e.l.f. Beauty, Inc. (NYSE:ELF) CEO Tarang Amin Sells 6,832 Shares of Stock

e.l.f. Beauty, Inc. (NYSE:ELF) CEO Tarang Amin sold 6,832 shares of the company’s stock in a transaction on Friday, April 5th. The shares were 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 owns 228,175 shares of the company’s stock, valued at approximately $37,108,100.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, April 18th, Tarang Amin sold 74,451 shares of e.l.f. Beauty stock. The shares were sold at an average price of $166.40, for a total value of $12,388,646.40.
• 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 Stock Down 6.4 %

NYSE:ELF opened at $156.73 on Friday. The firm 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. e.l.f. Beauty, Inc. has a 1-year low of $83.80 and a 1-year high of $221.83. The company has a current ratio of 1.50, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27. The business’s fifty day moving average price is $186.27 and its 200 day moving average price is $148.90.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.58 earnings per share for the quarter, beating 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 firm had revenue of $270.94 million for the quarter, compared to analyst estimates of $239.66 million. On average, sell-side analysts forecast that e.l.f. Beauty, Inc. will post 2.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Dark Forest Capital Management LP purchased a new position in e.l.f. Beauty in the first quarter valued at about $27,000. Point72 Middle East FZE purchased a new position in e.l.f. Beauty in the fourth quarter valued at about $28,000. Householder Group Estate & Retirement Specialist LLC purchased a new position in e.l.f. Beauty in the third quarter valued at about $29,000. Armstrong Advisory Group Inc. grew its stake in 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 in the last quarter. Finally, Harbor Investment Advisory LLC purchased a new position in e.l.f. Beauty in the first quarter valued at about $31,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ELF shares. DA Davidson reaffirmed a “buy” rating and set a $220.00 target price on shares of e.l.f. Beauty in a research report on Monday, April 8th. StockNews.com lowered e.l.f. Beauty from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. Stifel Nicolaus boosted their target price on e.l.f. Beauty from $141.00 to $167.00 and gave the stock a “hold” rating in a research report on Wednesday, February 7th. Piper Sandler boosted their target price on e.l.f. Beauty from $225.00 to $228.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 9th. Finally, Bank of America boosted their target price on e.l.f. Beauty from $200.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $184.33.

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.