e.l.f. Beauty, Inc. (NYSE:ELF - Get Free Report) insider Kory Marchisotto sold 51,350 shares of the company's stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $53.36, for a total value of $2,740,036.00. Following the completion of the transaction, the insider now directly owns 152,492 shares in the company, valued at approximately $8,136,973.12. The trade was a 25.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
e.l.f. Beauty Price Performance
Shares of NYSE:ELF opened at $55.37 on Wednesday. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. The firm's 50 day moving average is $63.20 and its two-hundred day moving average is $98.47. The firm has a market capitalization of $3.12 billion, a P/E ratio of 32.76, a PEG ratio of 6.76 and a beta of 1.41. e.l.f. Beauty, Inc. has a 52 week low of $49.40 and a 52 week high of $219.77.
e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. Analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.
Hedge Funds Weigh In On e.l.f. Beauty
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Baillie Gifford & Co. lifted its stake in shares of e.l.f. Beauty by 51.0% in the 4th quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company's stock worth $1,005,584,000 after acquiring an additional 2,703,742 shares during the period. Champlain Investment Partners LLC raised its holdings in e.l.f. Beauty by 99.7% during the fourth quarter. Champlain Investment Partners LLC now owns 2,226,451 shares of the company's stock worth $279,531,000 after purchasing an additional 1,111,550 shares in the last quarter. William Blair Investment Management LLC lifted its position in e.l.f. Beauty by 40.9% in the fourth quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company's stock worth $289,437,000 after purchasing an additional 669,321 shares during the period. Aspex Management HK Ltd bought a new position in e.l.f. Beauty during the 4th quarter valued at $73,576,000. Finally, Raymond James Financial Inc. acquired a new position in shares of e.l.f. Beauty during the 4th quarter valued at $68,775,000. Institutional investors own 92.44% of the company's stock.
Analysts Set New Price Targets
ELF has been the topic of several recent analyst reports. Canaccord Genuity Group cut their price target on shares of e.l.f. Beauty from $174.00 to $105.00 and set a "buy" rating on the stock in a report on Friday, February 7th. The Goldman Sachs Group cut their target price on shares of e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Raymond James decreased their price target on e.l.f. Beauty from $120.00 to $85.00 and set a "strong-buy" rating for the company in a research note on Thursday, April 17th. Stifel Nicolaus cut their price objective on e.l.f. Beauty from $115.00 to $105.00 and set a "hold" rating on the stock in a research note on Monday, February 3rd. Finally, Piper Sandler lowered their price target on e.l.f. Beauty from $102.00 to $90.00 and set an "overweight" rating for the company in a report on Monday, March 31st. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $121.82.
View Our Latest Analysis on ELF
About e.l.f. Beauty
(
Get Free Report)
e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.
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