Insider Selling: e.l.f. Beauty (NYSE:ELF) Insider Sells 16,065 Shares of Stock

Key Points

• Insider sale: e.l.f. Beauty insider Mandy Fields sold 16,065 shares at an average price of $104.52, totaling approximately $1.68 million. Her remaining stake fell 15.02% to 90,896 shares.
• Strong quarterly results: The company reported $1.75 in quarterly EPS, beating estimates of $0.71, while revenue rose 35.5% year over year to $479.37 million.
• Analyst sentiment remains positive: Analysts rate the stock “Moderate Buy,” with an average price target of $92.12, while shares recently traded at $95.92. Institutional investors own 92.44% of the company.

e.l.f. Beauty (NYSE:ELF - Get Free Report) insider Mandy Fields sold 16,065 shares of the company's stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $104.52, for a total value of $1,679,113.80. Following the transaction, the insider directly owned 90,896 shares in the company, valued at $9,500,449.92. This represents a 15.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

e.l.f. Beauty Stock Performance

Shares of ELF stock traded down $4.17 on Thursday, hitting $95.92. 1,446,726 shares of the stock were exchanged, compared to its average volume of 2,723,964. The firm's 50 day moving average is $89.76 and its two-hundred day moving average is $74.38. e.l.f. Beauty has a one year low of $48.82 and a one year high of $150.99. The firm has a market capitalization of $5.66 billion, a PE ratio of 95.92, a P/E/G ratio of 3.24 and a beta of 1.60. The company has a current ratio of 2.55, a quick ratio of 1.82 and a debt-to-equity ratio of 0.69.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $1.04. The business had revenue of $479.37 million for the quarter, compared to analysts' expectations of $431.20 million. e.l.f. Beauty had a return on equity of 14.07% and a net margin of 3.38%.The firm's quarterly revenue was up 35.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.89 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. Sell-side analysts expect that e.l.f. Beauty will post 2.64 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its stake in e.l.f. Beauty by 58.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company's stock valued at $39,000 after buying an additional 117 shares during the period. Greenwood Capital Associates LLC increased its stake in e.l.f. Beauty by 2.4% in the 2nd quarter. Greenwood Capital Associates LLC now owns 5,436 shares of the company's stock worth $402,000 after acquiring an additional 125 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in e.l.f. Beauty by 97.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company's stock worth $32,000 after acquiring an additional 128 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in e.l.f. Beauty by 0.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 17,246 shares of the company's stock worth $2,285,000 after acquiring an additional 144 shares during the last quarter. Finally, California State Teachers Retirement System raised its holdings in shares of e.l.f. Beauty by 0.3% in the 2nd quarter. California State Teachers Retirement System now owns 52,055 shares of the company's stock valued at $6,478,000 after acquiring an additional 152 shares in the last quarter. Institutional investors own 92.44% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on ELF. The Goldman Sachs Group set a $100.00 price objective on shares of e.l.f. Beauty in a report on Thursday, August 6th. JPMorgan Chase & Co. lowered their target price on shares of e.l.f. Beauty from $111.00 to $106.00 and set an "overweight" rating on the stock in a report on Wednesday, August 19th. Jefferies Financial Group increased their target price on e.l.f. Beauty from $72.00 to $100.00 and gave the stock a "buy" rating in a research report on Tuesday, July 28th. Canaccord Genuity Group raised their price target on e.l.f. Beauty from $110.00 to $123.00 and gave the stock a "buy" rating in a report on Thursday, August 27th. Finally, Bank of America reduced their price target on e.l.f. Beauty from $93.00 to $85.00 and set a "buy" rating for the company in a research report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, e.l.f. Beauty currently has an average rating of "Moderate Buy" and an average target price of $92.12.

e.l.f. Beauty Company Profile

e.l.f. Beauty NYSE: ELF is an American cosmetics company known for offering an extensive range of affordable, trend-driven makeup and skincare products. The company's portfolio spans foundations, lipsticks, mascaras, brushes, serums, masks and other beauty essentials, all positioned at accessible price points. e.l.f. Beauty maintains a direct-to-consumer platform through its e-commerce site and engages in widespread retail partnerships with major chains such as Target, Walmart, Ulta Beauty and Amazon.

Founded in 2004 and headquartered in Oakland, California, e.l.f.

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