Mandy Fields Sells 16,065 Shares of e.l.f. Beauty (NYSE:ELF) Stock

e.l.f. Beauty (NYSE:ELF) insider Mandy Fields sold 16,065 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $104.52, for a total transaction of $1,679,113.80. Following the completion of the sale, the insider directly owned 90,896 shares in the company, valued at $9,500,449.92. This represents a 15.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

e.l.f. Beauty Price Performance

e.l.f. Beauty stock traded down $4.17 during mid-day trading on Thursday, hitting $95.92. 1,446,726 shares of the company traded hands, compared to its average volume of 2,723,964. e.l.f. Beauty has a one year low of $48.82 and a one year high of $150.99. The stock has a market cap of $5.66 billion, a price-to-earnings ratio of 95.92, a price-to-earnings-growth ratio of 3.24 and a beta of 1.60. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.82 and a current ratio of 2.55. The stock has a fifty day moving average price of $89.76 and a 200-day moving average price of $74.38.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $1.04. The firm had revenue of $479.37 million for the quarter, compared to analyst estimates of $431.20 million. e.l.f. Beauty had a net margin of 3.38% and a return on equity of 14.07%. The business’s revenue for the quarter was up 35.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.89 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. On average, equities analysts predict that e.l.f. Beauty will post 2.64 earnings per share for the current fiscal year.

Institutional Trading of e.l.f. Beauty

Several hedge funds have recently added to or reduced their stakes in ELF. Legal & General Group Plc purchased a new stake in shares of e.l.f. Beauty during the second quarter worth about $5,684,000. BNP Paribas Financial Markets increased its holdings in e.l.f. Beauty by 3,131.7% during the 4th quarter. BNP Paribas Financial Markets now owns 924,902 shares of the company’s stock valued at $70,330,000 after purchasing an additional 896,282 shares during the period. Norges Bank purchased a new position in e.l.f. Beauty during the 4th quarter valued at about $38,895,000. Delta Global Management LP bought a new position in e.l.f. Beauty during the 1st quarter valued at approximately $1,227,000. Finally, Aurora Investment Counsel bought a new position in e.l.f. Beauty during the 2nd quarter valued at approximately $2,868,000. 92.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Weiss Ratings raised e.l.f. Beauty from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 30th. Raymond James Financial lifted their price target on e.l.f. Beauty from $85.00 to $87.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, July 14th. Bank of America cut their price objective on e.l.f. Beauty from $93.00 to $85.00 and set a “buy” rating for the company in a report on Thursday, May 21st. Morgan Stanley reduced their price objective on e.l.f. Beauty from $67.00 to $59.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 21st. Finally, B. Riley Financial raised their price objective on e.l.f. Beauty from $70.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $92.12.

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.