Insider Selling: e.l.f. Beauty, Inc. (NYSE:ELF) CEO Sells $122,464.00 in Stock

e.l.f. Beauty, Inc. (NYSE:ELF) CEO Tarang Amin sold 890 shares of e.l.f. Beauty stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $122,464.00. Following the completion of the sale, the chief executive officer now directly owns 99,699 shares in the company, valued at $13,718,582.40. This represents a 0.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

e.l.f. Beauty Price Performance

Shares of NYSE ELF opened at $131.52 on Friday. The firm has a market cap of $7.41 billion, a P/E ratio of 71.09, a price-to-earnings-growth ratio of 3.06 and a beta of 1.49. The business’s 50 day moving average is $117.75 and its 200-day moving average is $149.71. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. e.l.f. Beauty, Inc. has a 1-year low of $98.50 and a 1-year high of $221.83.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating 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 company had revenue of $301.10 million during the quarter, compared to analysts’ expectations of $289.43 million. During the same quarter in the previous year, the business posted $0.66 earnings per share. e.l.f. Beauty’s quarterly revenue was up 39.7% on a year-over-year basis. Equities research analysts predict that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. JPMorgan Chase & Co. cut their target price on e.l.f. Beauty from $167.00 to $154.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. Morgan Stanley reduced their target price on shares of e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating for the company in a report on Monday, September 30th. Jefferies Financial Group lowered their price target on shares of e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. B. Riley reduced their price objective on shares of e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Finally, Stifel Nicolaus decreased their price objective on e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating for the company in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $171.00.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Picton Mahoney Asset Management increased its stake in e.l.f. Beauty by 3.2% during the 2nd quarter. Picton Mahoney Asset Management now owns 2,430 shares of the company’s stock worth $512,000 after acquiring an additional 75 shares during the period. Hanseatic Management Services Inc. raised its stake in e.l.f. Beauty by 1.7% in the second quarter. Hanseatic Management Services Inc. now owns 4,507 shares of the company’s stock valued at $950,000 after purchasing an additional 77 shares in the last quarter. Portside Wealth Group LLC raised its stake in e.l.f. Beauty by 3.2% in the second quarter. Portside Wealth Group LLC now owns 2,982 shares of the company’s stock valued at $628,000 after purchasing an additional 93 shares in the last quarter. Evergreen Capital Management LLC lifted its position in e.l.f. Beauty by 2.1% during the second 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 during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in e.l.f. Beauty during the second quarter worth about $26,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

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.