e.l.f. Beauty, Inc. (NYSE:ELF) Director Sells $2,005,471.36 in Stock

e.l.f. Beauty, Inc. (NYSE:ELF) Director Richard G. Wolford sold 11,072 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $181.13, for a total value of $2,005,471.36. Following the sale, the director now directly owns 12,741 shares in the company, valued at approximately $2,307,777.33. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

e.l.f. Beauty Stock Up 2.8 %

Shares of ELF opened at $182.59 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 1.60 and a debt-to-equity ratio of 0.25. The business has a fifty day moving average of $170.89 and a 200 day moving average of $167.10. The company has a market cap of $10.21 billion, a PE ratio of 82.25, a P/E/G ratio of 4.52 and a beta of 1.54. e.l.f. Beauty, Inc. has a 52-week low of $88.47 and a 52-week high of $221.83.

Analysts Set New Price Targets

ELF has been the topic of several recent analyst reports. Canaccord Genuity Group reiterated a “buy” rating and set a $214.00 price objective on shares of e.l.f. Beauty in a research report on Tuesday, May 21st. Truist Financial boosted their price target on shares of e.l.f. Beauty from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. DA Davidson restated a “buy” rating and set a $220.00 price objective on shares of e.l.f. Beauty in a research report on Monday, June 3rd. JPMorgan Chase & Co. decreased their target price on e.l.f. Beauty from $197.00 to $182.00 and set an “overweight” rating on the stock in a research report on Thursday, May 23rd. Finally, Stifel Nicolaus cut their price target on e.l.f. Beauty from $167.00 to $151.00 and set a “hold” rating for the company in a report on Monday, May 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, e.l.f. Beauty has a consensus rating of “Moderate Buy” and an average target price of $188.00.

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. Cetera Advisors LLC bought a new position in e.l.f. Beauty during the 1st quarter valued at about $640,000. Cetera Investment Advisers grew its stake in shares of e.l.f. Beauty by 492.9% during the first quarter. Cetera Investment Advisers now owns 29,380 shares of the company’s stock valued at $5,759,000 after buying an additional 24,425 shares during the last quarter. Hancock Whitney Corp purchased a new stake in shares of e.l.f. Beauty in the first quarter worth approximately $1,097,000. Motley Fool Asset Management LLC bought a new stake in shares of e.l.f. Beauty during the 1st quarter worth approximately $213,000. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in e.l.f. Beauty by 57.9% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 9,830 shares of the company’s stock valued at $1,927,000 after acquiring an additional 3,605 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

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.