Short Interest in e.l.f. Beauty, Inc. (NYSE:ELF) Declines By 12.8%

e.l.f. Beauty, Inc. (NYSE:ELF - Get Free Report) saw a large decrease in short interest in January. As of January 31st, there was short interest totalling 5,770,000 shares, a decrease of 12.8% from the January 15th total of 6,620,000 shares. Based on an average daily volume of 2,820,000 shares, the days-to-cover ratio is currently 2.0 days.

Insider Transactions at e.l.f. Beauty

In other news, CEO Tarang Amin sold 890 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $122,464.00. Following the transaction, the chief executive officer now owns 99,699 shares of the company's stock, valued at $13,718,582.40. This represents a 0.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Scott Milsten sold 530 shares of the firm's stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $72,928.00. Following the completion of the transaction, the insider now directly owns 68,853 shares in the company, valued at approximately $9,474,172.80. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,205 shares of company stock valued at $297,442 in the last 90 days. 3.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new position in shares of e.l.f. Beauty during the 3rd quarter valued at $25,000. Nemes Rush Group LLC purchased a new position in shares of e.l.f. Beauty during the 4th quarter valued at $27,000. Orion Capital Management LLC purchased a new position in shares of e.l.f. Beauty during the 4th quarter valued at $30,000. Promus Capital LLC purchased a new position in shares of e.l.f. Beauty during the 4th quarter valued at $31,000. Finally, Kestra Investment Management LLC purchased a new position in shares of e.l.f. Beauty during the 4th quarter valued at $32,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

e.l.f. Beauty Stock Performance

e.l.f. Beauty stock traded down $2.10 during mid-day trading on Thursday, reaching $71.01. The company's stock had a trading volume of 2,852,960 shares, compared to its average volume of 3,293,939. e.l.f. Beauty has a 12-month low of $63.50 and a 12-month high of $221.83. The company has a market capitalization of $4.00 billion, a P/E ratio of 42.02, a PEG ratio of 6.87 and a beta of 1.47. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. The firm's fifty day moving average price is $112.70 and its two-hundred day moving average price is $122.09.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced 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 net margin of 7.55% and a return on equity of 16.88%. Sell-side analysts predict that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

Analyst Ratings Changes

ELF has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of e.l.f. Beauty in a research note on Thursday, December 12th. They issued a "hold" rating and a $133.00 price objective for the company. Morgan Stanley reiterated an "equal weight" rating and issued a $70.00 price objective (down previously from $153.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. The Goldman Sachs Group decreased their price target on shares of e.l.f. Beauty from $165.00 to $142.00 and set a "buy" rating for the company in a research note on Friday, February 7th. B. Riley restated a "buy" rating and set a $90.00 price target (down previously from $150.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Finally, Stifel Nicolaus decreased their price target on shares of e.l.f. Beauty from $115.00 to $105.00 and set a "hold" rating for the company in a research note on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, e.l.f. Beauty has an average rating of "Moderate Buy" and an average price target of $134.00.

e.l.f. Beauty Company Profile

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.