e.l.f. Beauty (NYSE:ELF) Stock Price Down 4.3%

e.l.f. Beauty, Inc. (NYSE:ELF)’s share price dropped 4.3% during trading on Monday . The company traded as low as $174.30 and last traded at $174.97. Approximately 340,816 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 1,577,602 shares. The stock had previously closed at $182.82.

Analyst Ratings Changes

ELF has been the subject of a number of recent 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 research note on Tuesday, June 18th. 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 research note on Tuesday, June 18th. Baird R W raised shares of e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 18th. Bank of America raised their price objective on shares of e.l.f. Beauty from $220.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Finally, Raymond James reaffirmed a “strong-buy” rating and issued a $235.00 price objective on shares of e.l.f. Beauty in a research note on Monday, July 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $210.00.

e.l.f. Beauty Stock Down 5.6 %

The firm has a market cap of $9.73 billion, a P/E ratio of 78.36, a P/E/G ratio of 4.01 and a beta of 1.46. The business’s fifty day moving average price is $191.60 and its two-hundred day moving average price is $181.51. The company has a current ratio of 1.60, a quick ratio of 0.95 and a debt-to-equity ratio of 0.25.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, May 22nd. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.16. The business had revenue of $321.14 million for the quarter, compared to the consensus estimate of $292.47 million. e.l.f. Beauty had a net margin of 12.47% and a return on equity of 26.64%. As a group, equities research analysts anticipate that e.l.f. Beauty, Inc. will post 2.83 EPS for the current year.

Insider Activity

In other news, SVP Joshua Allen Franks sold 3,370 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Tarang Amin sold 42,953 shares of the firm’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $184.96, for a total value of $7,944,586.88. Following the transaction, the chief executive officer now directly owns 258,667 shares in the company, valued at approximately $47,843,048.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Joshua Allen Franks sold 3,370 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $201.28, for a total transaction of $678,313.60. Following the completion of the transaction, the senior vice president now owns 71,986 shares in the company, valued at $14,489,342.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 120,361 shares of company stock worth $22,019,033. 5.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP grew its position in e.l.f. Beauty by 5.2% in the 4th quarter. Wellington Management Group LLP now owns 2,540,832 shares of the company’s stock worth $366,744,000 after purchasing an additional 126,231 shares during the last quarter. State of Alaska Department of Revenue grew its position in e.l.f. Beauty by 0.3% in the 4th quarter. State of Alaska Department of Revenue now owns 33,993 shares of the company’s stock worth $4,906,000 after purchasing an additional 85 shares during the last quarter. Swiss National Bank grew its position in e.l.f. Beauty by 0.5% in the 1st quarter. Swiss National Bank now owns 108,900 shares of the company’s stock worth $21,348,000 after purchasing an additional 500 shares during the last quarter. Roman Butler Fullerton & Co. acquired a new stake in e.l.f. Beauty in the 4th quarter worth $1,294,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in e.l.f. Beauty by 30.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 35,662 shares of the company’s stock worth $5,155,000 after purchasing an additional 8,408 shares during the last quarter. 92.44% of the stock is currently 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.