e.l.f. Beauty, Inc. (NYSE:ELF) Insider Kory Marchisotto Sells 29,408 Shares

e.l.f. Beauty, Inc. (NYSE:ELF) insider Kory Marchisotto sold 29,408 shares of the firm’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $166.40, for a total value of $4,893,491.20. Following the completion of the transaction, the insider now owns 156,969 shares in the company, valued at approximately $26,119,641.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

e.l.f. Beauty Price Performance

e.l.f. Beauty stock opened at $156.73 on Friday. The stock’s 50 day moving average is $186.27 and its 200 day moving average is $148.90. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.50 and a quick ratio of 0.83. The firm has a market cap of $8.70 billion, a P/E ratio of 69.35, a P/E/G ratio of 1.56 and a beta of 1.57. e.l.f. Beauty, Inc. has a one year low of $83.80 and a one year high of $221.83.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.11. The company had revenue of $270.94 million for the quarter, compared to analyst estimates of $239.66 million. e.l.f. Beauty had a return on equity of 28.98% and a net margin of 14.53%. As a group, research analysts expect that e.l.f. Beauty, Inc. will post 2.5 EPS for the current year.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Guidance Capital Inc. lifted its stake in shares of e.l.f. Beauty by 1.6% in the fourth quarter. Guidance Capital Inc. now owns 3,510 shares of the company’s stock worth $490,000 after acquiring an additional 56 shares during the period. First Trust Direct Indexing L.P. lifted its stake in shares of e.l.f. Beauty by 3.2% in the fourth quarter. First Trust Direct Indexing L.P. now owns 2,106 shares of the company’s stock worth $304,000 after acquiring an additional 65 shares during the period. State of Alaska Department of Revenue lifted its stake in e.l.f. Beauty by 0.3% in the fourth quarter. State of Alaska Department of Revenue now owns 33,993 shares of the company’s stock valued at $4,906,000 after buying an additional 85 shares during the period. GAMMA Investing LLC lifted its stake in e.l.f. Beauty by 33.2% in the first quarter. GAMMA Investing LLC now owns 353 shares of the company’s stock valued at $69,000 after buying an additional 88 shares during the period. Finally, American International Group Inc. lifted its stake in e.l.f. Beauty by 0.3% in the fourth quarter. American International Group Inc. now owns 29,435 shares of the company’s stock valued at $4,249,000 after buying an additional 90 shares during the period. 92.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Robert W. Baird started coverage on e.l.f. Beauty in a research report on Tuesday, January 30th. They issued a “neutral” rating and a $185.00 price target on the stock. Bank of America lifted their target price on e.l.f. Beauty from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Stifel Nicolaus lifted their target price on e.l.f. Beauty from $141.00 to $167.00 and gave the company a “hold” rating in a research report on Wednesday, February 7th. Raymond James lifted their target price on e.l.f. Beauty from $140.00 to $180.00 and gave the company a “strong-buy” rating in a research report on Monday, January 22nd. Finally, DA Davidson reiterated a “buy” rating and issued a $220.00 target price on shares of e.l.f. Beauty in a research report on Monday, April 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $184.33.

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.