e.l.f. Beauty (NYSE:ELF) Trading Down 0.1%

e.l.f. Beauty, Inc. (NYSE:ELFGet Free Report) shares fell 0.1% on Friday . The stock traded as low as $193.90 and last traded at $196.03. 957,685 shares changed hands during mid-day trading, a decline of 24% from the average session volume of 1,265,852 shares. The stock had previously closed at $196.25.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Raymond James raised their price objective on shares of e.l.f. Beauty from $140.00 to $180.00 and gave the stock a “strong-buy” rating in a report on Monday, January 22nd. Truist Financial lifted their price target on e.l.f. Beauty from $150.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Stifel Nicolaus increased their price objective on e.l.f. Beauty from $141.00 to $167.00 and gave the stock a “hold” rating in a report on Wednesday, February 7th. StockNews.com downgraded e.l.f. Beauty from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. Finally, JPMorgan Chase & Co. upped their price target on e.l.f. Beauty from $130.00 to $175.00 and gave the company an “overweight” rating in a research report on Thursday, January 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $186.58.

Read Our Latest Analysis on ELF

e.l.f. Beauty Trading Down 0.1 %

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 stock has a market cap of $10.88 billion, a P/E ratio of 86.74, a P/E/G ratio of 2.20 and a beta of 1.60. The stock has a 50-day moving average price of $184.78 and a 200-day moving average price of $143.43.

e.l.f. Beauty (NYSE:ELFGet Free Report) last announced its earnings results on Tuesday, February 6th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $270.94 million during the quarter, compared to analyst estimates of $239.66 million. On average, equities research analysts expect that e.l.f. Beauty, Inc. will post 2.49 EPS for the current year.

Insider Buying and Selling

In related news, CEO Tarang Amin sold 23,142 shares of the stock in a transaction on Friday, January 5th. The stock was sold at an average price of $139.44, for a total value of $3,226,920.48. Following the transaction, the chief executive officer now owns 44,263 shares of the company’s stock, valued at $6,172,032.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Tarang Amin sold 23,142 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $139.44, for a total value of $3,226,920.48. Following the completion of the sale, the chief executive officer now owns 44,263 shares in the company, valued at approximately $6,172,032.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Scott Milsten sold 5,061 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $140.22, for a total value of $709,653.42. Following the completion of the sale, the insider now directly owns 79,104 shares of the company’s stock, valued at approximately $11,091,962.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 61,922 shares of company stock worth $10,145,374. Corporate insiders own 5.20% of the company’s stock.

Hedge Funds Weigh In On e.l.f. Beauty

Large investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its stake in shares of e.l.f. Beauty by 235.8% during the third quarter. Wellington Management Group LLP now owns 2,414,601 shares of the company’s stock valued at $265,196,000 after buying an additional 1,695,585 shares during the last quarter. FMR LLC grew its position in e.l.f. Beauty by 641.2% during the 3rd quarter. FMR LLC now owns 832,404 shares of the company’s stock worth $91,423,000 after acquiring an additional 720,098 shares during the last quarter. Norges Bank purchased a new position in e.l.f. Beauty in the 4th quarter worth approximately $95,611,000. Millennium Management LLC increased its stake in e.l.f. Beauty by 697.8% in the 4th quarter. Millennium Management LLC now owns 681,739 shares of the company’s stock worth $37,700,000 after purchasing an additional 596,287 shares during the period. Finally, William Blair Investment Management LLC lifted its position in e.l.f. Beauty by 58.2% in the third quarter. William Blair Investment Management LLC now owns 1,424,268 shares of the company’s stock valued at $156,427,000 after purchasing an additional 523,903 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Company Profile

(Get Free Report)

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.

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