e.l.f. Beauty, Inc. (NYSE:ELF) Director Maureen C. Watson Sells 3,875 Shares

e.l.f. Beauty, Inc. (NYSE:ELF - Get Free Report) Director Maureen C. Watson sold 3,875 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $115.00, for a total transaction of $445,625.00. Following the completion of the transaction, the director now owns 1,888 shares of the company's stock, valued at approximately $217,120. This represents a 67.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

e.l.f. Beauty Price Performance

Shares of e.l.f. Beauty stock traded up $2.03 during trading hours on Friday, reaching $117.83. 1,992,555 shares of the company's stock were exchanged, compared to its average volume of 2,526,771. e.l.f. Beauty, Inc. has a 1 year low of $49.40 and a 1 year high of $219.77. The company has a market capitalization of $6.64 billion, a P/E ratio of 69.72, a price-to-earnings-growth ratio of 6.76 and a beta of 1.52. The business has a fifty day moving average of $72.37 and a two-hundred day moving average of $91.45. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its earnings results on Wednesday, May 28th. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $332.65 million during the quarter, compared to analyst estimates of $327.45 million. During the same quarter in the prior year, the firm earned $0.53 earnings per share. The company's revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, research analysts predict 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

A number of hedge funds have recently modified their holdings of the company. Truist Financial Corp grew its holdings in shares of e.l.f. Beauty by 1.3% in the fourth quarter. Truist Financial Corp now owns 7,885 shares of the company's stock valued at $990,000 after purchasing an additional 102 shares during the period. Arizona State Retirement System grew its holdings in shares of 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 valued at $2,055,000 after purchasing an additional 128 shares during the period. Treasurer of the State of North Carolina grew its holdings in shares of 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 valued at $2,967,000 after purchasing an additional 140 shares during the period. Atria Wealth Solutions Inc. grew its holdings in shares of e.l.f. Beauty by 7.7% in the fourth quarter. Atria Wealth Solutions Inc. now owns 2,089 shares of the company's stock valued at $262,000 after purchasing an additional 150 shares during the period. Finally, Horizon Investments LLC grew its holdings in shares of e.l.f. Beauty by 29.0% in the fourth quarter. Horizon Investments LLC now owns 742 shares of the company's stock valued at $93,000 after purchasing an additional 167 shares during the period. Hedge funds and other institutional investors own 92.44% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Robert W. Baird upped their price objective on shares of e.l.f. Beauty from $110.00 to $145.00 and gave the stock an "outperform" rating in a research report on Friday. Truist Financial upped their price objective on shares of e.l.f. Beauty from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Friday. The Goldman Sachs Group reduced their price objective on shares of e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Canaccord Genuity Group set a $114.00 price objective on shares of e.l.f. Beauty in a research report on Thursday, May 29th. Finally, Piper Sandler restated an "overweight" rating and set a $109.00 price objective (up from $81.00) on shares of e.l.f. Beauty in a research report on Thursday, May 29th. Five equities research 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 company. According to data from MarketBeat, e.l.f. Beauty presently has a consensus rating of "Moderate Buy" and an average 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.