e.l.f. Beauty Target of Unusually High Options Trading (NYSE:ELF)

e.l.f. Beauty, Inc. (NYSE:ELF) saw some unusual options trading activity on Wednesday. Traders acquired 103,332 call options on the stock. This is an increase of 607% compared to the typical volume of 14,614 call options.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,528 shares of e.l.f. Beauty stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $136.45, for a total value of $3,210,395.60. Following the sale, the chief executive officer now owns 106,016 shares of the company’s stock, valued at $14,465,883.20. The trade was a 18.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.50% of the stock is currently owned by corporate insiders.

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

Several institutional investors have recently bought and sold shares of the company. Baillie Gifford & Co. acquired a new position in shares of e.l.f. Beauty in the second quarter valued at about $801,693,000. Champlain Investment Partners LLC acquired a new stake in shares of e.l.f. Beauty during the 3rd quarter valued at about $121,558,000. Swedbank AB purchased a new stake in shares of e.l.f. Beauty in the third quarter valued at approximately $76,321,000. Clearbridge Investments LLC raised its position in e.l.f. Beauty by 84.4% during the second quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock worth $265,432,000 after acquiring an additional 576,383 shares during the period. Finally, Thrivent Financial for Lutherans raised its position in shares of e.l.f. Beauty by 223.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 555,287 shares of the company’s stock worth $60,543,000 after purchasing an additional 383,478 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ELF. Truist Financial decreased their price target on shares of e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. DA Davidson reduced their price objective on e.l.f. Beauty from $223.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Jefferies Financial Group lowered their price objective on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Canaccord Genuity Group cut their target price on e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Finally, Piper Sandler restated an “overweight” rating and issued a $165.00 price target (up from $162.00) on shares of e.l.f. Beauty in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, e.l.f. Beauty currently has an average rating of “Moderate Buy” and an average price target of $173.53.

e.l.f. Beauty Trading Down 2.2 %

ELF stock opened at $119.05 on Thursday. The firm’s 50-day moving average is $111.79 and its 200 day moving average is $153.53. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. e.l.f. Beauty has a 12 month low of $98.50 and a 12 month high of $221.83. The company has a market capitalization of $6.71 billion, a PE ratio of 61.06, a P/E/G ratio of 2.66 and a beta of 1.44.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.34. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The company had revenue of $301.10 million during the quarter, compared to analyst estimates of $289.43 million. During the same quarter in the prior year, the business earned $0.66 earnings per share. e.l.f. Beauty’s revenue was up 39.7% on a year-over-year basis. On average, research analysts anticipate that e.l.f. Beauty will post 2.8 EPS for the current year.

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.