e.l.f. Beauty, Inc. (NYSE:ELF) Director Sells $269,560.00 in Stock

e.l.f. Beauty, Inc. (NYSE:ELF) Director Maureen C. Watson sold 4,000 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $67.39, for a total value of $269,560.00. Following the completion of the transaction, the director now directly owns 1,888 shares in the company, valued at approximately $127,232.32. This represents a 67.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

e.l.f. Beauty Trading Down 6.0 %

e.l.f. Beauty stock traded down $4.46 during mid-day trading on Tuesday, reaching $69.58. 2,826,125 shares of the company traded hands, compared to its average volume of 3,135,020. The firm’s 50 day moving average price is $96.63 and its 200 day moving average price is $113.11. e.l.f. Beauty, Inc. has a 52-week low of $61.90 and a 52-week high of $219.77. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 41.17, a P/E/G ratio of 6.76 and a beta of 1.60.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. On average, analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Nemes Rush Group LLC purchased a new stake in e.l.f. Beauty in the fourth quarter worth $27,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of e.l.f. Beauty in the 3rd quarter worth about $25,000. Orion Capital Management LLC purchased a new stake in shares of e.l.f. Beauty in the 4th quarter worth about $30,000. Promus Capital LLC bought a new position in shares of e.l.f. Beauty in the 4th quarter worth about $31,000. Finally, Kestra Investment Management LLC purchased a new position in e.l.f. Beauty during the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ELF shares. Deutsche Bank Aktiengesellschaft initiated coverage on e.l.f. Beauty in a research report on Thursday, December 12th. They issued a “hold” rating and a $133.00 target price for the company. DA Davidson reiterated a “neutral” rating and issued a $80.00 target price on shares of e.l.f. Beauty in a research report on Tuesday, February 18th. Truist Financial boosted their price target on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Stifel Nicolaus decreased their price objective on e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a report on Monday, February 3rd. Finally, B. Riley reissued a “buy” rating and issued a $90.00 target price (down previously from $150.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $132.94.

About e.l.f. Beauty

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.