e.l.f. Beauty Inc (NYSE:ELF) CEO Sells $1,400,598.00 in Stock

e.l.f. Beauty Inc (NYSE:ELF) CEO Tarang Amin sold 70,100 shares of the company’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $19.98, for a total transaction of $1,400,598.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Tuesday, June 30th, Tarang Amin sold 45,512 shares of e.l.f. Beauty stock. The shares were sold at an average price of $18.97, for a total transaction of $863,362.64.
  • On Wednesday, June 17th, Tarang Amin sold 4,614 shares of e.l.f. Beauty stock. The shares were sold at an average price of $17.96, for a total transaction of $82,867.44.
  • On Wednesday, June 10th, Tarang Amin sold 57,148 shares of e.l.f. Beauty stock. The shares were sold at an average price of $17.85, for a total transaction of $1,020,091.80.
  • On Friday, June 5th, Tarang Amin sold 34,134 shares of e.l.f. Beauty stock. The shares were sold at an average price of $17.99, for a total transaction of $614,070.66.
  • On Tuesday, May 26th, Tarang Amin sold 36,855 shares of e.l.f. Beauty stock. The shares were sold at an average price of $17.08, for a total transaction of $629,483.40.
  • On Friday, May 22nd, Tarang Amin sold 114,298 shares of e.l.f. Beauty stock. The shares were sold at an average price of $16.11, for a total transaction of $1,841,340.78.

ELF opened at $20.06 on Monday. The company has a current ratio of 2.59, a quick ratio of 1.69 and a debt-to-equity ratio of 0.57. The company’s fifty day moving average price is $17.67 and its two-hundred day moving average price is $14.96. e.l.f. Beauty Inc has a 1-year low of $7.58 and a 1-year high of $20.95. The company has a market cap of $1.00 billion, a price-to-earnings ratio of 57.32 and a beta of 2.34.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Thursday, May 21st. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.05. The company had revenue of $74.71 million during the quarter, compared to the consensus estimate of $64.11 million. e.l.f. Beauty had a net margin of 6.32% and a return on equity of 8.43%. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.06 earnings per share. As a group, equities analysts forecast that e.l.f. Beauty Inc will post 0.25 earnings per share for the current fiscal year.

ELF has been the topic of a number of research reports. ValuEngine upgraded shares of e.l.f. Beauty from a “sell” rating to a “hold” rating in a research report on Thursday, April 2nd. Morgan Stanley boosted their target price on shares of e.l.f. Beauty from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, June 25th. DA Davidson boosted their target price on shares of e.l.f. Beauty from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Zacks Investment Research downgraded shares of e.l.f. Beauty from a “buy” rating to a “hold” rating in a research report on Friday, April 24th. Finally, Oppenheimer reiterated a “hold” rating on shares of e.l.f. Beauty in a research report on Thursday, May 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $20.20.

Several hedge funds have recently made changes to their positions in ELF. Victory Capital Management Inc. raised its holdings in shares of e.l.f. Beauty by 6,397.9% in the first quarter. Victory Capital Management Inc. now owns 1,796,549 shares of the company’s stock valued at $17,678,000 after purchasing an additional 1,768,901 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of e.l.f. Beauty in the fourth quarter valued at about $13,704,000. Nuveen Asset Management LLC raised its holdings in shares of e.l.f. Beauty by 83.1% in the fourth quarter. Nuveen Asset Management LLC now owns 1,315,355 shares of the company’s stock valued at $21,217,000 after purchasing an additional 596,810 shares during the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of e.l.f. Beauty in the first quarter valued at about $4,965,000. Finally, Eagle Asset Management Inc. purchased a new stake in shares of e.l.f. Beauty in the first quarter valued at about $4,309,000. 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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