e.l.f. Beauty (NYSE:ELF) Trading Down 5%

e.l.f. Beauty, Inc. (NYSE:ELF) shares fell 5% during mid-day trading on Monday . The company traded as low as $199.17 and last traded at $200.38. 443,917 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 1,563,852 shares. The stock had previously closed at $210.90.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ELF. Raymond James reaffirmed a “strong-buy” rating and issued a $235.00 target price (up previously from $215.00) on shares of e.l.f. Beauty in a report on Friday, June 14th. Truist Financial raised their target price on e.l.f. Beauty from $200.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. TD Cowen raised their target price on e.l.f. Beauty from $190.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. JPMorgan Chase & Co. lowered their target price on e.l.f. Beauty from $197.00 to $182.00 and set an “overweight” rating on the stock in a report on Thursday, May 23rd. Finally, Stifel Nicolaus reduced their price objective on e.l.f. Beauty from $167.00 to $151.00 and set a “hold” rating for the company in a research report on Monday, May 20th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $203.07.

e.l.f. Beauty Price Performance

The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.95 and a current ratio of 1.60. The firm has a market cap of $10.99 billion, a P/E ratio of 95.00, a P/E/G ratio of 4.59 and a beta of 1.46. The company has a 50-day moving average of $188.79 and a 200 day moving average of $179.15.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, May 22nd. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.21 by $0.16. e.l.f. Beauty had a return on equity of 26.64% and a net margin of 12.47%. The business had revenue of $321.14 million during the quarter, compared to the consensus estimate of $292.47 million. On average, sell-side analysts anticipate that e.l.f. Beauty, Inc. will post 2.85 EPS for the current year.

Insider Buying and Selling at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 74,451 shares of e.l.f. Beauty stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $166.40, for a total value of $12,388,646.40. Following the completion of the transaction, the chief executive officer now owns 316,161 shares in the company, valued at approximately $52,609,190.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Kory Marchisotto sold 29,408 shares of e.l.f. Beauty stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $166.40, for a total value of $4,893,491.20. Following the completion of the sale, the insider now directly owns 156,969 shares of the company’s stock, valued at approximately $26,119,641.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tarang Amin sold 74,451 shares of e.l.f. Beauty stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $166.40, for a total value of $12,388,646.40. Following the completion of the sale, the chief executive officer now directly owns 316,161 shares of the company’s stock, valued at $52,609,190.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 263,994 shares of company stock worth $45,888,930. 5.20% of the stock is currently owned by insiders.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Matrix Trust Co acquired a new stake in shares of e.l.f. Beauty in the 2nd quarter valued at $27,000. Harbor Investment Advisory LLC acquired a new stake in shares of e.l.f. Beauty during the first quarter worth $31,000. Oakworth Capital Inc. acquired a new stake in shares of e.l.f. Beauty during the first quarter worth $33,000. Armstrong Advisory Group Inc. grew its stake in shares of e.l.f. Beauty by 390.2% during the fourth quarter. Armstrong Advisory Group Inc. now owns 201 shares of the company’s stock worth $29,000 after purchasing an additional 160 shares during the period. Finally, Rise Advisors LLC acquired a new stake in shares of e.l.f. Beauty during the first quarter worth $40,000. 92.44% of the stock is owned by institutional investors and hedge funds.

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.