e.l.f. Beauty (NYSE:ELF) Shares Down 4.8% – Time to Sell?

e.l.f. Beauty, Inc. (NYSE:ELF) was down 4.8% during trading on Monday . The company traded as low as $100.76 and last traded at $100.83. Approximately 790,000 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 1,780,276 shares. The stock had previously closed at $105.89.

Analysts Set New Price Targets

Several brokerages recently commented on ELF. Piper Sandler reduced their target price on e.l.f. Beauty from $260.00 to $162.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Canaccord Genuity Group upped their target price on shares of e.l.f. Beauty from $214.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Bank of America dropped their price target on shares of e.l.f. Beauty from $230.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, September 9th. Stifel Nicolaus lifted their price objective on e.l.f. Beauty from $151.00 to $161.00 and gave the company a “hold” rating in a report on Monday, July 22nd. Finally, Robert W. Baird increased their target price on e.l.f. Beauty from $230.00 to $240.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and an average price target of $201.57.

e.l.f. Beauty Stock Performance

The stock has a 50 day moving average price of $138.51 and a two-hundred day moving average price of $166.97. The company has a market capitalization of $5.82 billion, a price-to-earnings ratio of 46.86, a price-to-earnings-growth ratio of 2.33 and a beta of 1.43. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.77 and a quick ratio of 1.10.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Thursday, August 8th. The company reported $0.87 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $303.60 million. On average, analysts predict that e.l.f. Beauty, Inc. will post 2.88 EPS for the current fiscal year.

Insider Transactions at e.l.f. Beauty

In related news, CEO Tarang Amin sold 23,528 shares of e.l.f. Beauty stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 106,016 shares in the company, valued at $14,465,883.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Joshua Allen Franks sold 3,370 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $201.28, for a total value of $678,313.60. Following the sale, the senior vice president now directly owns 71,986 shares in the company, valued at $14,489,342.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Tarang Amin sold 23,528 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the transaction, the chief executive officer now owns 106,016 shares of the company’s stock, valued at approximately $14,465,883.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,446 shares of company stock worth $3,984,609 over the last 90 days. 5.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of e.l.f. Beauty by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 6,050,649 shares of the company’s stock worth $873,351,000 after acquiring an additional 79,701 shares in the last quarter. Baillie Gifford & Co. acquired a new stake in e.l.f. Beauty in the 2nd quarter valued at $801,693,000. Wellington Management Group LLP lifted its position in e.l.f. Beauty by 5.2% during the 4th quarter. Wellington Management Group LLP now owns 2,540,832 shares of the company’s stock worth $366,744,000 after buying an additional 126,231 shares in the last quarter. William Blair Investment Management LLC boosted its stake in shares of e.l.f. Beauty by 12.5% during the 2nd quarter. William Blair Investment Management LLC now owns 1,512,180 shares of the company’s stock worth $318,647,000 after buying an additional 168,267 shares during the last quarter. Finally, Clearbridge Investments LLC grew its holdings in shares of e.l.f. Beauty by 84.4% in the 2nd quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock valued at $265,432,000 after acquiring an additional 576,383 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors.

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.