Mandy J. Fields Sells 11,795 Shares of e.l.f. Beauty, Inc. (NYSE:ELF) Stock

e.l.f. Beauty, Inc. (NYSE:ELF - Get Free Report) insider Mandy J. Fields sold 11,795 shares of e.l.f. Beauty stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $115.56, for a total transaction of $1,363,030.20. Following the transaction, the insider now directly owns 121,333 shares of the company's stock, valued at $14,021,241.48. The trade was a 8.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

e.l.f. Beauty Stock Up 1.8%

e.l.f. Beauty stock traded up $2.03 during trading hours on Friday, reaching $117.83. The stock had a trading volume of 1,992,555 shares, compared to its average volume of 2,526,771. The company has a market cap of $6.64 billion, a price-to-earnings ratio of 69.72, a PEG ratio of 6.76 and a beta of 1.52. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17. The business's 50 day moving average price is $72.37 and its 200-day moving average price is $91.45. e.l.f. Beauty, Inc. has a 52 week low of $49.40 and a 52 week high of $219.77.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its earnings results on Wednesday, May 28th. The company reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.06. The business had revenue of $332.65 million during the quarter, compared to the consensus estimate of $327.45 million. e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. The firm's revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 earnings per share. Sell-side analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

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

A number of large investors have recently added to or reduced their stakes in the company. Truist Financial Corp raised its holdings in e.l.f. Beauty by 1.3% in the fourth quarter. Truist Financial Corp now owns 7,885 shares of the company's stock worth $990,000 after purchasing an additional 102 shares in the last quarter. Arizona State Retirement System raised its holdings in e.l.f. Beauty by 0.8% in the fourth quarter. Arizona State Retirement System now owns 16,365 shares of the company's stock worth $2,055,000 after purchasing an additional 128 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in e.l.f. Beauty by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 23,630 shares of the company's stock worth $2,967,000 after purchasing an additional 140 shares in the last quarter. Atria Wealth Solutions Inc. increased its holdings in shares of e.l.f. Beauty by 7.7% during the fourth quarter. Atria Wealth Solutions Inc. now owns 2,089 shares of the company's stock valued at $262,000 after acquiring an additional 150 shares in the last quarter. Finally, Horizon Investments LLC increased its holdings in shares of e.l.f. Beauty by 29.0% during the fourth quarter. Horizon Investments LLC now owns 742 shares of the company's stock valued at $93,000 after acquiring an additional 167 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ELF has been the subject of a number of recent analyst reports. Canaccord Genuity Group set a $114.00 target price on shares of e.l.f. Beauty in a research note on Thursday, May 29th. UBS Group boosted their target price on shares of e.l.f. Beauty from $59.00 to $84.00 and gave the company a "neutral" rating in a research note on Wednesday, May 21st. Piper Sandler reissued an "overweight" rating and set a $109.00 target price (up from $81.00) on shares of e.l.f. Beauty in a research note on Thursday, May 29th. The Goldman Sachs Group lowered their target price on shares of e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Finally, Jefferies Financial Group set a $115.00 target price on shares of e.l.f. Beauty and gave the company a "buy" rating in a research note on Thursday, May 29th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $120.71.

About e.l.f. Beauty

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.