e.l.f. Beauty, Inc. (NYSE:ELF) Insider Scott Milsten Sells 1,442 Shares

e.l.f. Beauty, Inc. (NYSE:ELF - Get Free Report) insider Scott Milsten sold 1,442 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $114.78, for a total transaction of $165,512.76. Following the sale, the insider now owns 117,394 shares in the company, valued at approximately $13,474,483.32. The trade was a 1.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Scott Milsten also recently made the following trade(s):

• On Wednesday, June 4th, Scott Milsten sold 11,860 shares of e.l.f. Beauty stock. The stock was sold at an average price of $115.56, for a total value of $1,370,541.60.

e.l.f. Beauty Stock Performance

e.l.f. Beauty stock traded up $1.42 during mid-day trading on Tuesday, hitting $117.93. 2,093,229 shares of the company's stock traded hands, compared to its average volume of 2,527,909. 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 firm has a 50 day simple moving average of $73.35 and a two-hundred day simple moving average of $91.17. e.l.f. Beauty, Inc. has a fifty-two week low of $49.40 and a fifty-two week high of $219.77. The stock has a market cap of $6.64 billion, a price-to-earnings ratio of 69.78, a P/E/G ratio of 6.76 and a beta of 1.52.

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ELF shares. Canaccord Genuity Group set a $114.00 price target on e.l.f. Beauty in a research report on Thursday, May 29th. Truist Financial raised their target price on shares of e.l.f. Beauty from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Friday. The Goldman Sachs Group lowered their price target on shares of e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Morgan Stanley increased their price objective on shares of e.l.f. Beauty from $70.00 to $105.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 29th. Finally, Jefferies Financial Group set a $115.00 target price on e.l.f. Beauty and gave the company a "buy" rating in a research report on Thursday, May 29th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $120.71.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ELF. Nemes Rush Group LLC acquired a new stake in e.l.f. Beauty during the fourth quarter worth approximately $27,000. Orion Capital Management LLC bought a new stake in shares of e.l.f. Beauty during the 4th quarter valued at $30,000. Promus Capital LLC acquired a new stake in shares of e.l.f. Beauty during the 4th quarter worth $31,000. Kestra Investment Management LLC acquired a new stake in shares of e.l.f. Beauty during the 4th quarter worth $32,000. Finally, Wilmington Savings Fund Society FSB increased its holdings in e.l.f. Beauty by 84.9% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 429 shares of the company's stock valued at $54,000 after buying an additional 197 shares during the period. 92.44% of the stock is owned by institutional investors.

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.