e.l.f. Beauty, Inc. (NYSE:ELF) CEO Tarang Amin Sells 74,451 Shares of Stock

e.l.f. Beauty, Inc. (NYSE:ELF) CEO Tarang Amin sold 74,451 shares of the company’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $166.40, for a total transaction of $12,388,646.40. Following the completion of the sale, the chief executive officer now owns 316,161 shares in the company, valued at approximately $52,609,190.40. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• 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 transaction 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 transaction of $4,677,693.91.

e.l.f. Beauty Trading Down 6.4 %

Shares of NYSE:ELF opened at $156.73 on Friday. The company has a 50 day moving average price of $186.27 and a 200 day moving average price of $148.90. e.l.f. Beauty, Inc. has a 1-year low of $83.80 and a 1-year high of $221.83. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 1.50. The stock has a market capitalization of $8.70 billion, a price-to-earnings ratio of 69.35, a PEG ratio of 1.56 and a beta of 1.57.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $0.58 EPS 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 firm had revenue of $270.94 million during the quarter, compared to analyst estimates of $239.66 million. On average, research analysts anticipate that e.l.f. Beauty, Inc. will post 2.5 EPS for the current fiscal year.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ELF. Wellington Management Group LLP lifted its position in e.l.f. Beauty by 235.8% in the 3rd quarter. Wellington Management Group LLP now owns 2,414,601 shares of the company’s stock worth $265,196,000 after buying an additional 1,695,585 shares in the last quarter. FMR LLC lifted its position in e.l.f. Beauty by 641.2% in the 3rd quarter. FMR LLC now owns 832,404 shares of the company’s stock worth $91,423,000 after buying an additional 720,098 shares in the last quarter. Norges Bank purchased a new stake in e.l.f. Beauty in the 4th quarter worth approximately $95,611,000. Millennium Management LLC lifted its position in e.l.f. Beauty by 697.8% in the 4th quarter. Millennium Management LLC now owns 681,739 shares of the company’s stock worth $37,700,000 after buying an additional 596,287 shares in the last quarter. Finally, William Blair Investment Management LLC lifted its position in e.l.f. Beauty by 58.2% in the 3rd quarter. William Blair Investment Management LLC now owns 1,424,268 shares of the company’s stock worth $156,427,000 after buying an additional 523,903 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Piper Sandler boosted their price objective on shares of e.l.f. Beauty from $225.00 to $228.00 and gave the company an “overweight” rating in a research report on Tuesday, April 9th. Raymond James raised their price target on shares of e.l.f. Beauty from $140.00 to $180.00 and gave the company a “strong-buy” rating in a research note on Monday, January 22nd. Stifel Nicolaus raised their price objective on shares of e.l.f. Beauty from $141.00 to $167.00 and gave the company a “hold” rating in a research note on Wednesday, February 7th. Robert W. Baird initiated coverage on shares of e.l.f. Beauty in a research note on Tuesday, January 30th. They set a “neutral” rating and a $185.00 price objective on the stock. Finally, DA Davidson reiterated a “buy” rating and set a $220.00 price objective on shares of e.l.f. Beauty in a research note on Monday, April 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, e.l.f. Beauty currently has an average rating of “Moderate Buy” and a consensus price target of $184.33.

e.l.f. Beauty Company Profile

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.