Insider Selling: e.l.f. Beauty, Inc. (NYSE:ELF) Insider Sells 29,408 Shares of Stock

e.l.f. Beauty, Inc. (NYSE:ELF) insider Kory Marchisotto sold 29,408 shares of the business’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $166.40, for a total transaction of $4,893,491.20. Following the sale, the insider now owns 156,969 shares in the company, valued at $26,119,641.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

e.l.f. Beauty Trading Down 6.4 %

NYSE:ELF opened at $156.73 on Monday. The company has a market capitalization of $8.70 billion, a P/E ratio of 69.35, a P/E/G ratio of 1.46 and a beta of 1.57. The stock’s 50 day moving average price is $186.27 and its 200 day moving average price is $149.60. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 1.50. e.l.f. Beauty, Inc. has a 52 week low of $83.80 and a 52 week high of $221.83.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Tuesday, February 6th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.47 by $0.11. The company had revenue of $270.94 million during the quarter, compared to the consensus estimate of $239.66 million. e.l.f. Beauty had a net margin of 14.53% and a return on equity of 28.98%. On average, research analysts forecast that e.l.f. Beauty, Inc. will post 2.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ELF. Harbor Investment Advisory LLC bought a new position in e.l.f. Beauty during the first quarter worth $31,000. Armstrong Advisory Group Inc. grew its holdings in shares of 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 purchasing an additional 160 shares in the last quarter. Rise Advisors LLC bought a new stake in shares of e.l.f. Beauty during the first quarter valued at approximately $40,000. GPS Wealth Strategies Group LLC raised its stake in shares of e.l.f. Beauty by 66.4% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 243 shares of the company’s stock valued at $35,000 after purchasing an additional 97 shares in the last quarter. Finally, GAMMA Investing LLC bought a new position in e.l.f. Beauty in the fourth quarter worth $42,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. TD Cowen upgraded e.l.f. Beauty from a “hold” rating to a “buy” rating and cut their target price for the stock from $220.00 to $190.00 in a research report on Wednesday, April 17th. Stifel Nicolaus lifted their target price 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. Bank of America lifted their price target on e.l.f. Beauty from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Robert W. Baird began coverage on e.l.f. Beauty in a research note on Tuesday, January 30th. They issued a “neutral” rating and a $185.00 price objective for the company. Finally, JPMorgan Chase & Co. raised 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.