e.l.f. Beauty, Inc. (NYSE:ELF - Get Free Report) insider Scott Milsten sold 11,860 shares of the company's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $115.56, for a total transaction of $1,370,541.60. Following the completion of the transaction, the insider now owns 118,836 shares of the company's stock, valued at $13,732,688.16. This trade represents a 9.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
e.l.f. Beauty Price Performance
Shares of e.l.f. Beauty stock traded up $1.43 during trading hours on Friday, hitting $117.23. The company's stock had a trading volume of 940,218 shares, compared to its average volume of 2,510,254. The company has a market cap of $6.61 billion, a PE ratio of 69.33, a PEG ratio of 6.76 and a beta of 1.31. 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 business has a 50 day moving average price of $71.30 and a two-hundred day moving average price of $91.67. e.l.f. Beauty, Inc. has a 12-month low of $49.40 and a 12-month high of $219.77.
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 for the quarter, beating the consensus estimate of $0.72 by $0.06. e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. The company had revenue of $332.65 million during the quarter, compared to analysts' expectations of $327.45 million. During the same period last year, the company posted $0.53 earnings per share. e.l.f. Beauty's quarterly revenue was up 3.6% on a year-over-year basis. Analysts expect that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.
Institutional Investors Weigh In On e.l.f. Beauty
Several large investors have recently added to or reduced their stakes in ELF. Baillie Gifford & Co. boosted its position in shares of e.l.f. Beauty by 51.0% during the fourth quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company's stock valued at $1,005,584,000 after buying an additional 2,703,742 shares during the period. Champlain Investment Partners LLC boosted its holdings in e.l.f. Beauty by 99.7% during the 4th quarter. Champlain Investment Partners LLC now owns 2,226,451 shares of the company's stock valued at $279,531,000 after acquiring an additional 1,111,550 shares during the period. William Blair Investment Management LLC boosted its holdings in e.l.f. Beauty by 40.9% during the 4th quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company's stock valued at $289,437,000 after acquiring an additional 669,321 shares during the period. Aspex Management HK Ltd bought a new position in e.l.f. Beauty in the 4th quarter valued at $73,576,000. Finally, Raymond James Financial Inc. purchased a new stake in e.l.f. Beauty in the fourth quarter worth $68,775,000. 92.44% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the company. DA Davidson decreased their price objective on e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Morgan Stanley boosted their price objective on shares of e.l.f. Beauty from $70.00 to $105.00 and gave the stock an "equal weight" rating in a report on Thursday, May 29th. Truist Financial increased their target price on shares of e.l.f. Beauty from $125.00 to $130.00 and gave the company a "buy" rating in a report on Friday. Jefferies Financial Group set a $115.00 price target on shares of e.l.f. Beauty and gave the company a "buy" rating in a research report on Thursday, May 29th. Finally, JPMorgan Chase & Co. boosted their target price on e.l.f. Beauty from $70.00 to $123.00 and gave the company an "overweight" rating in a research note on Friday, May 30th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $120.71.
Check Out Our Latest Analysis on ELF
About e.l.f. Beauty
(
Get Free Report)
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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