Lauren Cooks Levitan Sells 4,670 Shares of e.l.f. Beauty, Inc. (NYSE:ELF) Stock

e.l.f. Beauty, Inc. (NYSE:ELF - Get Free Report) Director Lauren Cooks Levitan sold 4,670 shares of the stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $115.94, for a total value of $541,439.80. Following the transaction, the director now owns 12,697 shares of the company's stock, valued at $1,472,090.18. This represents a 26.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

e.l.f. Beauty Trading Up 1.3%

ELF traded up $1.47 during mid-day trading on Friday, hitting $117.27. 971,732 shares of the stock were exchanged, compared to its average volume of 2,510,398. The company has a market cap of $6.61 billion, a PE ratio of 69.36, a PEG ratio of 6.76 and a beta of 1.31. 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 fifty day moving average is $71.30 and its two-hundred day moving average is $91.67. e.l.f. Beauty, Inc. has a 1-year low of $49.40 and a 1-year high of $219.77.

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on ELF. Jefferies Financial Group set a $115.00 price target on e.l.f. Beauty and gave the stock a "buy" rating in a research report on Thursday, May 29th. Piper Sandler reiterated an "overweight" rating and issued a $109.00 target price (up previously from $81.00) on shares of e.l.f. Beauty in a report on Thursday, May 29th. UBS Group boosted their target price on e.l.f. Beauty from $59.00 to $84.00 and gave the company a "neutral" rating in a research report on Wednesday, May 21st. The Goldman Sachs Group lowered their price target on e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Finally, DA Davidson dropped their price objective 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. Five equities 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 company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $120.71.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ELF. Nemes Rush Group LLC purchased a new stake in shares of e.l.f. Beauty during the fourth quarter worth approximately $27,000. Orion Capital Management LLC purchased a new stake in shares of e.l.f. Beauty in the 4th quarter valued at approximately $30,000. Promus Capital LLC acquired a new stake in shares of e.l.f. Beauty in the 4th quarter valued at $31,000. Kestra Investment Management LLC acquired a new stake in shares of e.l.f. Beauty in the 4th quarter valued at $32,000. Finally, Golden State Wealth Management LLC purchased a new stake in shares of e.l.f. Beauty during the 1st quarter worth $33,000. 92.44% of the stock is owned by institutional investors and hedge funds.

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.