Maureen C. Watson Sells 4,000 Shares of e.l.f. Beauty, Inc. (NYSE:ELF) Stock

e.l.f. Beauty, Inc. (NYSE:ELF) Director Maureen C. Watson sold 4,000 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $67.39, for a total transaction of $269,560.00. Following the completion of the transaction, the director now directly owns 1,888 shares of the company’s stock, valued at approximately $127,232.32. This trade represents a 67.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

e.l.f. Beauty Stock Down 2.2 %

Shares of ELF opened at $67.99 on Thursday. The firm has a market cap of $3.83 billion, a PE ratio of 40.23, a price-to-earnings-growth ratio of 6.76 and a beta of 1.60. The company’s fifty day moving average is $94.36 and its two-hundred day moving average is $112.09. e.l.f. Beauty, Inc. has a fifty-two week low of $61.90 and a fifty-two week high of $219.77. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates 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%. Analysts forecast that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

Analysts Set New Price Targets

ELF has been the subject of a number of recent research reports. UBS Group reissued a “neutral” rating and set a $74.00 price objective (down from $158.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Raymond James dropped their price objective on shares of e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating for the company in a research note on Friday, February 7th. Canaccord Genuity Group dropped their price objective on shares of e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, February 7th. The Goldman Sachs Group dropped their price objective on shares of e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Finally, DA Davidson reissued a “neutral” rating and set a $80.00 price objective on shares of e.l.f. Beauty in a research note on Tuesday, February 18th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, e.l.f. Beauty currently has an average rating of “Moderate Buy” and a consensus price target of $132.94.

Hedge Funds Weigh In On e.l.f. Beauty

Hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its holdings in shares of e.l.f. Beauty by 149.8% in the 4th quarter. Principal Financial Group Inc. now owns 328,557 shares of the company’s stock valued at $41,250,000 after purchasing an additional 197,028 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in shares of e.l.f. Beauty by 441.0% during the 4th quarter. Global Retirement Partners LLC now owns 8,283 shares of the company’s stock valued at $1,040,000 after acquiring an additional 6,752 shares in the last quarter. Robbins Farley lifted its holdings in shares of e.l.f. Beauty by 27.1% during the 4th quarter. Robbins Farley now owns 34,396 shares of the company’s stock valued at $4,318,000 after acquiring an additional 7,335 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of e.l.f. Beauty by 43.4% during the 4th quarter. Pacer Advisors Inc. now owns 11,802 shares of the company’s stock valued at $1,482,000 after acquiring an additional 3,572 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of e.l.f. Beauty by 1,380.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,284 shares of the company’s stock valued at $1,775,000 after acquiring an additional 15,184 shares in the last quarter. Institutional investors and hedge funds 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.