Insider Selling: e.l.f. Beauty Inc (NYSE:ELF) Insider Sells 27,000 Shares of Stock

e.l.f. Beauty Inc (NYSE:ELF) insider Scott Milsten sold 27,000 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $14.00, for a total value of $378,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Scott Milsten also recently made the following trade(s):

  • On Tuesday, June 18th, Scott Milsten sold 3,700 shares of e.l.f. Beauty stock. The shares were sold at an average price of $12.39, for a total value of $45,843.00.
  • On Tuesday, May 21st, Scott Milsten sold 3,700 shares of e.l.f. Beauty stock. The shares were sold at an average price of $12.02, for a total value of $44,474.00.
  • On Thursday, April 18th, Scott Milsten sold 3,700 shares of e.l.f. Beauty stock. The shares were sold at an average price of $12.69, for a total value of $46,953.00.
  • On Friday, April 5th, Scott Milsten sold 14,800 shares of e.l.f. Beauty stock. The shares were sold at an average price of $12.00, for a total value of $177,600.00.

NYSE ELF traded down $0.06 during trading hours on Thursday, reaching $16.84. The company’s stock had a trading volume of 444,999 shares, compared to its average volume of 726,323. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.22 and a current ratio of 3.30. The company has a 50-day moving average of $13.34. e.l.f. Beauty Inc has a 52 week low of $6.70 and a 52 week high of $17.27. The company has a market cap of $836.47 million, a PE ratio of 38.27, a PEG ratio of 18.92 and a beta of 2.38.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, May 8th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.01). e.l.f. Beauty had a positive return on equity of 8.88% and a negative net margin of 1.15%. The business had revenue of $66.14 million during the quarter, compared to the consensus estimate of $56.91 million. As a group, sell-side analysts forecast that e.l.f. Beauty Inc will post 0.15 EPS for the current fiscal year.

Several analysts have recently weighed in on the company. Citigroup set a $13.00 target price on e.l.f. Beauty and gave the company a “hold” rating in a research note on Monday, May 13th. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Jefferies Financial Group lifted their price target on PepsiCo from $123.00 to $134.00 and gave the stock a “hold” rating in a research note on Wednesday, July 10th. Zacks Investment Research downgraded Farmland Partners from a “hold” rating to a “sell” rating in a research note on Friday, July 12th. Finally, JPMorgan Chase & Co. initiated coverage on Pinduoduo in a research note on Tuesday, July 9th. They issued an “underweight” rating and a $20.48 price target for the company. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $12.86.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Morgan Stanley raised its stake in e.l.f. Beauty by 27.7% during the 3rd quarter. Morgan Stanley now owns 337,741 shares of the company’s stock valued at $4,300,000 after acquiring an additional 73,218 shares during the last quarter. Rhumbline Advisers grew its position in shares of e.l.f. Beauty by 49.2% in the 4th quarter. Rhumbline Advisers now owns 29,254 shares of the company’s stock valued at $253,000 after acquiring an additional 9,651 shares during the period. Boston Partners bought a new position in shares of e.l.f. Beauty in the 4th quarter valued at about $2,001,000. PNC Financial Services Group Inc. acquired a new stake in shares of e.l.f. Beauty during the 4th quarter worth about $32,000. Finally, California Public Employees Retirement System acquired a new stake in shares of e.l.f. Beauty during the 4th quarter worth about $151,000. 82.56% of the stock is currently owned by institutional investors.

About e.l.f. Beauty

e.l.f. Beauty, Inc, a beauty company, provides cosmetic and skin care products under the e.l.f. brand name worldwide. The company offers eye, lip, face, and skin care products, as well as kits and tools. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce and e.l.f.

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Insider Buying and Selling by Quarter for e.l.f. Beauty (NYSE:ELF)

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