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

e.l.f. Beauty, Inc. (NYSE:ELF) CEO Tarang Amin sold 74,451 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 316,161 shares of the company’s stock, valued at $52,609,190.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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 stock was 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 stock was sold at an average price of $198.89, for a total transaction of $4,677,693.91.

e.l.f. Beauty Stock Performance

Shares of ELF opened at $156.73 on Friday. e.l.f. Beauty, Inc. has a 12 month low of $83.80 and a 12 month high of $221.83. The firm has a fifty day simple moving average of $186.27 and a 200 day simple moving average of $148.90. 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. The company has a current ratio of 1.50, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results 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 net margin of 14.53% and a return on equity of 28.98%. The business had revenue of $270.94 million during the quarter, compared to analysts’ expectations of $239.66 million. Research analysts forecast that e.l.f. Beauty, Inc. will post 2.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ELF. Piper Sandler boosted their price target on shares of e.l.f. Beauty from $225.00 to $228.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 9th. Morgan Stanley boosted their price target on shares of e.l.f. Beauty from $168.00 to $184.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. JPMorgan Chase & Co. boosted their price target on shares of e.l.f. Beauty from $130.00 to $175.00 and gave the stock an “overweight” rating in a research note on Thursday, January 18th. Robert W. Baird initiated coverage on shares of e.l.f. Beauty in a report on Tuesday, January 30th. They set a “neutral” rating and a $185.00 price objective for the company. Finally, DA Davidson restated a “buy” rating and set a $220.00 price objective on shares of e.l.f. Beauty in a report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, e.l.f. Beauty has an average rating of “Moderate Buy” and an average price target of $184.33.

Institutional Trading of e.l.f. Beauty

Several institutional investors and hedge funds have recently added to or reduced their stakes in ELF. Advisor Group Holdings Inc. raised its position in e.l.f. Beauty by 7.6% during the first quarter. Advisor Group Holdings Inc. now owns 6,765 shares of the company’s stock worth $174,000 after acquiring an additional 476 shares in the last quarter. Bank of New York Mellon Corp raised its position in e.l.f. Beauty by 1.1% during the first quarter. Bank of New York Mellon Corp now owns 428,775 shares of the company’s stock worth $11,076,000 after acquiring an additional 4,476 shares in the last quarter. Citigroup Inc. raised its position in e.l.f. Beauty by 12.4% during the first quarter. Citigroup Inc. now owns 41,711 shares of the company’s stock worth $1,077,000 after acquiring an additional 4,617 shares in the last quarter. AlphaCrest Capital Management LLC bought a new stake in e.l.f. Beauty during the first quarter worth $342,000. Finally, MetLife Investment Management LLC raised its position in shares of e.l.f. Beauty by 53.3% in the first quarter. MetLife Investment Management LLC now owns 26,424 shares of the company’s stock valued at $683,000 after purchasing an additional 9,189 shares during the period. 92.44% of the stock is owned by institutional investors.

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.