e.l.f. Beauty (NYSE:ELF) Insider Sells $1,621,800.00 in Stock

Key Points

• Insider Kory Marchisotto sold 10,812 shares of e.l.f. Beauty at an average price of $150.00, totaling approximately $1.62 million, reducing their ownership by 7.47%.
• e.l.f. Beauty's stock price decreased by 4.5%, trading at $140.05, amidst a trading volume of over 2.37 million shares.
• The company reported a quarterly earnings per share (EPS) of $0.89, which exceeded analyst expectations, with revenue growth of 9.0% year-over-year.

e.l.f. Beauty (NYSE:ELF - Get Free Report) insider Kory Marchisotto sold 10,812 shares of the company's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $150.00, for a total value of $1,621,800.00. Following the sale, the insider owned 133,976 shares of the company's stock, valued at approximately $20,096,400. This represents a 7.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Kory Marchisotto also recently made the following trade(s):

• On Friday, September 12th, Kory Marchisotto sold 13,515 shares of e.l.f. Beauty stock. The stock was sold at an average price of $140.10, for a total value of $1,893,451.50.

e.l.f. Beauty Stock Down 1.8%

Shares of NYSE ELF traded down $2.56 during mid-day trading on Monday, reaching $137.40. 1,572,334 shares of the company were exchanged, compared to its average volume of 1,748,969. e.l.f. Beauty has a 1 year low of $49.40 and a 1 year high of $150.99. The firm has a 50-day moving average of $123.15 and a 200 day moving average of $98.41. The stock has a market cap of $8.15 billion, a price-to-earnings ratio of 80.83, a P/E/G ratio of 3.25 and a beta of 1.59. The company has a quick ratio of 2.34, a current ratio of 3.26 and a debt-to-equity ratio of 0.32.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.89 EPS for the quarter, topping analysts' consensus estimates 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 period in the previous year, the company posted $1.10 earnings per share. The firm'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.

Analyst Ratings Changes

Several brokerages recently weighed in on ELF. Robert W. Baird boosted their target price on e.l.f. Beauty from $110.00 to $145.00 and gave the stock an "outperform" rating in a research note on Friday, June 6th. UBS Group cut their price objective on shares of e.l.f. Beauty from $120.00 to $112.00 and set a "neutral" rating on the stock in a report on Thursday, August 7th. B. Riley lifted their target price on shares of e.l.f. Beauty from $150.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, September 10th. Morgan Stanley raised shares of e.l.f. Beauty from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $114.00 to $134.00 in a research report on Monday, August 11th. Finally, Piper Sandler initiated coverage on shares of e.l.f. Beauty in a report on Thursday, September 4th. They issued an "overweight" rating and a $150.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $133.40.

Institutional Trading of e.l.f. Beauty

Several large investors have recently made changes to their positions in ELF. Orion Capital Management LLC purchased a new stake in e.l.f. Beauty in the fourth quarter valued at $30,000. EverSource Wealth Advisors LLC boosted its stake in shares of e.l.f. Beauty by 97.0% in the second quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company's stock worth $32,000 after buying an additional 128 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in e.l.f. Beauty during the first quarter worth about $33,000. Northwestern Mutual Wealth Management Co. boosted its position in 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 worth $39,000 after purchasing an additional 117 shares in the last quarter. Finally, Larson Financial Group LLC grew its stake in shares of e.l.f. Beauty by 56.5% during the 1st quarter. Larson Financial Group LLC now owns 676 shares of the company's stock worth $42,000 after purchasing an additional 244 shares during the period. 92.44% of the stock is owned by hedge funds and other institutional investors.

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.