e.l.f. Beauty (NYSE:ELF) Trading Down 0.1%

e.l.f. Beauty, Inc. (NYSE:ELF – Get Free Report)’s stock price was down 0.1% during trading on Friday . The company traded as low as $193.90 and last traded at $196.03. Approximately 957,685 shares traded hands during trading, a decline of 24% from the average daily volume of 1,265,852 shares. The stock had previously closed at $196.25.

Wall Street Analysts Forecast Growth

ELF has been the subject of a number of recent research reports. Bank of America increased their price objective on shares of e.l.f. Beauty from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. DA Davidson reiterated a “buy” rating and set a $220.00 target price on shares of e.l.f. Beauty in a research note on Thursday, March 21st. StockNews.com cut shares of e.l.f. Beauty from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. Stifel Nicolaus boosted their price objective on shares of e.l.f. Beauty from $141.00 to $167.00 and gave the company a “hold” rating in a research report on Wednesday, February 7th. Finally, Robert W. Baird assumed coverage on e.l.f. Beauty in a report on Tuesday, January 30th. They issued a “neutral” rating and a $185.00 target price for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, e.l.f. Beauty presently has an average rating of “Moderate Buy” and a consensus price target of $186.58.

Get Our Latest Stock Report on ELF

e.l.f. Beauty Stock Down 0.1 %

The company has a market cap of $10.88 billion, a price-to-earnings ratio of 86.74, a P/E/G ratio of 2.20 and a beta of 1.60. The stock’s 50-day moving average is $184.78 and its 200-day moving average is $143.43. The company has a current ratio of 1.50, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27.

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, topping analysts’ consensus estimates of $0.47 by $0.11. The company had revenue of $270.94 million for the quarter, compared to analysts’ expectations of $239.66 million. e.l.f. Beauty had a return on equity of 28.98% and a net margin of 14.53%. On average, analysts anticipate that e.l.f. Beauty, Inc. will post 2.49 earnings per share for the current fiscal year.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,142 shares of e.l.f. Beauty stock in a transaction on Friday, January 5th. The shares were sold at an average price of $139.44, for a total transaction of $3,226,920.48. Following the transaction, the chief executive officer now directly owns 44,263 shares of the company’s stock, valued at approximately $6,172,032.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Joshua Allen Franks sold 200 shares of the business’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $152.53, for a total value of $30,506.00. Following the transaction, the senior vice president now directly owns 91,003 shares of the company’s stock, valued at approximately $13,880,687.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Tarang Amin sold 23,142 shares of the stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $139.44, for a total transaction of $3,226,920.48. Following the transaction, the chief executive officer now owns 44,263 shares of the company’s stock, valued at approximately $6,172,032.72. The disclosure for this sale can be found here. Insiders have sold a total of 61,922 shares of company stock valued at $10,145,374 over the last 90 days. Insiders own 5.20% of the company’s stock.

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

Hedge funds have recently modified their holdings of the stock. FMR LLC raised its stake in shares of e.l.f. Beauty by 641.2% during the 3rd quarter. FMR LLC now owns 832,404 shares of the company’s stock valued at $91,423,000 after purchasing an additional 720,098 shares during the period. First Dallas Securities Inc. bought a new position in shares of e.l.f. Beauty in the third quarter worth $3,569,000. William Blair Investment Management LLC raised its position in shares of e.l.f. Beauty by 58.2% in the third quarter. William Blair Investment Management LLC now owns 1,424,268 shares of the company’s stock worth $156,427,000 after buying an additional 523,903 shares in the last quarter. QRG Capital Management Inc. bought a new stake in e.l.f. Beauty during the third quarter valued at $301,000. Finally, Massachusetts Financial Services Co. MA grew its position in e.l.f. Beauty by 1,209.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 157,205 shares of the company’s stock worth $17,266,000 after buying an additional 145,196 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

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.