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

e.l.f. Beauty, Inc. (NYSE:ELF) Director Maureen C. Watson sold 785 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $130.00, for a total value of $102,050.00. Following the transaction, the director now owns 1,888 shares in the company, valued at $245,440. This trade represents a 29.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

e.l.f. Beauty Price Performance

Shares of ELF opened at $136.42 on Thursday. The firm has a market capitalization of $7.68 billion, a PE ratio of 73.74, a price-to-earnings-growth 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 1-year low of $98.50 and a 1-year high of $221.83. The company’s fifty day moving average price is $114.89 and its 200-day moving average price is $150.81.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $289.43 million. During the same period in the prior year, the company earned $0.66 earnings per share. The firm’s revenue was up 39.7% on a year-over-year basis. On average, equities research analysts predict that e.l.f. Beauty, Inc. will post 2.8 EPS for the current year.

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

Hedge funds have recently modified their holdings of the company. Oddo BHF Asset Management Sas acquired a new position in shares of e.l.f. Beauty during the 3rd quarter worth about $1,160,000. Wilmington Savings Fund Society FSB acquired a new position in shares of e.l.f. Beauty during the 3rd quarter worth about $25,000. Sanctuary Advisors LLC raised its position in shares of e.l.f. Beauty by 33.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 6,981 shares of the company’s stock worth $761,000 after purchasing an additional 1,753 shares during the last quarter. Sunbelt Securities Inc. raised its position in shares of e.l.f. Beauty by 26.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,058 shares of the company’s stock worth $115,000 after purchasing an additional 221 shares during the last quarter. Finally, Coldstream Capital Management Inc. raised its position in shares of e.l.f. Beauty by 319.2% during the 3rd quarter. Coldstream Capital Management Inc. now owns 4,179 shares of the company’s stock worth $501,000 after purchasing an additional 3,182 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ELF shares. TD Cowen dropped their price target on e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. Morgan Stanley lowered their price objective on 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. Robert W. Baird lowered their price objective on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. Stifel Nicolaus lowered their price objective on e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating on the stock in a research report on Thursday, November 7th. Finally, Jefferies Financial Group lowered their price objective on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, e.l.f. Beauty has an average rating of “Moderate Buy” and an average price target of $173.53.

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.