e.l.f. Beauty (NYSE:ELF) Trading Down 0.5%

Shares of e.l.f. Beauty, Inc. (NYSE:ELF) fell 0.5% on Thursday . The stock traded as low as $135.23 and last traded at $136.57. 226,229 shares were traded during mid-day trading, a decline of 86% from the average session volume of 1,662,121 shares. The stock had previously closed at $137.32.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Baird R W raised e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 18th. DA Davidson reiterated a “buy” rating and issued a $223.00 price objective on shares of e.l.f. Beauty in a research note on Thursday, August 29th. Piper Sandler reissued an “overweight” rating and set a $260.00 target price on shares of e.l.f. Beauty in a research note on Monday, August 26th. JPMorgan Chase & Co. cut their target price on e.l.f. Beauty from $224.00 to $207.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Finally, Bank of America increased their price target 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $216.43.

e.l.f. Beauty Price Performance

The company has a current ratio of 1.77, a quick ratio of 1.10 and a debt-to-equity ratio of 0.23. The stock has a market cap of $7.59 billion, a PE ratio of 60.82, a PEG ratio of 3.12 and a beta of 1.46. The business has a 50-day moving average price of $175.20 and a 200 day moving average price of $180.92.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.20. The company had revenue of $324.48 million for the quarter, compared to analyst estimates of $303.60 million. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. As a group, research analysts forecast that e.l.f. Beauty, Inc. will post 2.88 earnings per share for the current fiscal year.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 548 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $175.00, for a total value of $95,900.00. Following the completion of the transaction, the chief executive officer now owns 214,507 shares in the company, valued at approximately $37,538,725. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, SVP Joshua Allen Franks sold 3,370 shares of e.l.f. Beauty stock in a transaction on Monday, July 15th. The shares were sold at an average price of $201.28, for a total transaction of $678,313.60. Following the completion of the sale, the senior vice president now directly owns 71,986 shares of the company’s stock, valued at approximately $14,489,342.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Tarang Amin sold 548 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $175.00, for a total transaction of $95,900.00. Following the completion of the transaction, the chief executive officer now owns 214,507 shares of the company’s stock, valued at $37,538,725. The disclosure for this sale can be found here. Insiders sold 30,376 shares of company stock valued at $5,869,963 over the last three months. Company insiders own 5.20% of the company’s stock.

Institutional Investors Weigh In On e.l.f. Beauty

Hedge funds have recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC bought a new stake in e.l.f. Beauty in the 2nd quarter worth approximately $26,000. Matrix Trust Co bought a new stake in e.l.f. Beauty during the 2nd quarter valued at $27,000. Innealta Capital LLC purchased a new stake in e.l.f. Beauty during the 2nd quarter valued at $30,000. Harbor Investment Advisory LLC bought a new stake in e.l.f. Beauty in the 1st quarter worth $31,000. Finally, Whittier Trust Co. of Nevada Inc. increased its position in shares of e.l.f. Beauty by 405.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock valued at $36,000 after acquiring an additional 138 shares during the period. 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.