e.l.f. Beauty (NYSE:ELF) Trading Down 0.1%

e.l.f. Beauty, Inc. (NYSE:ELF - Get Free Report)'s stock price fell 0.1% during mid-day trading on Wednesday . The stock traded as low as $110.69 and last traded at $111.33. 444,125 shares were traded during trading, a decline of 75% from the average session volume of 1,754,310 shares. The stock had previously closed at $111.42.

Analyst Ratings Changes

Several research firms have recently issued reports on ELF. UBS Group dropped their price objective on shares of e.l.f. Beauty from $250.00 to $230.00 and set a "buy" rating on the stock in a report on Friday, August 9th. JPMorgan Chase & Co. dropped their price objective on shares of e.l.f. Beauty from $224.00 to $207.00 and set an "overweight" rating on the stock in a report on Friday, August 9th. TD Cowen lowered their target price on shares of e.l.f. Beauty from $235.00 to $150.00 and set a "buy" rating on the stock in a research note on Thursday, September 12th. Bank of America dropped their price target on shares of e.l.f. Beauty from $230.00 to $190.00 and set a "buy" rating for the company in a research report on Monday, September 9th. Finally, DA Davidson reaffirmed a "buy" rating and set a $223.00 price objective on shares of e.l.f. Beauty in a report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, e.l.f. Beauty presently has an average rating of "Moderate Buy" and an average target price of $198.80.

e.l.f. Beauty Stock Performance

The firm has a market capitalization of $6.18 billion, a P/E ratio of 49.36, a price-to-earnings-growth ratio of 2.33 and a beta of 1.44. The stock has a 50-day moving average of $149.29 and a 200 day moving average of $172.40. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.77.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.20. The firm had revenue of $324.48 million for the quarter, compared to analyst estimates of $303.60 million. e.l.f. Beauty had a return on equity of 23.30% and a net margin of 10.80%. On average, research analysts anticipate that e.l.f. Beauty, Inc. will post 2.88 earnings per share for the current year.

Insider Activity

In related news, SVP Joshua Allen Franks sold 3,370 shares of the firm's stock in a transaction on Monday, July 15th. The shares were sold at an average price of $201.28, for a total transaction of $678,313.60. Following the sale, the senior vice president now directly owns 71,986 shares in the company, valued at $14,489,342.08. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, SVP Joshua Allen Franks sold 3,370 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $201.28, for a total transaction 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 $14,489,342.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Tarang Amin sold 548 shares of e.l.f. Beauty 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 sale, 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. Insiders have sold 42,832 shares of company stock worth $7,074,887 in the last 90 days. Corporate insiders own 5.20% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC bought a new position in e.l.f. Beauty in the second quarter valued at approximately $26,000. Matrix Trust Co acquired a new position in e.l.f. Beauty during the second quarter worth $27,000. Innealta Capital LLC bought a new stake in e.l.f. Beauty during the second quarter worth $30,000. Harbor Investment Advisory LLC acquired a new stake in e.l.f. Beauty in the first quarter valued at $31,000. Finally, Whittier Trust Co. of Nevada Inc. grew its position in shares of e.l.f. Beauty by 405.9% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company's stock valued at $36,000 after acquiring an additional 138 shares during the period. Institutional investors own 92.44% of the company's stock.

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.