Scott Milsten Sells 11,860 Shares of e.l.f. Beauty, Inc. (NYSE:ELF) Stock

e.l.f. Beauty, Inc. (NYSE:ELF) insider Scott Milsten sold 11,860 shares of the firm’s stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $115.56, for a total transaction of $1,370,541.60. Following the transaction, the insider now directly owns 118,836 shares of the company’s stock, valued at $13,732,688.16. This represents a 9.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

e.l.f. Beauty Trading Up 1.8%

Shares of e.l.f. Beauty stock opened at $117.83 on Friday. The business has a fifty day simple moving average of $72.37 and a two-hundred day simple moving average of $91.65. e.l.f. Beauty, Inc. has a 1 year low of $49.40 and a 1 year high of $219.77. The company has a market capitalization of $6.65 billion, a price-to-earnings ratio of 69.72, a P/E/G ratio of 6.76 and a beta of 1.31. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Wednesday, May 28th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.06. e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. The business had revenue of $332.65 million during the quarter, compared to the consensus estimate of $327.45 million. During the same quarter last year, the firm posted $0.53 EPS. The company’s quarterly revenue was up 3.6% on a year-over-year basis. Research analysts forecast that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

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

Several hedge funds have recently added to or reduced their stakes in ELF. Blue Trust Inc. lifted its holdings in e.l.f. Beauty by 52.1% during the 4th quarter. Blue Trust Inc. now owns 785 shares of the company’s stock valued at $99,000 after purchasing an additional 269 shares during the last quarter. abrdn plc lifted its holdings in e.l.f. Beauty by 92.9% during the 4th quarter. abrdn plc now owns 148,236 shares of the company’s stock valued at $18,842,000 after purchasing an additional 71,373 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of e.l.f. Beauty by 14.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,942 shares of the company’s stock worth $4,823,000 after buying an additional 4,823 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in shares of e.l.f. Beauty by 84.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 429 shares of the company’s stock worth $54,000 after buying an additional 197 shares in the last quarter. Finally, Stephens Inc. AR lifted its holdings in shares of e.l.f. Beauty by 9.3% during the fourth quarter. Stephens Inc. AR now owns 6,484 shares of the company’s stock worth $814,000 after buying an additional 553 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Canaccord Genuity Group set a $114.00 price target on shares of e.l.f. Beauty in a research note on Thursday, May 29th. DA Davidson decreased their price target on shares of e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. JPMorgan Chase & Co. raised their price target on shares of e.l.f. Beauty from $70.00 to $123.00 and gave the stock an “overweight” rating in a research note on Friday, May 30th. B. Riley reissued a “buy” rating and issued a $90.00 target price (down from $150.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Finally, Bank of America raised their target price on shares of e.l.f. Beauty from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, May 21st. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $120.71.

About e.l.f. Beauty

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.