e.l.f. Beauty, Inc. (NYSE:ELF) CEO Tarang Amin Sells 23,528 Shares

e.l.f. Beauty, Inc. (NYSE:ELF) CEO Tarang Amin sold 23,528 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the completion of the sale, the chief executive officer now directly owns 106,016 shares in the company, valued at $14,465,883.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, August 5th, Tarang Amin sold 548 shares of e.l.f. Beauty stock. The shares were sold at an average price of $175.00, for a total transaction of $95,900.00.
• On Friday, July 5th, Tarang Amin sold 15,386 shares of e.l.f. Beauty stock. The shares were sold at an average price of $200.85, for a total transaction of $3,090,278.10.

e.l.f. Beauty Stock Performance

e.l.f. Beauty stock opened at $111.80 on Tuesday. The company has a market cap of $6.25 billion, a PE ratio of 50.36, a P/E/G ratio of 2.37 and a beta of 1.44. The company has a fifty day moving average price of $152.06 and a two-hundred day moving average price of $173.47. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.77 and a quick ratio of 1.10. e.l.f. Beauty, Inc. has a 12 month low of $88.47 and a 12 month high of $221.83.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.20. The firm had revenue of $324.48 million during the quarter, compared to the consensus estimate of $303.60 million. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. Research analysts expect that e.l.f. Beauty, Inc. will post 2.88 earnings per share for the current year.

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

Several hedge funds and other institutional investors have recently modified their holdings of the company. Guidance Capital Inc. boosted its holdings in shares of e.l.f. Beauty by 1.6% during the fourth quarter. Guidance Capital Inc. now owns 3,510 shares of the company’s stock valued at $490,000 after acquiring an additional 56 shares during the period. Picton Mahoney Asset Management boosted its holdings in shares of e.l.f. Beauty by 3.2% during the second quarter. Picton Mahoney Asset Management now owns 2,430 shares of the company’s stock valued at $512,000 after acquiring an additional 75 shares during the period. Hanseatic Management Services Inc. boosted its holdings in shares of e.l.f. Beauty by 1.7% during the second quarter. Hanseatic Management Services Inc. now owns 4,507 shares of the company’s stock valued at $950,000 after acquiring an additional 77 shares during the period. GAMMA Investing LLC raised its stake in shares of e.l.f. Beauty by 33.2% during the first quarter. GAMMA Investing LLC now owns 353 shares of the company’s stock valued at $69,000 after purchasing an additional 88 shares in the last quarter. Finally, American International Group Inc. raised its stake in shares of e.l.f. Beauty by 0.3% during the fourth quarter. American International Group Inc. now owns 29,435 shares of the company’s stock valued at $4,249,000 after purchasing an additional 90 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on ELF. JPMorgan Chase & Co. cut their price target on shares of e.l.f. Beauty from $224.00 to $207.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Truist Financial raised their price target on shares of e.l.f. Beauty from $200.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Bank of America dropped their price objective on shares of e.l.f. Beauty from $230.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, September 9th. B. Riley started coverage on shares of e.l.f. Beauty in a research note on Tuesday, September 10th. They set a “buy” rating and a $175.00 price objective on the stock. Finally, Canaccord Genuity Group lifted their price objective on shares of e.l.f. Beauty from $214.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, e.l.f. Beauty has an average rating of “Moderate Buy” and a consensus target price of $198.80.

About e.l.f. Beauty

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.