Scott Milsten Sells 530 Shares of e.l.f. Beauty, Inc. (NYSE:ELF) Stock

e.l.f. Beauty, Inc. (NYSE:ELF) insider Scott Milsten sold 530 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $72,928.00. Following the sale, the insider now owns 68,853 shares of the company’s stock, valued at approximately $9,474,172.80. This represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

e.l.f. Beauty Price Performance

Shares of NYSE:ELF traded down $2.86 during midday trading on Tuesday, reaching $137.60. 1,217,956 shares of the company were exchanged, compared to its average volume of 1,967,626. The stock has a market cap of $7.75 billion, a PE ratio of 75.86, a price-to-earnings-growth ratio of 3.06 and a beta of 1.49. The business’s fifty day moving average is $116.46 and its two-hundred day moving average is $150.17. e.l.f. Beauty, Inc. has a one year low of $98.50 and a one year high of $221.83. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.34. The firm had revenue of $301.10 million during the quarter, compared to analyst estimates of $289.43 million. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The business’s quarterly revenue was up 39.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 earnings per share. As a group, analysts predict that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ELF. Bank of America cut their target price on shares of e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Morgan Stanley cut their price objective on shares of e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating for the company in a research report on Monday, September 30th. Canaccord Genuity Group decreased their target price on e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Jefferies Financial Group cut their price target on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Finally, Truist Financial reduced their price target on e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, two have assigned 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.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $173.53.

Institutional Trading of e.l.f. Beauty

Large investors have recently added to or reduced their stakes in the company. Baillie Gifford & Co. boosted its position in shares of e.l.f. Beauty by 39.5% during the 3rd quarter. Baillie Gifford & Co. now owns 5,305,692 shares of the company’s stock valued at $578,480,000 after acquiring an additional 1,501,151 shares during the last quarter. State Street Corp lifted its position in e.l.f. Beauty by 3.7% during the third quarter. State Street Corp now owns 1,665,203 shares of the company’s stock valued at $181,557,000 after purchasing an additional 59,248 shares during the last quarter. William Blair Investment Management LLC grew its stake in shares of e.l.f. Beauty by 12.5% in the 2nd 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 in the last quarter. Clearbridge Investments LLC increased its holdings in shares of e.l.f. Beauty by 84.4% in the 2nd 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. Finally, FMR LLC raised its position in shares of e.l.f. Beauty by 5.5% during the 3rd quarter. FMR LLC now owns 1,186,766 shares of the company’s stock valued at $129,393,000 after buying an additional 61,524 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

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.