Insider Selling: e.l.f. Beauty, Inc. (NYSE:ELF) Insider Sells 1,250 Shares of Stock

e.l.f. Beauty, Inc. (NYSE:ELF) insider Mandy J. Fields sold 1,250 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $174.90, for a total value of $218,625.00. Following the transaction, 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 available at the SEC website.

e.l.f. Beauty Price Performance

Shares of ELF stock traded down $0.95 during trading hours on Thursday, reaching $176.03. The company had a trading volume of 2,058,165 shares, compared to its average volume of 1,593,945. e.l.f. Beauty, Inc. has a 12-month low of $83.80 and a 12-month high of $221.83. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 1.50. The company has a market capitalization of $9.77 billion, a price-to-earnings ratio of 78.33, a PEG ratio of 1.66 and a beta of 1.57. The stock has a fifty day moving average of $186.44 and a 200-day moving average of $150.79.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Tuesday, February 6th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $239.66 million. On average, equities analysts anticipate that e.l.f. Beauty, Inc. will post 2.5 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ELF. Harbor Investment Advisory LLC purchased a new stake in e.l.f. Beauty during the 1st quarter worth about $31,000. Oakworth Capital Inc. acquired a new stake in e.l.f. Beauty in the first quarter valued at approximately $33,000. Armstrong Advisory Group Inc. lifted its stake in e.l.f. Beauty by 390.2% in the fourth quarter. Armstrong Advisory Group Inc. now owns 201 shares of the company’s stock worth $29,000 after acquiring an additional 160 shares during the last quarter. Rise Advisors LLC acquired a new position in e.l.f. Beauty during the 1st quarter worth approximately $40,000. Finally, GPS Wealth Strategies Group LLC increased its position in shares of e.l.f. Beauty by 66.4% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 243 shares of the company’s stock valued at $35,000 after purchasing an additional 97 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ELF. Raymond James raised their price target on shares of e.l.f. Beauty from $140.00 to $180.00 and gave the company a “strong-buy” rating in a report on Monday, January 22nd. DA Davidson reiterated a “buy” rating and set a $220.00 price objective on shares of e.l.f. Beauty in a research note on Monday, April 8th. StockNews.com downgraded e.l.f. Beauty from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. JPMorgan Chase & Co. boosted their price target on e.l.f. Beauty from $130.00 to $175.00 and gave the company an “overweight” rating in a research note on Thursday, January 18th. Finally, Bank of America raised their price objective on e.l.f. Beauty from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, e.l.f. Beauty has an average rating of “Moderate Buy” and a consensus target price of $184.33.

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.