e.l.f. Beauty, Inc. (NYSE:ELF) CEO Sells $12,388,646.40 in Stock

e.l.f. Beauty, Inc. (NYSE:ELF) CEO Tarang Amin sold 74,451 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $166.40, for a total transaction of $12,388,646.40. Following the transaction, the chief executive officer now owns 316,161 shares in the company, valued at $52,609,190.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 value of $4,677,693.91.

e.l.f. Beauty Trading Down 6.4 %

Shares of NYSE ELF traded down $10.78 during midday trading on Friday, reaching $156.73. 2,661,299 shares of the stock were exchanged, compared to its average volume of 1,564,087. 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 market capitalization of $8.70 billion, a price-to-earnings ratio of 69.59, a P/E/G ratio of 1.54 and a beta of 1.57. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.50 and a quick ratio of 0.83. The business has a 50-day simple moving average of $186.62 and a two-hundred day simple moving average of $148.57.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ELF shares. Piper Sandler raised their price target on e.l.f. Beauty from $225.00 to $228.00 and gave the company an “overweight” rating in a report on Tuesday, April 9th. TD Cowen raised shares of e.l.f. Beauty from a “hold” rating to a “buy” rating and reduced their target price for the company from $220.00 to $190.00 in a research note on Wednesday. Truist Financial lifted their price target on shares of e.l.f. Beauty from $150.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Bank of America increased their price objective on shares of e.l.f. Beauty from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Finally, Morgan Stanley lifted their target price on shares of e.l.f. Beauty from $168.00 to $184.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $184.33.

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

Several institutional investors have recently modified their holdings of ELF. FMR LLC boosted its position in e.l.f. Beauty by 641.2% during the 3rd quarter. FMR LLC now owns 832,404 shares of the company’s stock worth $91,423,000 after acquiring an additional 720,098 shares during the last quarter. State of Alaska Department of Revenue boosted its position in e.l.f. Beauty by 0.3% during the fourth quarter. State of Alaska Department of Revenue now owns 33,993 shares of the company’s stock worth $4,906,000 after purchasing an additional 85 shares during the period. First Dallas Securities Inc. acquired a new position in shares of e.l.f. Beauty in the third quarter valued at $3,569,000. William Blair Investment Management LLC raised its holdings 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 valued at $156,427,000 after acquiring an additional 523,903 shares during the period. Finally, QRG Capital Management Inc. bought a new position in shares of e.l.f. Beauty during the third quarter worth approximately $301,000. Institutional investors own 92.44% of the company’s stock.

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.