e.l.f. Beauty, Inc. (NYSE:ELF) Insider Kory Marchisotto Sells 29,408 Shares

e.l.f. Beauty, Inc. (NYSE:ELF) insider Kory Marchisotto sold 29,408 shares of the firm’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $166.40, for a total transaction of $4,893,491.20. Following the transaction, the insider now directly owns 156,969 shares in the company, valued at approximately $26,119,641.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

e.l.f. Beauty Stock Down 6.4 %

e.l.f. Beauty stock traded down $10.78 during midday trading on Friday, reaching $156.73. The company’s stock had a trading volume of 2,661,299 shares, compared to its average volume of 1,564,087. e.l.f. Beauty, Inc. has a 52-week low of $83.80 and a 52-week high of $221.83. The stock has a market capitalization of $8.70 billion, a P/E ratio of 69.59, a PEG ratio of 1.54 and a beta of 1.57. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.50 and a quick ratio of 0.83. The stock’s 50-day simple moving average is $186.62 and its 200-day simple moving average is $148.57.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.47 by $0.11. The firm had revenue of $270.94 million during the quarter, compared to analyst estimates of $239.66 million. e.l.f. Beauty had a net margin of 14.53% and a return on equity of 28.98%. On average, sell-side analysts expect that e.l.f. Beauty, Inc. will post 2.5 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ELF shares. Piper Sandler increased their price objective on shares of e.l.f. Beauty from $225.00 to $228.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. Stifel Nicolaus increased their target price on 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. JPMorgan Chase & Co. boosted their price target on e.l.f. Beauty from $130.00 to $175.00 and gave the stock an “overweight” rating in a research report on Thursday, January 18th. Robert W. Baird assumed coverage on e.l.f. Beauty in a research report on Tuesday, January 30th. They set a “neutral” rating and a $185.00 price objective on the stock. Finally, DA Davidson reiterated a “buy” rating and issued a $220.00 target price on shares of e.l.f. Beauty in a report on Monday, April 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $184.33.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisor Group Holdings Inc. increased its holdings in shares of e.l.f. Beauty by 7.6% in the first quarter. Advisor Group Holdings Inc. now owns 6,765 shares of the company’s stock valued at $174,000 after purchasing an additional 476 shares during the period. Bank of New York Mellon Corp raised its position in e.l.f. Beauty by 1.1% during the 1st quarter. Bank of New York Mellon Corp now owns 428,775 shares of the company’s stock worth $11,076,000 after buying an additional 4,476 shares during the last quarter. Citigroup Inc. raised its position in e.l.f. Beauty by 12.4% during the 1st quarter. Citigroup Inc. now owns 41,711 shares of the company’s stock worth $1,077,000 after buying an additional 4,617 shares during the last quarter. AlphaCrest Capital Management LLC acquired a new stake in e.l.f. Beauty during the 1st quarter valued at approximately $342,000. Finally, MetLife Investment Management LLC boosted its holdings in shares of e.l.f. Beauty by 53.3% in the 1st quarter. MetLife Investment Management LLC now owns 26,424 shares of the company’s stock valued at $683,000 after acquiring an additional 9,189 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

About e.l.f. Beauty

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.