e.l.f. Beauty, Inc. (NYSE:ELF) Short Interest Down 8.0% in June

e.l.f. Beauty, Inc. (NYSE:ELFGet Free Report) was the target of a large drop in short interest in June. As of June 15th, there was short interest totalling 3,450,000 shares, a drop of 8.0% from the May 31st total of 3,750,000 shares. Based on an average trading volume of 1,580,000 shares, the short-interest ratio is currently 2.2 days.

e.l.f. Beauty Price Performance

NYSE ELF traded down $2.24 during trading hours on Wednesday, hitting $201.99. The company had a trading volume of 580,303 shares, compared to its average volume of 1,591,870. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.95 and a current ratio of 1.60. The firm has a market capitalization of $11.30 billion, a price-to-earnings ratio of 90.99, a PEG ratio of 5.34 and a beta of 1.46. e.l.f. Beauty has a 52 week low of $88.47 and a 52 week high of $221.83. The firm has a 50 day simple moving average of $183.54 and a 200 day simple moving average of $176.03.

e.l.f. Beauty (NYSE:ELFGet Free Report) last announced its quarterly earnings results on Wednesday, May 22nd. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.16. The firm had revenue of $321.14 million for the quarter, compared to the consensus estimate of $292.47 million. e.l.f. Beauty had a net margin of 12.47% and a return on equity of 26.64%. Equities research analysts expect that e.l.f. Beauty will post 2.85 earnings per share for the current year.

Insider Buying and Selling at e.l.f. Beauty

In other news, CEO Tarang Amin sold 6,832 shares of the stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $162.63, for a total value of $1,111,088.16. Following the completion of the sale, the chief executive officer now owns 228,175 shares in the company, valued at $37,108,100.25. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Tarang Amin sold 6,832 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $162.63, for a total value of $1,111,088.16. Following the completion of the transaction, the chief executive officer now directly owns 228,175 shares of the company’s stock, valued at $37,108,100.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Richard G. Wolford sold 11,072 shares of e.l.f. Beauty stock in a transaction on Friday, June 7th. The stock was sold at an average price of $181.13, for a total value of $2,005,471.36. Following the sale, the director now owns 12,741 shares in the company, valued at $2,307,777.33. The disclosure for this sale can be found here. In the last three months, insiders have sold 256,167 shares of company stock worth $44,029,811. Corporate insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of e.l.f. Beauty by 27.8% in the second quarter. GAMMA Investing LLC now owns 451 shares of the company’s stock worth $95,000 after buying an additional 98 shares in the last quarter. Cetera Advisors LLC bought a new position in e.l.f. Beauty in the 1st quarter worth about $640,000. Cetera Investment Advisers raised its holdings in shares of e.l.f. Beauty by 492.9% in the 1st quarter. Cetera Investment Advisers now owns 29,380 shares of the company’s stock valued at $5,759,000 after acquiring an additional 24,425 shares in the last quarter. Hancock Whitney Corp bought a new stake in shares of e.l.f. Beauty during the 1st quarter valued at about $1,097,000. Finally, Motley Fool Asset Management LLC purchased a new position in shares of e.l.f. Beauty during the first quarter worth about $213,000. 92.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on ELF shares. Canaccord Genuity Group raised their price objective on shares of e.l.f. Beauty from $214.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. Raymond James restated a “strong-buy” rating and set a $235.00 price target (up previously from $215.00) on shares of e.l.f. Beauty in a research note on Friday, June 14th. Truist Financial upped their price objective on e.l.f. Beauty from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Stifel Nicolaus decreased their target price on e.l.f. Beauty from $167.00 to $151.00 and set a “hold” rating for the company in a research report on Monday, May 20th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $210.00 price target on shares of e.l.f. Beauty in a research report on Monday, June 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and a consensus target price of $198.93.

Get Our Latest Analysis on e.l.f. Beauty

About e.l.f. Beauty

(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.

Further Reading

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