Stock Traders Buy Large Volume of e.l.f. Beauty Call Options (NYSE:ELF)

e.l.f. Beauty (NYSE:ELFGet Free Report) was the recipient of some unusual options trading activity on Tuesday. Stock investors purchased 20,426 call options on the stock. This represents an increase of 93% compared to the average volume of 10,557 call options.

e.l.f. Beauty Stock Performance

Shares of ELF traded up $0.74 during trading hours on Tuesday, hitting $74.23. The company had a trading volume of 1,913,263 shares, compared to its average volume of 2,903,855. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 161.04, a PEG ratio of 2.97 and a beta of 1.59. The company has a quick ratio of 1.69, a current ratio of 2.35 and a debt-to-equity ratio of 0.72. The business has a fifty day moving average of $60.41 and a 200-day moving average of $71.85. e.l.f. Beauty has a 12 month low of $48.82 and a 12 month high of $150.99.

e.l.f. Beauty (NYSE:ELFGet Free Report) last issued its quarterly earnings data on Wednesday, May 20th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. The company had revenue of $449.29 million during the quarter, compared to analysts’ expectations of $423.06 million. e.l.f. Beauty had a return on equity of 11.02% and a net margin of 1.61%.The business’s revenue was up 35.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.78 earnings per share. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. Equities analysts anticipate that e.l.f. Beauty will post 2.42 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ELF shares. Raymond James Financial reiterated a “strong-buy” rating and set a $85.00 price objective on shares of e.l.f. Beauty in a research note on Thursday, May 21st. Robert W. Baird lowered their target price on shares of e.l.f. Beauty from $115.00 to $90.00 and set an “outperform” rating on the stock in a report on Tuesday, April 28th. Jefferies Financial Group dropped their price target on shares of e.l.f. Beauty from $85.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Piper Sandler reiterated a “neutral” rating on shares of e.l.f. Beauty in a research note on Friday, June 12th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $64.00 price objective on shares of e.l.f. Beauty in a research report on Tuesday, June 16th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $78.31.

Check Out Our Latest Analysis on ELF

Insider Activity

In other news, CEO Tarang Amin sold 50,164 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $78.24, for a total value of $3,924,831.36. Following the completion of the transaction, the chief executive officer owned 110,496 shares in the company, valued at $8,645,207.04. This trade represents a 31.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Joshua Allen Franks sold 3,505 shares of e.l.f. Beauty stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $51.53, for a total value of $180,612.65. Following the completion of the sale, the senior vice president directly owned 150,027 shares in the company, valued at approximately $7,730,891.31. This represents a 2.28% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 278,988 shares of company stock worth $18,354,580. 3.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On e.l.f. Beauty

Several institutional investors have recently made changes to their positions in ELF. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in e.l.f. Beauty in the fourth quarter valued at $26,000. Hilton Head Capital Partners LLC acquired a new position in shares of e.l.f. Beauty in the 4th quarter worth approximately $32,000. EverSource Wealth Advisors LLC raised its stake in e.l.f. Beauty by 97.0% during the second quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock worth $32,000 after buying an additional 128 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in e.l.f. Beauty by 58.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock valued at $39,000 after buying an additional 117 shares during the period. Finally, Arax Advisory Partners bought a new stake in e.l.f. Beauty during the fourth quarter valued at $41,000. 92.44% of the stock is currently owned by institutional investors.

e.l.f. Beauty Company Profile

(Get Free Report)

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.

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