e.l.f. Beauty (NYSE:ELF) Issues Earnings Results

e.l.f. Beauty (NYSE:ELF - Get Free Report) issued its earnings results on Wednesday. The company reported $0.78 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.06, RTT News reports. 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 for the quarter, compared to the consensus estimate of $327.45 million. During the same quarter last year, the firm posted $0.53 EPS. The business's revenue for the quarter was up 3.6% compared to the same quarter last year.

e.l.f. Beauty Stock Performance

Shares of NYSE ELF traded up $0.77 during trading on Friday, reaching $112.61. The stock had a trading volume of 5,858,897 shares, compared to its average volume of 2,501,977. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. The stock has a market cap of $6.35 billion, a PE ratio of 66.63, a P/E/G ratio of 6.76 and a beta of 1.31. e.l.f. Beauty has a one year low of $49.40 and a one year high of $219.77. The firm's 50 day moving average price is $67.23 and its two-hundred day moving average price is $91.66.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ELF shares. Robert W. Baird upped their target price on e.l.f. Beauty from $85.00 to $100.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 14th. Piper Sandler restated an "overweight" rating and issued a $109.00 price target (up previously from $81.00) on shares of e.l.f. Beauty in a report on Thursday. B. Riley reaffirmed a "buy" rating and issued a $90.00 price objective (down previously from $150.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Truist Financial boosted their target price on shares of e.l.f. Beauty from $75.00 to $125.00 and gave the stock a "buy" rating in a research report on Friday. Finally, Canaccord Genuity Group set a $114.00 price target on shares of e.l.f. Beauty in a report on Thursday. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, e.l.f. Beauty currently has an average rating of "Moderate Buy" and an average price target of $117.76.

Insider Buying and Selling

In other news, Director Maureen C. Watson sold 4,000 shares of the company's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $67.39, for a total transaction of $269,560.00. Following the completion of the transaction, the director now owns 1,888 shares in the company, valued at approximately $127,232.32. This represents a 67.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tarang Amin sold 97,915 shares of the stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $53.36, for a total transaction of $5,224,744.40. Following the completion of the sale, the chief executive officer now directly owns 181,289 shares in the company, valued at approximately $9,673,581.04. This trade represents a 35.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 223,001 shares of company stock worth $12,996,483 over the last ninety days. 3.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ELF. United Services Automobile Association acquired a new position in shares of e.l.f. Beauty during the first quarter worth approximately $240,000. NewEdge Advisors LLC boosted its position in e.l.f. Beauty by 176.4% during the 1st quarter. NewEdge Advisors LLC now owns 4,677 shares of the company's stock worth $294,000 after acquiring an additional 2,985 shares during the period. Integrated Wealth Concepts LLC boosted its position in e.l.f. Beauty by 168.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 6,483 shares of the company's stock worth $407,000 after acquiring an additional 4,069 shares during the period. Finally, Royal Bank of Canada grew its stake in shares of e.l.f. Beauty by 9.9% in the first quarter. Royal Bank of Canada now owns 153,682 shares of the company's stock worth $9,650,000 after purchasing an additional 13,851 shares in the last quarter. Institutional investors own 92.44% of the company's stock.

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.