e.l.f. Beauty, Inc. (NYSE:ELF) Director Maureen C. Watson Sells 4,000 Shares of Stock

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

e.l.f. Beauty Stock Down 6.0 %

ELF stock opened at $69.58 on Wednesday. e.l.f. Beauty, Inc. has a 1-year low of $61.90 and a 1-year high of $219.77. The firm has a market cap of $3.92 billion, a price-to-earnings ratio of 41.17, a PEG ratio of 6.76 and a beta of 1.60. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17. The firm has a fifty day moving average price of $95.51 and a two-hundred day moving average price of $112.40.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing the consensus estimate 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 predict that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

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

A number of large investors have recently made changes to their positions in ELF. Wilmington Savings Fund Society FSB bought a new stake in e.l.f. Beauty during the third quarter worth approximately $25,000. Nemes Rush Group LLC bought a new stake in e.l.f. Beauty during the fourth quarter worth approximately $27,000. Orion Capital Management LLC bought a new stake in e.l.f. Beauty during the fourth quarter worth approximately $30,000. Promus Capital LLC bought a new stake in shares of e.l.f. Beauty in the fourth quarter valued at approximately $31,000. Finally, Kestra Investment Management LLC bought a new stake in shares of e.l.f. Beauty in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analyst Upgrades and Downgrades

ELF has been the topic of a number of research reports. Morgan Stanley reaffirmed an “equal weight” rating and issued a $70.00 price target (down previously from $153.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Stifel Nicolaus cut their target price on shares of 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. Deutsche Bank Aktiengesellschaft initiated coverage on e.l.f. Beauty in a research note on Thursday, December 12th. They set a “hold” rating and a $133.00 price objective on the stock. UBS Group restated a “neutral” rating and issued a $74.00 price objective (down from $158.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Finally, Truist Financial raised their price target on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, e.l.f. Beauty has an average rating of “Moderate Buy” and a consensus price target of $132.94.

About e.l.f. Beauty

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.