Kory Marchisotto Sells 51,350 Shares of e.l.f. Beauty, Inc. (NYSE:ELF) Stock

e.l.f. Beauty, Inc. (NYSE:ELF) insider Kory Marchisotto sold 51,350 shares of the company’s stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $53.36, for a total value of $2,740,036.00. Following the transaction, the insider now owns 152,492 shares of the company’s stock, valued at approximately $8,136,973.12. This represents a 25.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

e.l.f. Beauty Price Performance

Shares of ELF opened at $60.71 on Friday. The firm has a market cap of $3.42 billion, a PE ratio of 35.92, a P/E/G ratio of 6.76 and a beta of 1.41. e.l.f. Beauty, Inc. has a 1-year low of $49.40 and a 1-year high of $219.77. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. The firm has a fifty day simple moving average of $62.63 and a two-hundred day simple moving average of $97.90.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. On average, equities analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on ELF shares. DA Davidson reduced their price objective on shares of e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. Truist Financial decreased their price target on shares of e.l.f. Beauty from $100.00 to $75.00 and set a “buy” rating for the company in a research note on Thursday. Stifel Nicolaus cut their price objective on e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a research report on Monday, February 3rd. Piper Sandler decreased their target price on e.l.f. Beauty from $102.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, March 31st. Finally, Canaccord Genuity Group dropped their price target on e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Five equities research 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’s stock. According to MarketBeat.com, e.l.f. Beauty has a consensus rating of “Moderate Buy” and an average target price of $117.41.

Institutional Investors Weigh In On e.l.f. Beauty

A number of hedge funds have recently modified their holdings of ELF. Nisa Investment Advisors LLC raised its holdings in e.l.f. Beauty by 3.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,872 shares of the company’s stock worth $361,000 after purchasing an additional 91 shares during the period. Truist Financial Corp increased its position in e.l.f. Beauty by 1.3% in the fourth quarter. Truist Financial Corp now owns 7,885 shares of the company’s stock worth $990,000 after buying an additional 102 shares in the last quarter. Arizona State Retirement System raised its stake in shares of e.l.f. Beauty by 0.8% in the fourth quarter. Arizona State Retirement System now owns 16,365 shares of the company’s stock worth $2,055,000 after buying an additional 128 shares during the period. Treasurer of the State of North Carolina lifted its position in shares of e.l.f. Beauty by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 23,630 shares of the company’s stock valued at $2,967,000 after buying an additional 140 shares in the last quarter. Finally, Atria Wealth Solutions Inc. grew its stake in shares of e.l.f. Beauty by 7.7% during the 4th quarter. Atria Wealth Solutions Inc. now owns 2,089 shares of the company’s stock valued at $262,000 after acquiring an additional 150 shares during the period. Institutional investors own 92.44% of the company’s stock.

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.