e.l.f. Beauty (NYSE:ELF) Shares Down 0.3%

e.l.f. Beauty, Inc. (NYSE:ELF)’s stock price dropped 0.3% on Tuesday . The stock traded as low as $156.35 and last traded at $159.66. Approximately 390,763 shares changed hands during trading, a decline of 76% from the average daily volume of 1,658,830 shares. The stock had previously closed at $160.09.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. DA Davidson boosted their target price on shares of e.l.f. Beauty from $220.00 to $223.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Canaccord Genuity Group raised their target price on shares of e.l.f. Beauty from $214.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Truist Financial increased their price target on e.l.f. Beauty from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Raymond James restated a “strong-buy” rating and issued a $235.00 price target on shares of e.l.f. Beauty in a report on Monday, July 22nd. Finally, Piper Sandler reiterated an “overweight” rating and set a $260.00 price objective (up from $258.00) on shares of e.l.f. Beauty in a research note on Friday, August 9th. One investment analyst has rated the stock with a sell rating, two have given 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $216.43.

e.l.f. Beauty Stock Up 0.2 %

The stock has a market capitalization of $9.53 billion, a PE ratio of 76.04, a price-to-earnings-growth ratio of 3.66 and a beta of 1.46. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.60 and a quick ratio of 0.95. The business’s fifty day moving average price is $185.59 and its two-hundred day moving average price is $182.18.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, May 22nd. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.16. The firm had revenue of $321.14 million during the quarter, compared to analysts’ expectations of $292.47 million. e.l.f. Beauty had a net margin of 12.47% and a return on equity of 26.64%. On average, equities research analysts forecast that e.l.f. Beauty, Inc. will post 2.84 EPS for the current fiscal year.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, insider Jennifer Catherine Hartnett sold 9,808 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $184.96, for a total value of $1,814,087.68. Following the sale, the insider now owns 61,647 shares in the company, valued at approximately $11,402,229.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Tarang Amin sold 42,953 shares of e.l.f. Beauty stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $184.96, for a total value of $7,944,586.88. Following the sale, the chief executive officer now owns 258,667 shares of the company’s stock, valued at approximately $47,843,048.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jennifer Catherine Hartnett sold 9,808 shares of the company’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $184.96, for a total transaction of $1,814,087.68. Following the transaction, the insider now owns 61,647 shares of the company’s stock, valued at $11,402,229.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 97,390 shares of company stock worth $18,264,873. 5.20% of the stock is owned by corporate insiders.

Institutional Trading of e.l.f. Beauty

Institutional investors have recently modified their holdings of the stock. Ashton Thomas Private Wealth LLC purchased a new position in e.l.f. Beauty in the 2nd quarter valued at about $26,000. Matrix Trust Co acquired a new stake in shares of e.l.f. Beauty in the second quarter valued at approximately $27,000. Innealta Capital LLC acquired a new position in shares of e.l.f. Beauty during the 2nd quarter valued at about $30,000. Harbor Investment Advisory LLC purchased a new stake in shares of e.l.f. Beauty in the first quarter valued at about $31,000. Finally, Oakworth Capital Inc. acquired a new stake in e.l.f. Beauty during the first quarter worth about $33,000. Institutional investors and hedge funds 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.