Mandy J. Fields Sells 1,250 Shares of e.l.f. Beauty, Inc. (NYSE:ELF) Stock

e.l.f. Beauty, Inc. (NYSE:ELF) insider Mandy J. Fields sold 1,250 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $174.90, for a total value of $218,625.00. Following the completion of the sale, the insider now owns 77,146 shares in the company, valued at approximately $13,492,835.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

e.l.f. Beauty Stock Up 2.0 %

Shares of ELF opened at $179.56 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 1.50. e.l.f. Beauty, Inc. has a one year low of $83.80 and a one year high of $221.83. The stock has a market capitalization of $9.97 billion, a price-to-earnings ratio of 79.45, a PEG ratio of 1.66 and a beta of 1.57. The stock has a 50 day moving average price of $186.57 and a 200 day moving average price of $151.51.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.47 by $0.11. e.l.f. Beauty had a return on equity of 28.98% and a net margin of 14.53%. The business had revenue of $270.94 million for the quarter, compared to analyst estimates of $239.66 million. Equities research analysts forecast that e.l.f. Beauty, Inc. will post 2.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ELF shares. Piper Sandler boosted their target price on e.l.f. Beauty from $225.00 to $228.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. Stifel Nicolaus upped their price target on shares of e.l.f. Beauty from $141.00 to $167.00 and gave the stock a “hold” rating in a research note on Wednesday, February 7th. JPMorgan Chase & Co. upped their price target on shares of e.l.f. Beauty from $130.00 to $175.00 and gave the company an “overweight” rating in a research report on Thursday, January 18th. DA Davidson reissued a “buy” rating and issued a $220.00 target price on shares of e.l.f. Beauty in a report on Monday, April 8th. Finally, Robert W. Baird assumed coverage on shares of e.l.f. Beauty in a report on Tuesday, January 30th. They issued a “neutral” rating and a $185.00 target price for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $184.33.

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

Several large investors have recently bought and sold shares of ELF. Wellington Management Group LLP increased its holdings in shares of e.l.f. Beauty by 235.8% in the 3rd quarter. Wellington Management Group LLP now owns 2,414,601 shares of the company’s stock valued at $265,196,000 after acquiring an additional 1,695,585 shares during the last quarter. FMR LLC increased its stake in e.l.f. Beauty by 641.2% in the 3rd quarter. FMR LLC now owns 832,404 shares of the company’s stock valued at $91,423,000 after purchasing an additional 720,098 shares in the last quarter. Norges Bank purchased a new position in e.l.f. Beauty in the 4th quarter valued at approximately $95,611,000. William Blair Investment Management LLC increased its position in e.l.f. Beauty by 58.2% during the third quarter. William Blair Investment Management LLC now owns 1,424,268 shares of the company’s stock worth $156,427,000 after buying an additional 523,903 shares in the last quarter. Finally, Lord Abbett & CO. LLC increased its position in e.l.f. Beauty by 152.6% during the third quarter. Lord Abbett & CO. LLC now owns 421,219 shares of the company’s stock worth $46,262,000 after buying an additional 254,469 shares in the last quarter. 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.