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

e.l.f. Beauty, Inc. (NYSE:ELF) CEO Tarang Amin sold 74,451 shares of the stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $166.40, for a total value of $12,388,646.40. Following the sale, the chief executive officer now owns 316,161 shares in the company, valued at approximately $52,609,190.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 Monday. The firm has a market cap of $8.70 billion, a P/E ratio of 69.35, a PEG ratio of 1.46 and a beta of 1.57. e.l.f. Beauty, Inc. has a twelve month low of $83.80 and a twelve month high of $221.83. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 1.50. The firm’s 50 day moving average price is $186.27 and its two-hundred day moving average price is $149.60.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Guidance Capital Inc. raised its position in e.l.f. Beauty by 1.6% in the 4th quarter. Guidance Capital Inc. now owns 3,510 shares of the company’s stock valued at $490,000 after buying an additional 56 shares during the last quarter. First Trust Direct Indexing L.P. grew its stake in shares of e.l.f. Beauty by 3.2% during the 4th quarter. First Trust Direct Indexing L.P. now owns 2,106 shares of the company’s stock worth $304,000 after acquiring an additional 65 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of e.l.f. Beauty by 0.3% in the fourth quarter. State of Alaska Department of Revenue now owns 33,993 shares of the company’s stock valued at $4,906,000 after purchasing an additional 85 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of e.l.f. Beauty by 33.2% in 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 during the last quarter. Finally, American International Group Inc. boosted its holdings in 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 worth $4,249,000 after purchasing an additional 90 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Raymond James raised their price target on shares of e.l.f. Beauty from $140.00 to $180.00 and gave the company a “strong-buy” rating in a report on Monday, January 22nd. DA Davidson restated a “buy” rating and issued a $220.00 price target on shares of e.l.f. Beauty in a research report on Monday, April 8th. TD Cowen upgraded e.l.f. Beauty from a “hold” rating to a “buy” rating and dropped their price objective for the company from $220.00 to $190.00 in a report on Wednesday, April 17th. Morgan Stanley raised their target price on 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. Finally, JPMorgan Chase & Co. upped their price target on e.l.f. Beauty from $130.00 to $175.00 and gave the company an “overweight” rating in a research note on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.