e.l.f. Beauty (NYSE:ELF) Trading Down 4.2% - Time to Sell?

e.l.f. Beauty (NYSE:ELF - Get Free Report) shares fell 4.2% during trading on Tuesday . The stock traded as low as $116.90 and last traded at $117.29. 406,076 shares were traded during mid-day trading, a decline of 84% from the average session volume of 2,535,774 shares. The stock had previously closed at $122.39.

Analyst Ratings Changes

ELF has been the subject of several research reports. UBS Group lifted their price objective on e.l.f. Beauty from $59.00 to $84.00 and gave the stock a "neutral" rating in a report on Wednesday, May 21st. Raymond James Financial boosted their price target on e.l.f. Beauty from $95.00 to $105.00 and gave the stock a "strong-buy" rating in a report on Thursday, May 29th. Piper Sandler reissued an "overweight" rating and issued a $109.00 price target (up from $81.00) on shares of e.l.f. Beauty in a report on Thursday, May 29th. Jefferies Financial Group set a $115.00 price target on e.l.f. Beauty and gave the stock a "buy" rating in a report on Thursday, May 29th. Finally, Bank of America lifted their price objective on e.l.f. Beauty from $113.00 to $135.00 and gave the company a "buy" rating in a research report on Friday, June 20th. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, e.l.f. Beauty currently has a consensus rating of "Moderate Buy" and a consensus price target of $118.88.

e.l.f. Beauty Price Performance

The business's 50-day moving average price is $101.45 and its two-hundred day moving average price is $90.10. The firm has a market cap of $6.45 billion, a price-to-earnings ratio of 59.33, a P/E/G ratio of 3.10 and a beta of 1.52. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.05 and a quick ratio of 2.00.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its earnings results on Wednesday, May 28th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.06. The company had revenue of $332.65 million for the quarter, compared to analysts' expectations of $327.45 million. e.l.f. Beauty had a return on equity of 17.98% and a net margin of 8.53%. The firm's quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the business posted $0.53 earnings per share. On average, research analysts forecast that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

Insider Buying and Selling at e.l.f. Beauty

In related news, insider Scott Milsten sold 1,442 shares of e.l.f. Beauty stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $114.78, for a total transaction of $165,512.76. Following the sale, the insider directly owned 117,394 shares in the company, valued at $13,474,483.32. The trade was a 1.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kory Marchisotto sold 1,496 shares of e.l.f. Beauty stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $117.61, for a total value of $175,944.56. Following the transaction, the insider directly owned 158,303 shares in the company, valued at approximately $18,618,015.83. The trade was a 0.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 327,207 shares of company stock valued at $25,252,926. 3.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On e.l.f. Beauty

Institutional investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp lifted its holdings in e.l.f. Beauty by 32.3% in the 4th quarter. Jones Financial Companies Lllp now owns 4,416 shares of the company's stock worth $554,000 after purchasing an additional 1,079 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in e.l.f. Beauty by 157.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,805 shares of the company's stock valued at $352,000 after acquiring an additional 1,717 shares during the period. Keybank National Association OH bought a new stake in e.l.f. Beauty in the fourth quarter valued at $413,000. Atria Investments Inc boosted its stake in e.l.f. Beauty by 15.5% in the fourth quarter. Atria Investments Inc now owns 9,606 shares of the company's stock worth $1,206,000 after purchasing an additional 1,292 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of e.l.f. Beauty during the fourth quarter valued at $2,459,000. Hedge funds and other 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.

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