e.l.f. Beauty (NYSE:ELF) Insider Sells $439,620.16 in Stock

e.l.f. Beauty (NYSE:ELF) insider Mandy Fields sold 8,464 shares of e.l.f. Beauty stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $51.94, for a total value of $439,620.16. Following the sale, the insider directly owned 111,288 shares of the company’s stock, valued at approximately $5,780,298.72. This represents a 7.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

e.l.f. Beauty Stock Performance

Shares of ELF stock traded down $1.77 during mid-day trading on Friday, reaching $49.67. The stock had a trading volume of 5,610,863 shares, compared to its average volume of 2,734,654. e.l.f. Beauty has a 1-year low of $48.82 and a 1-year high of $150.99. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 107.97, a PEG ratio of 2.12 and a beta of 1.63. The company has a current ratio of 2.35, a quick ratio of 1.69 and a debt-to-equity ratio of 0.72. The business’s fifty day moving average is $60.27 and its 200-day moving average is $73.49.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, May 20th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. The firm had revenue of $449.29 million during the quarter, compared to the consensus estimate of $423.06 million. e.l.f. Beauty had a return on equity of 11.02% and a net margin of 1.61%.The company’s revenue was up 35.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 earnings per share. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. On average, research analysts forecast that e.l.f. Beauty will post 2.44 earnings per share for the current year.

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

Several large investors have recently made changes to their positions in the company. Royal Bank of Canada increased its holdings in e.l.f. Beauty by 9.9% in the first quarter. Royal Bank of Canada now owns 153,682 shares of the company’s stock valued at $9,650,000 after buying an additional 13,851 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of e.l.f. Beauty by 168.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 6,483 shares of the company’s stock worth $407,000 after acquiring an additional 4,069 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of e.l.f. Beauty by 176.4% during the 1st quarter. NewEdge Advisors LLC now owns 4,677 shares of the company’s stock valued at $294,000 after acquiring an additional 2,985 shares during the period. United Services Automobile Association acquired a new stake in shares of e.l.f. Beauty during the 1st quarter valued at about $240,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of e.l.f. Beauty by 58.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock valued at $39,000 after purchasing an additional 117 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ELF has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft set a $65.00 price objective on shares of e.l.f. Beauty in a research note on Thursday, May 14th. Piper Sandler lowered their price target on shares of e.l.f. Beauty from $60.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, May 21st. JPMorgan Chase & Co. cut their price target on e.l.f. Beauty from $85.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Canaccord Genuity Group reduced their price objective on e.l.f. Beauty from $100.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Finally, Robert W. Baird decreased their price objective on e.l.f. Beauty from $115.00 to $90.00 and set an “outperform” rating for the company in a report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $82.75.

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.