e.l.f. Beauty (NYSE:ELF) Stock Price Down 0.1%

Shares of e.l.f. Beauty, Inc. (NYSE:ELF) were down 0.1% on Wednesday . The company traded as low as $110.69 and last traded at $111.33. Approximately 444,125 shares changed hands during trading, a decline of 75% from the average daily volume of 1,754,310 shares. The stock had previously closed at $111.42.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ELF shares. Robert W. Baird increased their price objective on shares of e.l.f. Beauty from $230.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Piper Sandler decreased their price target on shares of e.l.f. Beauty from $260.00 to $162.00 and set an “overweight” rating for the company in a report on Monday, September 16th. B. Riley assumed coverage on shares of e.l.f. Beauty in a report on Tuesday, September 10th. They set a “buy” rating and a $175.00 price objective on the stock. Stifel Nicolaus upped their target price on e.l.f. Beauty from $151.00 to $161.00 and gave the company a “hold” rating in a research report on Monday, July 22nd. Finally, Canaccord Genuity Group raised their target price on 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, e.l.f. Beauty has an average rating of “Moderate Buy” and a consensus price target of $198.80.

e.l.f. Beauty Trading Up 1.3 %

The company has a current ratio of 1.77, a quick ratio of 1.10 and a debt-to-equity ratio of 0.23. The firm has a market cap of $6.31 billion, a PE ratio of 50.77, a price-to-earnings-growth ratio of 2.33 and a beta of 1.44. The company has a 50-day simple moving average of $148.09 and a 200 day simple moving average of $171.97.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.20. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. The company had revenue of $324.48 million during the quarter, compared to analysts’ expectations of $303.60 million. As a group, sell-side analysts forecast that e.l.f. Beauty, Inc. will post 2.88 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Tarang Amin sold 15,386 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $200.85, for a total value of $3,090,278.10. Following the completion of the sale, the chief executive officer now directly owns 171,329 shares in the company, valued at $34,411,429.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Joshua Allen Franks sold 3,370 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $201.28, for a total value of $678,313.60. Following the transaction, the senior vice president now directly owns 71,986 shares of the company’s stock, valued at approximately $14,489,342.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Tarang Amin sold 15,386 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $200.85, for a total value of $3,090,278.10. Following the sale, the chief executive officer now owns 171,329 shares of the company’s stock, valued at $34,411,429.65. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,832 shares of company stock worth $7,074,887. 5.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On e.l.f. Beauty

Several hedge funds and other institutional investors have recently made changes to their positions in ELF. Ashton Thomas Private Wealth LLC acquired a new position in e.l.f. Beauty in the 2nd quarter valued at $26,000. Matrix Trust Co acquired a new stake in shares of e.l.f. Beauty in the second quarter valued at about $27,000. Innealta Capital LLC purchased a new position in shares of e.l.f. Beauty in the second quarter worth about $30,000. Harbor Investment Advisory LLC acquired a new position in e.l.f. Beauty during the first quarter worth about $31,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in e.l.f. Beauty by 405.9% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock valued at $36,000 after acquiring an additional 138 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Company Profile

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.