e.l.f. Beauty, Inc. (NYSE:ELF) Director Sells $102,050.00 in Stock

e.l.f. Beauty, Inc. (NYSE:ELF) Director Maureen C. Watson sold 785 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $130.00, for a total value of $102,050.00. Following the completion of the transaction, the director now owns 1,888 shares in the company, valued at $245,440. This represents a 29.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

e.l.f. Beauty Price Performance

NYSE:ELF traded down $3.32 during trading hours on Tuesday, reaching $127.39. The company had a trading volume of 1,162,405 shares, compared to its average volume of 1,969,840. The firm has a market capitalization of $7.18 billion, a PE ratio of 70.65, a PEG ratio of 2.84 and a beta of 1.49. The stock has a 50-day moving average of $114.03 and a two-hundred day moving average of $151.13. e.l.f. Beauty, Inc. has a one year low of $98.50 and a one year high of $221.83. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.34. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The firm had revenue of $301.10 million for the quarter, compared to analysts’ expectations of $289.43 million. During the same period in the prior year, the firm earned $0.66 earnings per share. The company’s quarterly revenue was up 39.7% compared to the same quarter last year. Analysts forecast that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current year.

Institutional Investors Weigh In On e.l.f. Beauty

A number of hedge funds and other institutional investors have recently bought and sold shares of ELF. Wilmington Savings Fund Society FSB acquired a new position in e.l.f. Beauty during the 3rd quarter worth about $25,000. Ashton Thomas Private Wealth LLC bought a new stake in e.l.f. Beauty during the 2nd quarter worth approximately $26,000. Matrix Trust Co acquired a new stake in e.l.f. Beauty during the 2nd quarter worth approximately $27,000. Innealta Capital LLC bought a new position in e.l.f. Beauty in the second quarter valued at approximately $30,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of e.l.f. Beauty by 405.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock valued at $36,000 after buying an additional 138 shares during the period. 92.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Morgan Stanley cut their price objective on e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating on the stock in a research note on Monday, September 30th. UBS Group lowered their price target on e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Bank of America decreased their target price on e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Truist Financial dropped their price target on e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Finally, DA Davidson reissued a “buy” rating and issued a $170.00 price objective on shares of e.l.f. Beauty in a research report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $173.53.

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.