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 firm’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $117.61, for a total transaction of $175,944.56. Following the completion of the transaction, the insider now owns 158,303 shares of the company’s stock, valued at approximately $18,618,015.83. The trade was a 0.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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 stock was sold at an average price of $115.56, for a total transaction of $1,370,541.60.
• On Monday, April 21st, Kory Marchisotto sold 51,350 shares of e.l.f. Beauty stock. The stock was sold at an average price of $53.36, for a total transaction of $2,740,036.00.

e.l.f. Beauty Stock Performance

Shares of NYSE:ELF traded down $0.99 during trading on Monday, reaching $116.67. The stock had a trading volume of 1,666,545 shares, compared to its average volume of 2,523,335. e.l.f. Beauty, Inc. has a 52 week low of $49.40 and a 52 week high of $219.77. The firm has a market capitalization of $6.57 billion, a price-to-earnings ratio of 69.04, a P/E/G ratio of 6.76 and a beta of 1.52. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. The stock has a fifty day simple moving average of $72.37 and a two-hundred day simple moving average of $91.24.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, May 28th. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. The company had revenue of $332.65 million for the quarter, compared to analyst estimates of $327.45 million. During the same quarter last year, the firm posted $0.53 earnings per share. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. As a group, analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

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

A number of institutional investors have recently modified their holdings of the company. Baillie Gifford & Co. raised its position in shares of 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 valued at $1,005,584,000 after purchasing an additional 2,703,742 shares during the period. Vanguard Group Inc. increased its position in e.l.f. Beauty by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 5,497,208 shares of the company’s stock worth $690,174,000 after acquiring an additional 68,103 shares during the period. Champlain Investment Partners LLC increased its position in e.l.f. Beauty by 19.7% during the first quarter. Champlain Investment Partners LLC now owns 2,665,026 shares of the company’s stock worth $167,337,000 after acquiring an additional 438,575 shares during the period. William Blair Investment Management LLC increased its position in e.l.f. Beauty by 40.9% during the fourth quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company’s stock worth $289,437,000 after acquiring an additional 669,321 shares during the period. Finally, Clearbridge Investments LLC increased its position in e.l.f. Beauty by 17.5% during the fourth quarter. Clearbridge Investments LLC now owns 1,772,528 shares of the company’s stock worth $222,541,000 after acquiring an additional 264,296 shares during the period. Institutional investors own 92.44% of the company’s stock.

Analyst Ratings Changes

ELF has been the subject of several research reports. Robert W. Baird raised their price target on shares of e.l.f. Beauty from $110.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday. JPMorgan Chase & Co. raised their price target on shares of e.l.f. Beauty from $70.00 to $123.00 and gave the stock an “overweight” rating in a report on Friday, May 30th. Canaccord Genuity Group set a $114.00 price target on shares of e.l.f. Beauty in a report on Thursday, May 29th. UBS Group raised their price target on shares of e.l.f. Beauty from $59.00 to $84.00 and gave the stock a “neutral” rating in a report on Wednesday, May 21st. Finally, Truist Financial raised their price target on shares of e.l.f. Beauty from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Friday. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $120.71.

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.