e.l.f. Beauty, Inc. (NYSE:ELF) CEO Tarang Amin Sells 23,519 Shares

e.l.f. Beauty, Inc. (NYSE:ELF) CEO Tarang Amin sold 23,519 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $163.70, for a total value of $3,850,060.30. Following the completion of the sale, the chief executive officer now owns 10,890 shares in the company, valued at $1,782,693. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Tarang Amin also recently made the following trade(s):

• On Thursday, April 18th, Tarang Amin sold 74,451 shares of e.l.f. Beauty stock. The stock was sold at an average price of $166.40, for a total transaction of $12,388,646.40.
• On Friday, April 5th, Tarang Amin sold 6,832 shares of e.l.f. Beauty stock. The shares were sold at an average price of $162.63, for a total value of $1,111,088.16.
• On Tuesday, March 5th, Tarang Amin sold 23,519 shares of e.l.f. Beauty stock. The shares were sold at an average price of $198.89, for a total value of $4,677,693.91.

e.l.f. Beauty Stock Down 1.4 %

ELF opened at $161.27 on Thursday. The stock has a market capitalization of $8.95 billion, a price-to-earnings ratio of 71.36, a price-to-earnings-growth ratio of 1.50 and a beta of 1.60. e.l.f. Beauty, Inc. has a 12 month low of $83.80 and a 12 month high of $221.83. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.50 and a quick ratio of 0.83. The business has a 50-day moving average of $182.79 and a two-hundred day moving average of $155.15.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.11. e.l.f. Beauty had a net margin of 14.53% and a return on equity of 28.98%. The company had revenue of $270.94 million for the quarter, compared to the consensus estimate of $239.66 million. On average, research analysts expect that e.l.f. Beauty, Inc. will post 2.5 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ELF. Guidance Capital Inc. lifted its stake in shares of e.l.f. Beauty by 1.6% in the 4th quarter. Guidance Capital Inc. now owns 3,510 shares of the company’s stock valued at $490,000 after purchasing an additional 56 shares in the last quarter. First Trust Direct Indexing L.P. increased its position in shares of e.l.f. Beauty by 3.2% in the fourth quarter. First Trust Direct Indexing L.P. now owns 2,106 shares of the company’s stock worth $304,000 after acquiring an additional 65 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of e.l.f. Beauty by 0.3% during the 4th quarter. State of Alaska Department of Revenue now owns 33,993 shares of the company’s stock valued at $4,906,000 after acquiring an additional 85 shares in the last quarter. GAMMA Investing LLC boosted its position in e.l.f. Beauty by 33.2% during the 1st quarter. GAMMA Investing LLC now owns 353 shares of the company’s stock worth $69,000 after purchasing an additional 88 shares during the period. Finally, American International Group Inc. increased its holdings in e.l.f. Beauty by 0.3% in the 4th quarter. American International Group Inc. now owns 29,435 shares of the company’s stock valued at $4,249,000 after purchasing an additional 90 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ELF has been the subject of several recent research reports. TD Cowen raised e.l.f. Beauty from a “hold” rating to a “buy” rating and decreased their price target for the stock from $220.00 to $190.00 in a report on Wednesday, April 17th. Raymond James lifted their target price on shares of e.l.f. Beauty from $140.00 to $180.00 and gave the company a “strong-buy” rating in a report on Monday, January 22nd. Robert W. Baird initiated coverage on shares of e.l.f. Beauty in a research report on Tuesday, January 30th. They issued a “neutral” rating and a $185.00 price objective for the company. DA Davidson reissued a “buy” rating and issued a $220.00 price target on shares of e.l.f. Beauty in a report on Monday, April 8th. Finally, Stifel Nicolaus upped their price objective on e.l.f. Beauty from $141.00 to $167.00 and gave the stock a “hold” rating in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $184.33.

About e.l.f. Beauty

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. 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.