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

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 value of $445,625.00. Following the transaction, the director now owns 1,888 shares of the company's stock, valued at approximately $217,120. The trade was a 67.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

e.l.f. Beauty Trading Up 1.3%

NYSE ELF traded up $1.47 during trading hours on Friday, hitting $117.27. The company's stock had a trading volume of 971,732 shares, compared to its average volume of 2,510,398. The stock has a fifty day moving average of $71.30 and a 200 day moving average of $91.67. e.l.f. Beauty, Inc. has a twelve month low of $49.40 and a twelve month high of $219.77. The firm has a market capitalization of $6.61 billion, a P/E ratio of 69.36, a PEG ratio of 6.76 and a beta of 1.31. 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 announced its earnings results on Wednesday, May 28th. The company reported $0.78 EPS for the quarter, topping 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 for the quarter, compared to analysts' expectations of $327.45 million. During the same period last year, the firm earned $0.53 earnings per share. The business's revenue for the quarter was up 3.6% on a year-over-year basis. Equities research analysts forecast that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Nemes Rush Group LLC bought a new stake in shares of e.l.f. Beauty during the 4th quarter worth $27,000. Orion Capital Management LLC purchased a new stake in e.l.f. Beauty during the fourth quarter valued at about $30,000. Promus Capital LLC purchased a new position in e.l.f. Beauty in the 4th quarter worth $31,000. Kestra Investment Management LLC bought a new stake in e.l.f. Beauty during the 4th quarter valued at $32,000. Finally, Golden State Wealth Management LLC purchased a new stake in e.l.f. Beauty in the 1st quarter worth approximately $33,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on ELF. Canaccord Genuity Group set a $114.00 price objective on shares of e.l.f. Beauty in a research note on Thursday, May 29th. The Goldman Sachs Group dropped 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 report on Friday, February 21st. DA Davidson decreased their price target on e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Bank of America increased their price objective on e.l.f. Beauty from $80.00 to $95.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Finally, JPMorgan Chase & Co. increased their target price on shares of e.l.f. Beauty from $70.00 to $123.00 and gave the company an "overweight" rating in a research report on Friday, May 30th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $120.71.

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.