e.l.f. Beauty (NYSE:ELF) CEO Tarang Amin Sells 50,164 Shares

e.l.f. Beauty (NYSE:ELF) CEO Tarang Amin sold 50,164 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $78.24, for a total value of $3,924,831.36. Following the sale, the chief executive officer owned 110,496 shares of the company’s stock, valued at $8,645,207.04. This represents a 31.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, April 27th, Tarang Amin sold 41,520 shares of e.l.f. Beauty stock. The shares were sold at an average price of $63.66, for a total value of $2,643,163.20.

e.l.f. Beauty Stock Down 3.2%

Shares of NYSE:ELF opened at $76.23 on Friday. The stock has a 50-day simple moving average of $60.06 and a 200-day simple moving average of $71.91. The stock has a market capitalization of $4.53 billion, a P/E ratio of 165.73, a PEG ratio of 3.06 and a beta of 1.59. e.l.f. Beauty has a 1 year low of $48.82 and a 1 year high of $150.99. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.69 and a current ratio of 2.35.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Wednesday, May 20th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.29 by $0.03. The firm had revenue of $449.29 million for the quarter, compared to analyst estimates of $423.06 million. e.l.f. Beauty had a net margin of 1.61% and a return on equity of 11.02%. e.l.f. Beauty’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.78 earnings per share. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. Equities analysts forecast that e.l.f. Beauty will post 2.42 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets increased its holdings in e.l.f. Beauty by 3,131.7% during the 4th quarter. BNP Paribas Financial Markets now owns 924,902 shares of the company’s stock worth $70,330,000 after purchasing an additional 896,282 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of e.l.f. Beauty by 47.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,197,319 shares of the company’s stock valued at $167,086,000 after purchasing an additional 711,540 shares in the last quarter. Swedbank AB boosted its stake in shares of e.l.f. Beauty by 97.0% during the 4th quarter. Swedbank AB now owns 1,364,801 shares of the company’s stock valued at $103,779,000 after buying an additional 672,071 shares during the last quarter. Armistice Capital LLC boosted its stake in shares of e.l.f. Beauty by 394.9% during the 4th quarter. Armistice Capital LLC now owns 657,983 shares of the company’s stock valued at $50,033,000 after buying an additional 525,018 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of e.l.f. Beauty during the fourth quarter worth approximately $38,895,000. 92.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ELF has been the topic of several recent research reports. Bank of America reduced their target price on shares of e.l.f. Beauty from $93.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. B. Riley Financial cut their price objective on e.l.f. Beauty from $130.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, May 26th. Piper Sandler restated a “neutral” rating on shares of e.l.f. Beauty in a research note on Friday, June 12th. Sanford C. Bernstein started coverage on e.l.f. Beauty in a research note on Thursday, June 11th. They set a “market perform” rating and a $60.00 price objective on the stock. Finally, Canaccord Genuity Group decreased their target price on e.l.f. Beauty from $100.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $78.31.

About e.l.f. Beauty

e.l.f. Beauty (NYSE: ELF) is an American cosmetics company known for offering an extensive range of affordable, trend-driven makeup and skincare products. The company’s portfolio spans foundations, lipsticks, mascaras, brushes, serums, masks and other beauty essentials, all positioned at accessible price points. e.l.f. Beauty maintains a direct-to-consumer platform through its e-commerce site and engages in widespread retail partnerships with major chains such as Target, Walmart, Ulta Beauty and Amazon.

Founded in 2004 and headquartered in Oakland, California, e.l.f.