e.l.f. Beauty, Inc. (NYSE:ELF) Director Maureen C. Watson Sells 785 Shares of Stock

e.l.f. Beauty, Inc. (NYSE:ELF) Director Maureen C. Watson sold 785 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $130.00, for a total transaction of $102,050.00. Following the transaction, the director now directly owns 1,888 shares in the company, valued at $245,440. The trade was a 29.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

e.l.f. Beauty Price Performance

ELF stock opened at $127.39 on Wednesday. The stock has a market cap of $7.18 billion, a PE ratio of 68.86, a P/E/G ratio of 2.86 and a beta of 1.49. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. e.l.f. Beauty, Inc. has a one year low of $98.50 and a one year high of $221.83. The firm has a 50 day simple moving average of $114.35 and a two-hundred day simple moving average of $150.91.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.34. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The firm had revenue of $301.10 million during the quarter, compared to analyst estimates of $289.43 million. During the same period in the previous year, the business posted $0.66 EPS. The business’s quarterly revenue was up 39.7% on a year-over-year basis. On average, analysts predict that e.l.f. Beauty, Inc. will post 2.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Canaccord Genuity Group dropped their price target on shares of e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. B. Riley lowered their price objective on shares of e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. UBS Group lowered their price objective on shares of e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. JPMorgan Chase & Co. lowered their price objective on shares of e.l.f. Beauty from $167.00 to $154.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. Finally, Morgan Stanley lowered their price objective on shares of e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating on the stock in a research report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, e.l.f. Beauty has an average rating of “Moderate Buy” and an average price target of $173.53.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management raised its holdings in e.l.f. Beauty by 3.2% in the 2nd quarter. Picton Mahoney Asset Management now owns 2,430 shares of the company’s stock worth $512,000 after purchasing an additional 75 shares in the last quarter. Hanseatic Management Services Inc. raised its holdings in e.l.f. Beauty by 1.7% in the 2nd quarter. Hanseatic Management Services Inc. now owns 4,507 shares of the company’s stock worth $950,000 after purchasing an additional 77 shares in the last quarter. Portside Wealth Group LLC raised its holdings in e.l.f. Beauty by 3.2% in the 2nd quarter. Portside Wealth Group LLC now owns 2,982 shares of the company’s stock worth $628,000 after purchasing an additional 93 shares in the last quarter. GAMMA Investing LLC raised its holdings in e.l.f. Beauty by 27.8% in the 2nd quarter. GAMMA Investing LLC now owns 451 shares of the company’s stock worth $95,000 after purchasing an additional 98 shares in the last quarter. Finally, Evergreen Capital Management LLC raised its holdings in e.l.f. Beauty by 2.1% in the 2nd quarter. Evergreen Capital Management LLC now owns 4,777 shares of the company’s stock worth $1,007,000 after purchasing an additional 99 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors.

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.