Kory Marchisotto Sells 51,350 Shares of e.l.f. Beauty, Inc. (NYSE:ELF) Stock

e.l.f. Beauty, Inc. (NYSE:ELF - Get Free Report) insider Kory Marchisotto sold 51,350 shares of the firm's stock in a transaction on Monday, April 21st. The stock was sold at an average price of $53.36, for a total value of $2,740,036.00. Following the transaction, the insider now owns 152,492 shares in the company, valued at approximately $8,136,973.12. This trade represents a 25.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

e.l.f. Beauty Trading Up 1.3 %

NYSE ELF traded up $0.78 during trading on Friday, hitting $61.44. The stock had a trading volume of 2,209,189 shares, compared to its average volume of 2,354,956. The stock has a market capitalization of $3.47 billion, a price-to-earnings ratio of 36.36, a P/E/G ratio of 6.76 and a beta of 1.41. e.l.f. Beauty, Inc. has a one year low of $49.40 and a one year high of $219.77. 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 50 day simple moving average of $62.42 and a 200 day simple moving average of $97.55.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. Sell-side analysts predict that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

Analyst Ratings Changes

ELF has been the subject of a number of research analyst reports. B. Riley reiterated a "buy" rating and issued a $90.00 target price (down from $150.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. UBS Group cut their price target on shares of e.l.f. Beauty from $74.00 to $59.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Raymond James lowered their target price on e.l.f. Beauty from $120.00 to $85.00 and set a "strong-buy" rating on the stock in a research note on Thursday, April 17th. DA Davidson decreased their target price on e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Finally, Morgan Stanley reiterated an "equal weight" rating and issued a $70.00 price objective (down from $153.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $117.41.

Institutional Trading of e.l.f. Beauty

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Baillie Gifford & Co. grew its stake in e.l.f. Beauty by 51.0% in the 4th quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company's stock valued at $1,005,584,000 after acquiring an additional 2,703,742 shares during the period. Vanguard Group Inc. lifted its holdings in e.l.f. Beauty by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 5,497,208 shares of the company's stock valued at $690,174,000 after acquiring an additional 68,103 shares during the last quarter. William Blair Investment Management LLC raised its holdings in e.l.f. Beauty by 40.9% in 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 buying an additional 669,321 shares during the period. Champlain Investment Partners LLC lifted its holdings in shares of e.l.f. Beauty by 99.7% in the 4th quarter. Champlain Investment Partners LLC now owns 2,226,451 shares of the company's stock worth $279,531,000 after acquiring an additional 1,111,550 shares during the last quarter. Finally, Clearbridge Investments LLC raised its holdings in shares of e.l.f. Beauty by 17.5% in the 4th quarter. Clearbridge Investments LLC now owns 1,772,528 shares of the company's stock valued at $222,541,000 after buying an additional 264,296 shares during the period. 92.44% of the stock is owned by institutional investors and hedge funds.

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.