e.l.f. Beauty, Inc. (NYSE:ELF) CEO Sells $1,111,088.16 in Stock

e.l.f. Beauty, Inc. (NYSE:ELF) CEO Tarang Amin sold 6,832 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $162.63, for a total value of $1,111,088.16. Following the completion of the sale, the chief executive officer now directly owns 228,175 shares in the company, valued at approximately $37,108,100.25. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, March 5th, Tarang Amin sold 23,519 shares of e.l.f. Beauty stock. The stock was sold at an average price of $198.89, for a total value of $4,677,693.91.

e.l.f. Beauty Stock Down 6.4 %

e.l.f. Beauty stock traded down $10.78 during midday trading on Friday, reaching $156.73. The company’s stock had a trading volume of 2,661,299 shares, compared to its average volume of 1,564,087. The stock’s 50-day simple moving average is $186.62 and its 200-day simple moving average is $148.57. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.50 and a quick ratio of 0.83. e.l.f. Beauty, Inc. has a 52-week low of $83.80 and a 52-week high of $221.83. The stock has a market capitalization of $8.70 billion, a P/E ratio of 69.59, a PEG ratio of 1.54 and a beta of 1.57.

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

Analysts Set New Price Targets

ELF has been the topic of several analyst reports. TD Cowen raised e.l.f. Beauty from a “hold” rating to a “buy” rating and cut their target price for the company from $220.00 to $190.00 in a research report on Wednesday. Bank of America upped their price objective on e.l.f. Beauty from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Piper Sandler upped their target price on e.l.f. Beauty from $225.00 to $228.00 and gave the stock an “overweight” rating in a report on Tuesday, April 9th. Raymond James upped their target price on e.l.f. Beauty from $140.00 to $180.00 and gave the stock a “strong-buy” rating in a report on Monday, January 22nd. Finally, StockNews.com cut e.l.f. Beauty from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $184.33.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ELF. Dark Forest Capital Management LP acquired a new position in shares of e.l.f. Beauty in the first quarter valued at about $27,000. Point72 Middle East FZE acquired a new position in shares of e.l.f. Beauty in the fourth quarter valued at about $28,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of e.l.f. Beauty in the third quarter valued at about $29,000. Armstrong Advisory Group Inc. increased its holdings in shares of e.l.f. Beauty by 390.2% in the fourth quarter. Armstrong Advisory Group Inc. now owns 201 shares of the company’s stock valued at $29,000 after purchasing an additional 160 shares during the period. Finally, Harbor Investment Advisory LLC acquired a new position in shares of e.l.f. Beauty in the first quarter valued at about $31,000. 92.44% of the stock is owned by institutional investors and hedge funds.

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.