Mandy J. Fields Sells 1,250 Shares of e.l.f. Beauty, Inc. (NYSE:ELF) Stock

e.l.f. Beauty, Inc. (NYSE:ELF) insider Mandy J. Fields sold 1,250 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $174.90, for a total value of $218,625.00. Following the transaction, the insider now directly owns 77,146 shares of the company’s stock, valued at approximately $13,492,835.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

e.l.f. Beauty Trading Down 0.6 %

NYSE ELF opened at $175.95 on Friday. The business’s 50-day moving average price is $186.46 and its two-hundred day moving average price is $150.96. e.l.f. Beauty, Inc. has a 12 month low of $83.80 and a 12 month high of $221.83. The firm has a market capitalization of $9.77 billion, a PE ratio of 77.85, a price-to-earnings-growth ratio of 1.66 and a beta of 1.57. 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 (NYSE:ELF) last announced its earnings results on Tuesday, February 6th. The company reported $0.58 EPS for the quarter, beating the consensus estimate 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 company had revenue of $270.94 million for the quarter, compared to analyst estimates of $239.66 million. On average, analysts expect that e.l.f. Beauty, Inc. will post 2.5 EPS for the current year.

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

Several institutional investors and hedge funds have recently made changes to their positions in ELF. Armstrong Advisory Group Inc. raised its stake in e.l.f. Beauty by 390.2% during the 4th quarter. Armstrong Advisory Group Inc. now owns 201 shares of the company’s stock worth $29,000 after buying an additional 160 shares during the period. Harbor Investment Advisory LLC acquired a new position in e.l.f. Beauty during the 1st quarter worth approximately $31,000. Oakworth Capital Inc. acquired a new position in e.l.f. Beauty during the 1st quarter worth approximately $33,000. BluePath Capital Management LLC acquired a new position in e.l.f. Beauty during the 3rd quarter worth approximately $34,000. Finally, GPS Wealth Strategies Group LLC raised its stake in e.l.f. Beauty by 66.4% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 243 shares of the company’s stock worth $35,000 after buying an additional 97 shares during the period. Institutional investors own 92.44% of the company’s stock.

Wall Street Analysts Forecast Growth

ELF has been the subject of a number of research analyst reports. DA Davidson reissued a “buy” rating and set a $220.00 price target on shares of e.l.f. Beauty in a report on Monday, April 8th. JPMorgan Chase & Co. boosted their price objective on e.l.f. Beauty from $130.00 to $175.00 and gave the stock an “overweight” rating in a research report on Thursday, January 18th. TD Cowen upgraded e.l.f. Beauty from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $220.00 to $190.00 in a research report on Wednesday, April 17th. Morgan Stanley boosted their price objective on e.l.f. Beauty from $168.00 to $184.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Finally, Robert W. Baird assumed coverage on e.l.f. Beauty in a research report on Tuesday, January 30th. They set a “neutral” rating and a $185.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $184.33.

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.