e.l.f. Beauty (NYSE:ELF) Stock Price Down 6.4%

e.l.f. Beauty, Inc. (NYSE:ELF)’s share price dropped 6.4% during trading on Monday . The stock traded as low as $164.55 and last traded at $166.10. Approximately 716,913 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 1,578,964 shares. The stock had previously closed at $177.52.

Analyst Upgrades and Downgrades

ELF has been the topic of several research analyst reports. Bank of America upped their price objective on e.l.f. Beauty from $220.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Canaccord Genuity Group upped their target price on e.l.f. Beauty from $214.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. Baird R W upgraded e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a report on Thursday. Raymond James reiterated a “strong-buy” rating and issued a $235.00 target price on shares of e.l.f. Beauty in a report on Monday. Finally, DA Davidson reiterated a “buy” rating and issued a $220.00 target price on shares of e.l.f. Beauty in a report on Monday, June 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $210.00.

e.l.f. Beauty Stock Down 4.5 %

The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.95 and a current ratio of 1.60. The stock has a market capitalization of $9.56 billion, a PE ratio of 75.99, a PEG ratio of 3.90 and a beta of 1.46. The business has a 50 day moving average of $190.36 and a two-hundred day moving average of $180.53.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Wednesday, May 22nd. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.16. e.l.f. Beauty had a return on equity of 26.64% and a net margin of 12.47%. The firm had revenue of $321.14 million during the quarter, compared to analysts’ expectations of $292.47 million. Analysts predict that e.l.f. Beauty, Inc. will post 2.83 EPS for the current year.

Insider Buying and Selling at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,519 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $163.70, for a total value of $3,850,060.30. Following the completion of the sale, the chief executive officer now directly owns 10,890 shares in the company, valued at $1,782,693. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other e.l.f. Beauty news, CEO Tarang Amin sold 23,519 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $163.70, for a total value of $3,850,060.30. Following the completion of the sale, the chief executive officer now directly owns 10,890 shares in the company, valued at $1,782,693. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Joshua Allen Franks sold 3,370 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $201.28, for a total value of $678,313.60. Following the completion of the sale, the senior vice president now owns 71,986 shares of the company’s stock, valued at $14,489,342.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 134,117 shares of company stock worth $24,394,943. 5.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP increased its position in shares of 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 valued at $366,744,000 after buying an additional 126,231 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of e.l.f. Beauty by 0.3% in the fourth quarter. State of Alaska Department of Revenue now owns 33,993 shares of the company’s stock valued at $4,906,000 after buying an additional 85 shares in the last quarter. Swiss National Bank increased its position in shares of e.l.f. Beauty by 0.5% in the first quarter. Swiss National Bank now owns 108,900 shares of the company’s stock valued at $21,348,000 after buying an additional 500 shares in the last quarter. Roman Butler Fullerton & Co. purchased a new stake in shares of e.l.f. Beauty in the fourth quarter valued at approximately $1,294,000. Finally, AMI Asset Management Corp purchased a new stake in shares of e.l.f. Beauty in the fourth quarter valued at approximately $1,315,000. 92.44% of the stock is currently 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.