e.l.f. Beauty (NYSE:ELF) Insider Mandy Fields Sells 55,692 Shares

Key Points

• Mandy Fields, an insider at e.l.f. Beauty, sold 55,692 shares at an average price of $136.28, totaling approximately $7.59 million, which reduced their ownership by 46.47%.
• e.l.f. Beauty's stock traded down to $134.47, with a market cap of $7.98 billion and a significant twelve-month trading range of $49.40 to $147.33.
• The company recently reported a quarterly earnings per share of $0.89, exceeding analysts' expectations, and analysts currently have a consensus price target of $132.88 for e.l.f. Beauty's stock.

e.l.f. Beauty (NYSE:ELF - Get Free Report) insider Mandy Fields sold 55,692 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $136.28, for a total transaction of $7,589,705.76. Following the transaction, the insider directly owned 64,154 shares of the company's stock, valued at $8,742,907.12. This represents a 46.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

e.l.f. Beauty Stock Performance

Shares of NYSE ELF traded down $4.36 during midday trading on Wednesday, reaching $134.47. 1,902,529 shares of the stock were exchanged, compared to its average volume of 2,632,063. The firm has a 50-day simple moving average of $119.43 and a two-hundred day simple moving average of $93.71. e.l.f. Beauty has a twelve month low of $49.40 and a twelve month high of $147.33. The firm has a market cap of $7.98 billion, a price-to-earnings ratio of 79.10, a PEG ratio of 3.34 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 released its quarterly earnings results on Wednesday, August 6th. The company reported $0.89 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $353.74 million for the quarter, compared to analysts' expectations of $348.99 million. During the same quarter last year, the company earned $1.10 EPS. The firm's revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, analysts anticipate that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

Analysts Set New Price Targets

ELF has been the topic of several research analyst reports. Bank of America boosted their price objective on shares of e.l.f. Beauty from $113.00 to $135.00 and gave the company a "buy" rating in a report on Friday, June 20th. Deutsche Bank Aktiengesellschaft downgraded e.l.f. Beauty from a "buy" rating to a "hold" rating and boosted their price objective for the stock from $121.00 to $128.00 in a research report on Tuesday, September 2nd. UBS Group lowered their price objective on e.l.f. Beauty from $120.00 to $112.00 and set a "neutral" rating for the company in a research report on Thursday, August 7th. The Goldman Sachs Group upped their price target on e.l.f. Beauty from $120.00 to $137.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Finally, JPMorgan Chase & Co. reduced their price objective on e.l.f. Beauty from $132.00 to $130.00 and set an "overweight" rating for the company in a research note on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, e.l.f. Beauty currently has an average rating of "Moderate Buy" and a consensus price target of $132.88.

Institutional Trading of e.l.f. Beauty

A number of hedge funds have recently added to or reduced their stakes in the business. Aurora Investment Counsel purchased a new stake in shares of e.l.f. Beauty during the 1st quarter valued at about $294,000. Caas Capital Management LP lifted its stake in e.l.f. Beauty by 1,466.7% in the first quarter. Caas Capital Management LP now owns 4,700 shares of the company's stock valued at $295,000 after buying an additional 4,400 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in e.l.f. Beauty by 42.0% in the first quarter. Harbor Capital Advisors Inc. now owns 103,235 shares of the company's stock valued at $6,482,000 after buying an additional 30,530 shares during the last quarter. Vontobel Holding Ltd. lifted its stake in shares of e.l.f. Beauty by 165.6% in the 1st quarter. Vontobel Holding Ltd. now owns 15,181 shares of the company's stock worth $953,000 after acquiring an additional 9,466 shares during the period. Finally, Generate Investment Management Ltd bought a new stake in shares of e.l.f. Beauty in the 1st quarter worth $21,650,000. 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.

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