e.l.f. Beauty, Inc. (NYSE:ELF) was the target of some unusual options trading activity on Tuesday. Investors purchased 3,360 call options on the company. This is an increase of 1,024% compared to the average volume of 299 call options.
Shares of NYSE ELF opened at $22.59 on Wednesday. e.l.f. Beauty has a twelve month low of $7.58 and a twelve month high of $23.06. The company has a quick ratio of 1.43, a current ratio of 2.49 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $1.15 billion, a PE ratio of 118.90 and a beta of 2.13. The firm has a fifty day simple moving average of $21.23 and a 200 day simple moving average of $19.34.
e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Monday, November 9th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. e.l.f. Beauty had a net margin of 3.29% and a return on equity of 8.53%. The firm had revenue of $72.50 million during the quarter, compared to the consensus estimate of $68.51 million. During the same period in the previous year, the firm posted $0.15 earnings per share. The business’s revenue was up 7.2% compared to the same quarter last year. As a group, equities analysts expect that e.l.f. Beauty will post 0.31 earnings per share for the current fiscal year.
In other e.l.f. Beauty news, Director Lauren Cooks Levitan sold 4,500 shares of the firm’s stock in a transaction that occurred on Friday, December 4th. The shares were sold at an average price of $22.40, for a total value of $100,800.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Tarang Amin sold 22,388 shares of the firm’s stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $19.54, for a total transaction of $437,461.52. The disclosure for this sale can be found here. Insiders sold 226,928 shares of company stock worth $4,777,477 over the last three months. 15.00% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of ELF. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in e.l.f. Beauty by 56.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,393 shares of the company’s stock valued at $103,000 after purchasing an additional 1,945 shares in the last quarter. Swiss National Bank boosted its holdings in e.l.f. Beauty by 81.4% during the second quarter. Swiss National Bank now owns 78,000 shares of the company’s stock worth $1,487,000 after purchasing an additional 35,000 shares during the last quarter. Fifth Third Bancorp purchased a new position in e.l.f. Beauty during the second quarter worth about $232,000. Russell Investments Group Ltd. purchased a new position in e.l.f. Beauty during the second quarter worth about $46,546,000. Finally, PNC Financial Services Group Inc. purchased a new position in e.l.f. Beauty in the second quarter valued at about $144,000. 88.70% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have weighed in on ELF. Zacks Investment Research lowered shares of e.l.f. Beauty from a “hold” rating to a “sell” rating in a research report on Tuesday, November 24th. Piper Sandler cut their price target on shares of e.l.f. Beauty from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Thursday, November 5th. Oppenheimer reiterated a “hold” rating on shares of e.l.f. Beauty in a report on Tuesday, November 17th. Finally, DA Davidson cut their price target on shares of e.l.f. Beauty from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, November 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. e.l.f. Beauty currently has an average rating of “Buy” and an average target price of $22.67.
e.l.f. Beauty Company Profile
e.l.f. Beauty, Inc, through its subsidiaries, provides cosmetic and skin care products under the e.l.f. and W3LL PEOPLE brand names worldwide. The company offers eye, lip, face, and skin care products, as well as kits and tools. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States; and internationally primarily through distributors.
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