares of e.l.f. Beauty in the 1st quarter worth about $27,000. Point72 Middle East FZE purchased a new position in e.l.f. Beauty in the fourth quarter worth about $28,000. Householder Group Estate & Retirement Specialist LLC purchased a new position in e.l.f. Beauty in the third quarter worth about $29,000. Armstrong Advisory Group Inc. lifted its stake in shares of e.l.f. Beauty by 390.2% in the fourth quarter. Armstrong Advisory Group Inc. now owns 201 shares of the company’s stock worth $29,000 after buying an additional 160 shares in the last quarter. Finally, Harbor Investment Advisory LLC purchased a new stake in shares of e.l.f. Beauty during the first quarter valued at approximately $31,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

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.