e.l.f. Beauty (NYSE:ELF) Director Sells $550,692.20 in Stock

Key Points

• e.l.f. Beauty Director Lauren Cooks Levitan sold 4,630 shares for $550,692.20, representing a 28.69% decrease in her position.
• Following the sale, Levitan held 11,507 shares valued at approximately $1.37 million.
• e.l.f. Beauty's stock is currently trading at $123.60, up 6.2%, with a market cap of $7.33 billion and a PE ratio of 53.38.

e.l.f. Beauty (NYSE:ELF - Get Free Report) Director Lauren Cooks Levitan sold 4,630 shares of the stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $118.94, for a total transaction of $550,692.20. Following the transaction, the director owned 11,507 shares of the company's stock, valued at $1,368,642.58. This trade represents a 28.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Lauren Cooks Levitan also recently made the following trade(s):

• On Wednesday, June 4th, Lauren Cooks Levitan sold 4,670 shares of e.l.f. Beauty stock. The shares were sold at an average price of $115.94, for a total transaction of $541,439.80.

e.l.f. Beauty Stock Up 6.2%

NYSE ELF traded up $7.23 during mid-day trading on Monday, reaching $123.60. The stock had a trading volume of 2,121,215 shares, compared to its average volume of 2,356,101. The stock has a market cap of $7.33 billion, a PE ratio of 53.38, a price-to-earnings-growth ratio of 2.87 and a beta of 1.57. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.26 and a quick ratio of 2.34. The company has a fifty day moving average price of $118.96 and a 200 day moving average price of $88.47. e.l.f. Beauty has a 1 year low of $49.40 and a 1 year high of $172.49.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.84 by $0.05. e.l.f. Beauty had a net margin of 7.29% and a return on equity of 16.36%. The business had revenue of $353.74 million during the quarter, compared to the consensus estimate of $348.99 million. During the same quarter in the prior year, the firm earned $1.10 EPS. The business's revenue was up 9.0% on a year-over-year basis. On average, research analysts expect that e.l.f. Beauty will post 2.38 earnings per share for the current year.

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

Several institutional investors and hedge funds have recently made changes to their positions in ELF. Orion Capital Management LLC purchased a new stake in e.l.f. Beauty during the 4th quarter worth approximately $30,000. EverSource Wealth Advisors LLC lifted its stake in shares of e.l.f. Beauty by 97.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company's stock worth $32,000 after acquiring an additional 128 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of e.l.f. Beauty by 58.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company's stock valued at $39,000 after purchasing an additional 117 shares in the last quarter. MAI Capital Management increased its holdings in e.l.f. Beauty by 129.1% during the 2nd quarter. MAI Capital Management now owns 394 shares of the company's stock valued at $49,000 after acquiring an additional 222 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of e.l.f. Beauty during the 2nd quarter worth about $49,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of e.l.f. Beauty from a "hold" rating to a "buy" rating and set a $121.00 price objective on the stock in a report on Friday, August 8th. Robert W. Baird lifted their price objective on e.l.f. Beauty from $110.00 to $145.00 and gave the stock an "outperform" rating in a research report on Friday, June 6th. Morgan Stanley raised e.l.f. Beauty from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $114.00 to $134.00 in a research report on Monday, August 11th. Canaccord Genuity Group lowered their price target on e.l.f. Beauty from $150.00 to $128.00 and set a "buy" rating for the company in a report on Thursday, August 7th. Finally, B. Riley restated a "buy" rating and issued a $150.00 price objective (up previously from $110.00) on shares of e.l.f. Beauty in a report on Friday, June 13th. Three analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $123.81.

e.l.f. Beauty Company Profile

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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