e.l.f. Beauty (NYSE:ELF) Shares Down 1% on Insider Selling

e.l.f. Beauty, Inc. (NYSE:ELF)’s share price traded down 1% on Monday after an insider sold shares in the company. The stock traded as low as $108.77 and last traded at $111.80. 669,843 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 1,749,723 shares. The stock had previously closed at $112.91.

Specifically, CEO Tarang Amin sold 23,528 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $136.45, for a total value of $3,210,395.60. Following the completion of the sale, the chief executive officer now owns 106,016 shares of the company’s stock, valued at approximately $14,465,883.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. UBS Group cut their price objective on shares of e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, August 9th. JPMorgan Chase & Co. dropped their price target on shares of e.l.f. Beauty from $224.00 to $207.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Canaccord Genuity Group increased their price target on shares of e.l.f. Beauty from $214.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. Robert W. Baird increased their price target on shares of e.l.f. Beauty from $230.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Finally, B. Riley initiated coverage on shares of e.l.f. Beauty in a research report on Tuesday, September 10th. They set a “buy” rating and a $175.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $198.80.

e.l.f. Beauty Price Performance

The stock has a market cap of $6.23 billion, a P/E ratio of 50.18, a price-to-earnings-growth ratio of 2.37 and a beta of 1.44. The business’s 50 day moving average price is $150.51 and its two-hundred day moving average price is $172.84. The company has a current ratio of 1.77, a quick ratio of 1.10 and a debt-to-equity ratio of 0.23.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.20. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. The company had revenue of $324.48 million during the quarter, compared to analysts’ expectations of $303.60 million. As a group, sell-side analysts expect that e.l.f. Beauty, Inc. will post 2.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in e.l.f. Beauty by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 6,050,649 shares of the company’s stock valued at $873,351,000 after acquiring an additional 79,701 shares during the period. Baillie Gifford & Co. purchased a new position in e.l.f. Beauty in the second quarter worth about $801,693,000. Wellington Management Group LLP raised its holdings in e.l.f. Beauty by 5.2% in the fourth quarter. Wellington Management Group LLP now owns 2,540,832 shares of the company’s stock worth $366,744,000 after buying an additional 126,231 shares during the last quarter. William Blair Investment Management LLC raised its holdings in e.l.f. Beauty by 12.5% in the second quarter. William Blair Investment Management LLC now owns 1,512,180 shares of the company’s stock worth $318,647,000 after buying an additional 168,267 shares during the last quarter. Finally, Clearbridge Investments LLC raised its holdings in e.l.f. Beauty by 84.4% in the second quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock worth $265,432,000 after buying an additional 576,383 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

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.