e.l.f. Beauty (NYSE:ELF) Insider Scott Milsten Sells 4,162 Shares

e.l.f. Beauty (NYSE:ELF) insider Scott Milsten sold 4,162 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $51.53, for a total value of $214,467.86. Following the completion of the transaction, the insider directly owned 144,581 shares in the company, valued at approximately $7,450,258.93. The trade was a 2.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Scott Milsten also recently made the following trade(s):

• On Monday, April 27th, Scott Milsten sold 23,797 shares of e.l.f. Beauty stock. The shares were sold at an average price of $63.66, for a total value of $1,514,917.02.

e.l.f. Beauty Price Performance

NYSE ELF opened at $60.76 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.35 and a quick ratio of 1.69. The stock’s fifty day moving average price is $59.46 and its 200 day moving average price is $72.93. e.l.f. Beauty has a 1 year low of $48.82 and a 1 year high of $150.99. The company has a market cap of $3.61 billion, a price-to-earnings ratio of 132.09, a PEG ratio of 2.39 and a beta of 1.63.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, May 20th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.03. e.l.f. Beauty had a return on equity of 11.02% and a net margin of 1.61%.The firm had revenue of $449.29 million for the quarter, compared to the consensus estimate of $423.06 million. During the same period in the prior year, the firm earned $0.78 EPS. The firm’s revenue was up 35.1% on a year-over-year basis. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. As a group, equities research analysts forecast that e.l.f. Beauty will post 2.41 earnings per share for the current year.

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

Several hedge funds have recently added to or reduced their stakes in the business. Cim Investment Management Inc. purchased a new stake in e.l.f. Beauty in the first quarter valued at $366,000. Bank of America Corp DE boosted its holdings in e.l.f. Beauty by 45.9% in the first quarter. Bank of America Corp DE now owns 418,431 shares of the company’s stock valued at $25,361,000 after purchasing an additional 131,572 shares during the last quarter. Edgestream Partners L.P. boosted its holdings in e.l.f. Beauty by 9.0% in the first quarter. Edgestream Partners L.P. now owns 19,727 shares of the company’s stock valued at $1,196,000 after purchasing an additional 1,621 shares during the last quarter. Centaurus Financial Inc. purchased a new stake in e.l.f. Beauty in the first quarter valued at $315,000. Finally, Amundi purchased a new stake in e.l.f. Beauty in the first quarter valued at $333,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about e.l.f. Beauty

Here are the key news stories impacting e.l.f. Beauty this week:

• Positive Sentiment: Options traders were unusually active on the bullish side, with 15,457 call options bought on e.l.f. Beauty — about 50% above the average — suggesting some investors are positioning for upside. Source article
• Neutral Sentiment: Several executives sold shares on June 9 at $51.53, including CEO Tarang Amin, along with insiders Scott Milsten, Kory Marchisotto, Mandy J. Fields, Joshua Allen Franks, and Jennifer Catherine Hartnett. The sales were disclosed in SEC filings and appear to be routine insider transactions rather than a single company event. SEC filing
• Negative Sentiment: The breadth of insider selling could weigh on sentiment, since multiple top leaders and employees trimmed holdings at the same price, which may make investors cautious despite the company’s recent operational progress. SEC filing

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Piper Sandler cut their target price on e.l.f. Beauty from $60.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, May 21st. Morgan Stanley cut their target price on e.l.f. Beauty from $67.00 to $59.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 21st. Raymond James Financial reissued a “strong-buy” rating and issued a $85.00 target price on shares of e.l.f. Beauty in a research report on Thursday, May 21st. Weiss Ratings lowered shares of e.l.f. Beauty from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, June 4th. Finally, B. Riley Financial lowered their price target on shares of e.l.f. Beauty from $130.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $78.38.

e.l.f. Beauty Company Profile

e.l.f. Beauty (NYSE: ELF) is an American cosmetics company known for offering an extensive range of affordable, trend-driven makeup and skincare products. The company’s portfolio spans foundations, lipsticks, mascaras, brushes, serums, masks and other beauty essentials, all positioned at accessible price points. e.l.f. Beauty maintains a direct-to-consumer platform through its e-commerce site and engages in widespread retail partnerships with major chains such as Target, Walmart, Ulta Beauty and Amazon.

Founded in 2004 and headquartered in Oakland, California, e.l.f.