e.l.f. Beauty (NYSE:ELF) Shares Down 1.8%

e.l.f. Beauty, Inc. (NYSE:ELF - Get Free Report) shares fell 1.8% on Friday . The stock traded as low as $162.94 and last traded at $164.50. 233,382 shares were traded during mid-day trading, a decline of 85% from the average session volume of 1,531,648 shares. The stock had previously closed at $167.51.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ELF. Bank of America boosted their price target on shares of e.l.f. Beauty from $200.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, March 6th. Stifel Nicolaus boosted their price target on shares of e.l.f. Beauty from $141.00 to $167.00 and gave the stock a "hold" rating in a research report on Wednesday, February 7th. Robert W. Baird began coverage on shares of e.l.f. Beauty in a research report on Tuesday, January 30th. They issued a "neutral" rating and a $185.00 price target on the stock. StockNews.com cut shares of e.l.f. Beauty from a "hold" rating to a "sell" rating in a research report on Wednesday, February 7th. Finally, DA Davidson restated a "buy" rating and issued a $220.00 price target on shares of e.l.f. Beauty in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $184.33.

e.l.f. Beauty Price Performance

The stock has a market capitalization of $8.70 billion, a PE ratio of 69.35, a price-to-earnings-growth ratio of 1.54 and a beta of 1.57. The company has a quick ratio of 0.83, a current ratio of 1.50 and a debt-to-equity ratio of 0.27. The stock's 50 day moving average price is $186.27 and its 200-day moving average price is $148.90.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its earnings results on Tuesday, February 6th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.11. The firm had revenue of $270.94 million during the quarter, compared to analyst estimates of $239.66 million. e.l.f. Beauty had a net margin of 14.53% and a return on equity of 28.98%. As a group, equities analysts forecast that e.l.f. Beauty, Inc. will post 2.5 EPS for the current year.

Insider Activity

In related news, CEO Tarang Amin sold 23,519 shares of the company's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $198.89, for a total value of $4,677,693.91. Following the completion of the sale, the chief executive officer now directly owns 10,889 shares of the company's stock, valued at $2,165,713.21. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other e.l.f. Beauty news, insider Kory Marchisotto sold 29,408 shares of the business's stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $166.40, for a total value of $4,893,491.20. Following the completion of the transaction, the insider now directly owns 156,969 shares in the company, valued at $26,119,641.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tarang Amin sold 23,519 shares of the business's stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $198.89, for a total transaction of $4,677,693.91. Following the completion of the transaction, the chief executive officer now owns 10,889 shares of the company's stock, valued at $2,165,713.21. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 164,325 shares of company stock valued at $28,081,154. 5.20% of the stock is currently owned by company insiders.

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

Large investors have recently added to or reduced their stakes in the company. Dark Forest Capital Management LP purchased a new position in shares of e.l.f. Beauty during the 1st quarter valued at approximately $27,000. Point72 Middle East FZE purchased a new position in shares of e.l.f. Beauty during the 4th quarter valued at approximately $28,000. Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of e.l.f. Beauty during the 3rd quarter valued at approximately $29,000. Armstrong Advisory Group Inc. lifted its holdings in e.l.f. Beauty by 390.2% in the 4th quarter. Armstrong Advisory Group Inc. now owns 201 shares of the company's stock valued at $29,000 after purchasing an additional 160 shares in the last quarter. Finally, Harbor Investment Advisory LLC purchased a new position in e.l.f. Beauty in the 1st quarter valued at $31,000. 92.44% of the stock is currently owned by institutional investors.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.