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 business’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $166.40, for a total transaction of $4,893,491.20. Following the completion of the sale, the insider now directly owns 156,969 shares in the company, valued at approximately $26,119,641.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

e.l.f. Beauty Stock Performance

e.l.f. Beauty stock opened at $156.73 on Friday. The company has a current ratio of 1.50, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27. e.l.f. Beauty, Inc. has a 1 year low of $83.80 and a 1 year high of $221.83. The company has a market cap of $8.70 billion, a PE ratio of 69.35, a PEG ratio of 1.56 and a beta of 1.57. The company’s 50-day moving average is $186.27 and its two-hundred day moving average is $148.90.

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ELF. Stifel Nicolaus boosted their price target on shares of e.l.f. Beauty from $141.00 to $167.00 and gave the company a “hold” rating in a report on Wednesday, February 7th. TD Cowen upgraded shares of e.l.f. Beauty from a “hold” rating to a “buy” rating and reduced their target price for the company from $220.00 to $190.00 in a research note on Wednesday. Truist Financial boosted their target price on shares of e.l.f. Beauty from $150.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. StockNews.com downgraded shares of e.l.f. Beauty from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. Finally, Morgan Stanley boosted their target price on shares of e.l.f. Beauty from $168.00 to $184.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $184.33.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in e.l.f. Beauty by 0.9% during the 1st quarter. BlackRock Inc. now owns 7,287,057 shares of the company’s stock valued at $188,224,000 after purchasing an additional 67,611 shares during the period. Vanguard Group Inc. increased its stake in shares of e.l.f. Beauty by 8.9% in the 3rd quarter. Vanguard Group Inc. now owns 6,147,304 shares of the company’s stock valued at $231,262,000 after acquiring an additional 504,690 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of e.l.f. Beauty by 5.2% in the 4th quarter. Wellington Management Group LLP now owns 2,540,832 shares of the company’s stock valued at $366,744,000 after acquiring an additional 126,231 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of e.l.f. Beauty by 1.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,870,307 shares of the company’s stock valued at $269,961,000 after acquiring an additional 33,243 shares during the last quarter. Finally, State Street Corp increased its stake in shares of e.l.f. Beauty by 2.8% in the 2nd quarter. State Street Corp now owns 1,738,116 shares of the company’s stock valued at $198,545,000 after acquiring an additional 47,142 shares during the last quarter. 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.