e.l.f. Beauty Target of Unusually Large Options Trading (NYSE:ELF)

e.l.f. Beauty Inc (NYSE:ELF) was the target of some unusual options trading activity on Tuesday. Stock investors acquired 7,357 call options on the stock. This is an increase of approximately 1,984% compared to the average volume of 353 call options.

Shares of NYSE:ELF traded up $0.21 on Tuesday, reaching $18.95. 64,201 shares of the company’s stock were exchanged, compared to its average volume of 728,576. The company has a quick ratio of 1.69, a current ratio of 2.59 and a debt-to-equity ratio of 0.57. e.l.f. Beauty has a fifty-two week low of $7.58 and a fifty-two week high of $20.00. The business’s 50-day moving average is $16.49 and its two-hundred day moving average is $14.74. The firm has a market capitalization of $894.16 million, a price-to-earnings ratio of 54.29 and a beta of 2.33.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Thursday, May 21st. The company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.05. The business had revenue of $74.71 million for the quarter, compared to analysts’ expectations of $64.11 million. e.l.f. Beauty had a net margin of 6.32% and a return on equity of 8.43%. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.06 EPS. Analysts predict that e.l.f. Beauty will post 0.25 earnings per share for the current fiscal year.

ELF has been the subject of a number of recent analyst reports. Piper Sandler boosted their target price on shares of e.l.f. Beauty from $19.00 to $20.00 and gave the company an “overweight” rating in a report on Friday, May 22nd. ValuEngine upgraded shares of e.l.f. Beauty from a “sell” rating to a “hold” rating in a research note on Thursday, April 2nd. Jefferies Financial Group boosted their price objective on shares of e.l.f. Beauty from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Oppenheimer reiterated a “hold” rating on shares of e.l.f. Beauty in a research note on Thursday, May 21st. Finally, DA Davidson reiterated a “buy” rating and set a $18.50 price objective (up from $17.00) on shares of e.l.f. Beauty in a research note on Friday, May 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $19.15.

In other e.l.f. Beauty news, insider Mandy J. Fields sold 10,653 shares of e.l.f. Beauty stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $18.50, for a total transaction of $197,080.50. Following the completion of the transaction, the insider now owns 173,233 shares in the company, valued at $3,204,810.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Tarang Amin sold 114,298 shares of e.l.f. Beauty stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $16.11, for a total transaction of $1,841,340.78. The disclosure for this sale can be found here. In the last three months, insiders have sold 273,896 shares of company stock worth $4,662,332. 17.10% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of the company. State Street Corp boosted its position in shares of e.l.f. Beauty by 0.9% during the 1st quarter. State Street Corp now owns 521,635 shares of the company’s stock valued at $5,133,000 after purchasing an additional 4,877 shares in the last quarter. State of Tennessee Treasury Department bought a new position in shares of e.l.f. Beauty during the 1st quarter valued at about $120,000. Advisor Group Holdings Inc. purchased a new stake in e.l.f. Beauty during the first quarter valued at about $29,000. Cramer Rosenthal Mcglynn LLC lifted its stake in e.l.f. Beauty by 10.4% during the first quarter. Cramer Rosenthal Mcglynn LLC now owns 2,143,029 shares of the company’s stock valued at $21,087,000 after buying an additional 201,508 shares in the last quarter. Finally, ArrowMark Colorado Holdings LLC lifted its stake in e.l.f. Beauty by 32.9% during the first quarter. ArrowMark Colorado Holdings LLC now owns 237,709 shares of the company’s stock valued at $2,339,000 after buying an additional 58,871 shares in the last quarter. Institutional investors own 85.49% of the company’s stock.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc, a beauty company, provides cosmetic and skin care products under the e.l.f. brand name 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 and e.l.f.

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