Maureen C. Watson Sells 785 Shares of e.l.f. Beauty, Inc. (NYSE:ELF) Stock

e.l.f. Beauty, Inc. (NYSE:ELF) Director Maureen C. Watson sold 785 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $130.00, for a total transaction of $102,050.00. Following the completion of the sale, the director now directly owns 1,888 shares in the company, valued at $245,440. This represents a 29.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

e.l.f. Beauty Price Performance

Shares of NYSE:ELF opened at $127.39 on Wednesday. The firm’s 50 day moving average price is $114.35 and its 200-day moving average price is $150.91. e.l.f. Beauty, Inc. has a twelve month low of $98.50 and a twelve month high of $221.83. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $7.18 billion, a PE ratio of 68.86, a price-to-earnings-growth ratio of 2.86 and a beta of 1.49.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.34. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The firm had revenue of $301.10 million for the quarter, compared to analysts’ expectations of $289.43 million. During the same quarter in the prior year, the business earned $0.66 EPS. The business’s quarterly revenue was up 39.7% on a year-over-year basis. Equities research analysts expect that e.l.f. Beauty, Inc. will post 2.8 EPS for the current year.

Institutional Investors Weigh In On e.l.f. Beauty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ELF. Wilmington Savings Fund Society FSB bought a new stake in e.l.f. Beauty during the 3rd quarter worth approximately $25,000. Ashton Thomas Private Wealth LLC bought a new stake in e.l.f. Beauty during the 2nd quarter worth approximately $26,000. Matrix Trust Co bought a new stake in e.l.f. Beauty during the 2nd quarter worth approximately $27,000. Innealta Capital LLC bought a new stake in e.l.f. Beauty during the 2nd quarter worth approximately $30,000. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in e.l.f. Beauty by 405.9% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock worth $36,000 after acquiring an additional 138 shares during the period. Institutional investors own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. TD Cowen cut their price objective on shares of e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. Robert W. Baird cut their price objective on shares of e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st. Jefferies Financial Group cut their price objective on shares of e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. B. Riley cut their price objective on shares of e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Finally, Truist Financial cut their price objective on shares of e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $173.53.

e.l.f. Beauty Company Profile

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.