e.l.f. Beauty (NYSE:ELF) Trading Down 2.4%

Shares of e.l.f. Beauty, Inc. (NYSE:ELF) traded down 2.4% on Tuesday . The stock traded as low as $151.07 and last traded at $152.36. 343,242 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 1,661,480 shares. The stock had previously closed at $156.09.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ELF shares. Raymond James reaffirmed a “strong-buy” rating and set a $235.00 price objective on shares of e.l.f. Beauty in a research report on Monday, July 22nd. Truist Financial lifted their price target on shares of e.l.f. Beauty from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Bank of America increased their price objective on shares of e.l.f. Beauty from $220.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. JPMorgan Chase & Co. cut their target price on shares of e.l.f. Beauty from $224.00 to $207.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Finally, Baird R W upgraded shares of e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 18th. 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $216.43.

e.l.f. Beauty Price Performance

The company has a quick ratio of 0.95, a current ratio of 1.60 and a debt-to-equity ratio of 0.25. The stock has a market cap of $8.46 billion, a P/E ratio of 68.63, a P/E/G ratio of 3.66 and a beta of 1.46. The firm has a 50 day moving average price of $183.77 and a 200 day moving average price of $182.18.

Insiders Place Their Bets

In other e.l.f. Beauty news, CEO Tarang Amin sold 548 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $175.00, for a total value of $95,900.00. Following the completion of the transaction, the chief executive officer now directly owns 214,507 shares in the company, valued at $37,538,725. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 3,370 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $201.28, for a total value of $678,313.60. Following the completion of the transaction, the senior vice president now directly owns 71,986 shares in the company, valued at approximately $14,489,342.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Tarang Amin sold 548 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $175.00, for a total transaction of $95,900.00. Following the completion of the transaction, the chief executive officer now directly owns 214,507 shares in the company, valued at approximately $37,538,725. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 97,390 shares of company stock worth $18,264,873. Company insiders own 5.20% of the company’s stock.

Institutional Trading of e.l.f. Beauty

A number of institutional investors and hedge funds have recently bought and sold shares of ELF. Cetera Investment Advisers grew its holdings in e.l.f. Beauty by 33.8% during the 2nd quarter. Cetera Investment Advisers now owns 39,319 shares of the company’s stock valued at $8,285,000 after buying an additional 9,939 shares in the last quarter. Truist Financial Corp boosted its position in shares of e.l.f. Beauty by 60.6% during the 2nd quarter. Truist Financial Corp now owns 6,824 shares of the company’s stock valued at $1,438,000 after acquiring an additional 2,576 shares during the last quarter. Regal Investment Advisors LLC grew its holdings in shares of e.l.f. Beauty by 84.2% in the second quarter. Regal Investment Advisors LLC now owns 8,328 shares of the company’s stock valued at $1,755,000 after purchasing an additional 3,808 shares in the last quarter. Creative Planning grew its holdings in shares of e.l.f. Beauty by 18.9% in the second quarter. Creative Planning now owns 21,489 shares of the company’s stock valued at $4,528,000 after purchasing an additional 3,421 shares in the last quarter. Finally, Scientech Research LLC increased its position in e.l.f. Beauty by 66.4% in the second quarter. Scientech Research LLC now owns 5,275 shares of the company’s stock worth $1,112,000 after purchasing an additional 2,104 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors.

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.