Kory Marchisotto Sells 1,496 Shares of e.l.f. Beauty, Inc. (NYSE:ELF) Stock

e.l.f. Beauty, Inc. (NYSE:ELF) insider Kory Marchisotto sold 1,496 shares of the business’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $117.61, for a total value of $175,944.56. Following the completion of the sale, the insider now owns 158,303 shares in the company, valued at $18,618,015.83. This represents a 0.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Kory Marchisotto also recently made the following trade(s):

• On Wednesday, June 4th, Kory Marchisotto sold 11,860 shares of e.l.f. Beauty stock. The shares were sold at an average price of $115.56, for a total value of $1,370,541.60.
• On Monday, April 21st, Kory Marchisotto sold 51,350 shares of e.l.f. Beauty stock. The shares were sold at an average price of $53.36, for a total value of $2,740,036.00.

e.l.f. Beauty Stock Up 1.2%

ELF stock opened at $117.93 on Wednesday. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. The company’s 50 day moving average is $74.61 and its 200 day moving average is $91.36. The stock has a market cap of $6.64 billion, a price-to-earnings ratio of 69.78, a price-to-earnings-growth ratio of 6.76 and a beta of 1.52. e.l.f. Beauty, Inc. has a 1-year low of $49.40 and a 1-year high of $219.77.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, May 28th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.06. The business had revenue of $332.65 million during the quarter, compared to analyst estimates of $327.45 million. e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. e.l.f. Beauty’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 earnings per share. Sell-side analysts predict that e.l.f. Beauty, Inc. will post 2.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ELF has been the topic of a number of research reports. UBS Group boosted their price objective on e.l.f. Beauty from $59.00 to $84.00 and gave the company a “neutral” rating in a research note on Wednesday, May 21st. Piper Sandler reiterated an “overweight” rating and set a $109.00 price target (up from $81.00) on shares of e.l.f. Beauty in a research report on Thursday, May 29th. Canaccord Genuity Group set a $114.00 price target on e.l.f. Beauty in a research report on Thursday, May 29th. Robert W. Baird upped their price target on e.l.f. Beauty from $110.00 to $145.00 and gave the company an “outperform” rating in a research report on Friday, June 6th. Finally, JPMorgan Chase & Co. upped their price target on e.l.f. Beauty from $70.00 to $123.00 and gave the company an “overweight” rating in a research report on Friday, May 30th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $120.71.

Institutional Trading of e.l.f. Beauty

Hedge funds and other institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in e.l.f. Beauty by 149.8% in the fourth quarter. Principal Financial Group Inc. now owns 328,557 shares of the company’s stock worth $41,250,000 after buying an additional 197,028 shares in the last quarter. Global Retirement Partners LLC boosted its stake in e.l.f. Beauty by 441.0% in the fourth quarter. Global Retirement Partners LLC now owns 8,283 shares of the company’s stock worth $1,040,000 after buying an additional 6,752 shares in the last quarter. Mitchell Capital Management Co. purchased a new stake in e.l.f. Beauty in the fourth quarter worth approximately $2,655,000. Baillie Gifford & Co. boosted its stake in e.l.f. Beauty by 51.0% in the fourth quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company’s stock worth $1,005,584,000 after buying an additional 2,703,742 shares in the last quarter. Finally, Granahan Investment Management LLC purchased a new stake in e.l.f. Beauty in the fourth quarter worth approximately $9,671,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

About e.l.f. Beauty

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.