Scott Milsten Sells 530 Shares of e.l.f. Beauty, Inc. (NYSE:ELF) Stock

by · The Cerbat Gem

e.l.f. Beauty, Inc. (NYSE:ELF – Get Free Report) insider Scott Milsten sold 530 shares of e.l.f. Beauty stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $72,928.00. Following the sale, the insider now directly owns 68,853 shares in the company, valued at approximately $9,474,172.80. This trade represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

e.l.f. Beauty Stock Up 0.7 %

NYSE ELF opened at $138.58 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78. e.l.f. Beauty, Inc. has a 52 week low of $98.50 and a 52 week high of $221.83. The stock has a market capitalization of $7.81 billion, a P/E ratio of 74.91, a price-to-earnings-growth ratio of 3.06 and a beta of 1.49. The stock has a fifty day moving average of $117.75 and a 200-day moving average of $149.71.

e.l.f. Beauty (NYSE:ELF – Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.34. The firm had revenue of $301.10 million during the quarter, compared to analysts’ expectations of $289.43 million. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The company’s quarterly revenue was up 39.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.66 EPS. On average, equities research analysts forecast that e.l.f. Beauty, Inc. will post 2.8 EPS for the current year.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Picton Mahoney Asset Management increased its stake in shares of e.l.f. Beauty by 3.2% in the 2nd quarter. Picton Mahoney Asset Management now owns 2,430 shares of the company’s stock valued at $512,000 after acquiring an additional 75 shares during the last quarter. Hanseatic Management Services Inc. increased its stake in e.l.f. Beauty by 1.7% in the second quarter. Hanseatic Management Services Inc. now owns 4,507 shares of the company’s stock valued at $950,000 after purchasing an additional 77 shares in the last quarter. Portside Wealth Group LLC raised its holdings in e.l.f. Beauty by 3.2% in the second quarter. Portside Wealth Group LLC now owns 2,982 shares of the company’s stock worth $628,000 after purchasing an additional 93 shares during the period. Evergreen Capital Management LLC boosted its position in shares of e.l.f. Beauty by 2.1% during the second quarter. Evergreen Capital Management LLC now owns 4,777 shares of the company’s stock worth $1,007,000 after purchasing an additional 99 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of e.l.f. Beauty in the 2nd quarter valued at $26,000. 92.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ELF. Piper Sandler restated an “overweight” rating and issued a $165.00 price objective (up previously from $162.00) on shares of e.l.f. Beauty in a research note on Thursday, November 7th. Robert W. Baird lowered their price objective on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. Canaccord Genuity Group cut their target price on e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Jefferies Financial Group lowered their price target on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Finally, TD Cowen cut their price objective on e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $173.53.

View Our Latest Research Report on ELF

e.l.f. Beauty Company Profile

(Get Free Report)

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.

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