e.l.f. Beauty, Inc. (NYSE:ELF) Director Sells $269,560.00 in Stock

e.l.f. Beauty, Inc. (NYSE:ELF) Director Maureen C. Watson sold 4,000 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $67.39, for a total value of $269,560.00. Following the transaction, the director now owns 1,888 shares of the company’s stock, valued at $127,232.32. This represents a 67.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

e.l.f. Beauty Stock Performance

Shares of e.l.f. Beauty stock opened at $63.07 on Friday. The company has a market capitalization of $3.56 billion, a PE ratio of 37.32, a P/E/G ratio of 6.76 and a beta of 1.60. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. The company has a 50-day simple moving average of $93.16 and a two-hundred day simple moving average of $111.75. e.l.f. Beauty, Inc. has a one year low of $61.90 and a one year high of $219.77.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates 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%. Research analysts expect that e.l.f. Beauty, Inc. will post 2.38 EPS for the current fiscal year.

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

A number of large investors have recently added to or reduced their stakes in ELF. Baillie Gifford & Co. raised its holdings in e.l.f. Beauty by 51.0% in the fourth quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company’s stock worth $1,005,584,000 after purchasing an additional 2,703,742 shares in the last quarter. Champlain Investment Partners LLC acquired a new position in shares of e.l.f. Beauty during the third quarter valued at about $121,558,000. Swedbank AB acquired a new position in shares of e.l.f. Beauty during the third quarter valued at about $76,321,000. William Blair Investment Management LLC increased its holdings in shares of e.l.f. Beauty by 40.9% during the fourth quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company’s stock valued at $289,437,000 after acquiring an additional 669,321 shares in the last quarter. Finally, Aspex Management HK Ltd acquired a new position in shares of e.l.f. Beauty during the fourth quarter valued at about $73,576,000. 92.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ELF has been the subject of a number of research reports. Piper Sandler lowered their target price on e.l.f. Beauty from $167.00 to $131.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft began coverage on e.l.f. Beauty in a research report on Thursday, December 12th. They issued a “hold” rating and a $133.00 price target for the company. Morgan Stanley restated an “equal weight” rating and issued a $70.00 price target (down from $153.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. The Goldman Sachs Group lowered their price target on e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Finally, Stifel Nicolaus lowered their price target on e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating for the company in a research report on Monday, February 3rd. 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, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $132.94.

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.