e.l.f. Beauty (NYSE:ELF) Insider Sells $7,478,979.36 in Stock

Key Points

• e.l.f. Beauty insider Scott Milsten sold 55,581 shares for approximately $7.48 million, decreasing his ownership by 33.09% to 112,406 shares.
• The company reported $0.89 EPS for the last quarter, surpassing analysts' expectations of $0.84, with revenues reaching $353.74 million, a 9% increase year-over-year.
• Institutional investors hold 92.44% of e.l.f. Beauty's stock, with several firms adjusting their stakes significantly during the first quarter.

e.l.f. Beauty (NYSE:ELF - Get Free Report) insider Scott Milsten sold 55,581 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $134.56, for a total transaction of $7,478,979.36. Following the transaction, the insider owned 112,406 shares in the company, valued at $15,125,351.36. The trade was a 33.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

e.l.f. Beauty Price Performance

NYSE ELF traded down $2.73 on Friday, reaching $135.34. 1,242,082 shares of the company's stock traded hands, compared to its average volume of 2,616,547. e.l.f. Beauty has a 12 month low of $49.40 and a 12 month high of $147.33. 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 stock has a 50-day simple moving average of $119.67 and a 200 day simple moving average of $94.42. The stock has a market cap of $8.03 billion, a PE ratio of 79.61, a P/E/G ratio of 3.26 and a beta of 1.59.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.89 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 business had revenue of $353.74 million for the quarter, compared to analysts' expectations of $348.99 million. During the same period last year, the business earned $1.10 earnings per share. The business's quarterly revenue was up 9.0% on a year-over-year basis. As a group, research analysts predict that e.l.f. Beauty will post 2.38 earnings per share for the current year.

Institutional Trading of e.l.f. Beauty

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Aurora Investment Counsel purchased a new position in e.l.f. Beauty during the first quarter valued at $294,000. Caas Capital Management LP increased its holdings in e.l.f. Beauty by 1,466.7% in the 1st quarter. Caas Capital Management LP now owns 4,700 shares of the company's stock worth $295,000 after buying an additional 4,400 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of e.l.f. Beauty by 42.0% during the 1st quarter. Harbor Capital Advisors Inc. now owns 103,235 shares of the company's stock valued at $6,482,000 after purchasing an additional 30,530 shares during the period. Vontobel Holding Ltd. grew its stake in shares of e.l.f. Beauty by 165.6% during the 1st quarter. Vontobel Holding Ltd. now owns 15,181 shares of the company's stock valued at $953,000 after purchasing an additional 9,466 shares during the period. Finally, Generate Investment Management Ltd purchased a new position in shares of e.l.f. Beauty during the 1st quarter valued at about $21,650,000. Hedge funds and other institutional investors own 92.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ELF. Deutsche Bank Aktiengesellschaft cut shares of e.l.f. Beauty from a "buy" rating to a "hold" rating and increased their price target for the company from $121.00 to $128.00 in a research report on Tuesday, September 2nd. Bank of America lifted their target price on shares of e.l.f. Beauty from $113.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday, June 20th. Raymond James Financial reiterated a "strong-buy" rating and set a $155.00 price target (up from $140.00) on shares of e.l.f. Beauty in a report on Monday. UBS Group cut their price target 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. Finally, JPMorgan Chase & Co. lowered their price objective on shares of 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 investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, e.l.f. Beauty presently has a consensus rating of "Moderate Buy" and an average price target of $131.73.

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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