e.l.f. Beauty (NYSE:ELF) Director Sells 1,034 Shares

e.l.f. Beauty (NYSE:ELF) Director Lauren Cooks Levitan sold 1,034 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $93.15, for a total value of $96,317.10. Following the sale, the director directly owned 10,516 shares of the company’s stock, valued at $979,565.40. This represents a 8.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

e.l.f. Beauty Trading Down 1.0%

Shares of NYSE ELF traded down $1.04 during mid-day trading on Thursday, hitting $98.61. The company’s stock had a trading volume of 2,077,812 shares, compared to its average volume of 2,825,735. e.l.f. Beauty has a one year low of $48.82 and a one year high of $150.99. The company’s fifty day simple moving average is $77.92 and its 200-day simple moving average is $71.88. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.55 and a quick ratio of 1.82. The stock has a market cap of $5.82 billion, a price-to-earnings ratio of 98.61, a price-to-earnings-growth ratio of 2.91 and a beta of 1.58.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $0.71 by $1.04. e.l.f. Beauty had a net margin of 3.38% and a return on equity of 14.07%. The business had revenue of $479.37 million for the quarter, compared to analyst estimates of $431.20 million. During the same period in the prior year, the business posted $0.89 earnings per share. e.l.f. Beauty’s revenue was up 35.5% compared to the same quarter last year. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. On average, sell-side analysts anticipate that e.l.f. Beauty will post 2.61 earnings per share for the current fiscal year.

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

Several large investors have recently made changes to their positions in ELF. Royal Bank of Canada raised its holdings in shares of e.l.f. Beauty by 9.9% during the first quarter. Royal Bank of Canada now owns 153,682 shares of the company’s stock worth $9,650,000 after acquiring an additional 13,851 shares during the period. Integrated Wealth Concepts LLC boosted its position in e.l.f. Beauty by 168.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 6,483 shares of the company’s stock worth $407,000 after acquiring an additional 4,069 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of e.l.f. Beauty by 176.4% during the 1st quarter. NewEdge Advisors LLC now owns 4,677 shares of the company’s stock worth $294,000 after acquiring an additional 2,985 shares in the last quarter. United Services Automobile Association bought a new position in shares of e.l.f. Beauty during the 1st quarter worth approximately $240,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of e.l.f. Beauty by 58.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock valued at $39,000 after purchasing an additional 117 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

Wall Street Analysts Forecast Growth

ELF has been the subject of a number of recent analyst reports. Citigroup upped their price objective on e.l.f. Beauty from $87.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. The Goldman Sachs Group set a $100.00 price target on shares of e.l.f. Beauty in a research report on Thursday, August 6th. Sanford C. Bernstein lifted their price objective on shares of e.l.f. Beauty from $113.00 to $121.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Canaccord Genuity Group boosted their price objective on shares of e.l.f. Beauty from $97.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Robert W. Baird set a $105.00 target price on shares of e.l.f. Beauty in a research note on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $91.31.

About e.l.f. Beauty

e.l.f. Beauty (NYSE: ELF) is an American cosmetics company known for offering an extensive range of affordable, trend-driven makeup and skincare products. The company’s portfolio spans foundations, lipsticks, mascaras, brushes, serums, masks and other beauty essentials, all positioned at accessible price points. e.l.f. Beauty maintains a direct-to-consumer platform through its e-commerce site and engages in widespread retail partnerships with major chains such as Target, Walmart, Ulta Beauty and Amazon.

Founded in 2004 and headquartered in Oakland, California, e.l.f.