Tarang Amin Sells 23,519 Shares of e.l.f. Beauty, Inc. (NYSE:ELF) Stock

e.l.f. Beauty, Inc. (NYSE:ELF) CEO Tarang Amin sold 23,519 shares of e.l.f. Beauty stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $163.70, for a total value of $3,850,060.30. Following the transaction, the chief executive officer now owns 10,890 shares in the company, valued at $1,782,693. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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 Friday, April 5th, Tarang Amin sold 6,832 shares of e.l.f. Beauty stock. The shares were sold at an average price of $162.63, for a total value of $1,111,088.16.
• 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 Price Performance

NYSE:ELF opened at $170.44 on Friday. The firm’s fifty day moving average price is $182.03 and its two-hundred day moving average price is $155.26. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.50 and a quick ratio of 0.83. The company has a market cap of $9.46 billion, a P/E ratio of 75.42, a P/E/G ratio of 1.50 and a beta of 1.60. e.l.f. Beauty, Inc. has a one year low of $83.80 and a one year high of $221.83.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $239.66 million. Equities analysts expect that e.l.f. Beauty, Inc. will post 2.5 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ELF. Cambridge Investment Research Advisors Inc. grew its stake in e.l.f. Beauty by 40.3% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 16,467 shares of the company’s stock valued at $1,809,000 after buying an additional 4,731 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in e.l.f. Beauty by 18.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 17,194 shares of the company’s stock valued at $1,888,000 after buying an additional 2,707 shares during the last quarter. Xponance Inc. grew its stake in e.l.f. Beauty by 6.3% in the 3rd quarter. Xponance Inc. now owns 3,135 shares of the company’s stock valued at $344,000 after buying an additional 185 shares during the last quarter. Raymond James & Associates grew its stake in e.l.f. Beauty by 17.2% in the 3rd quarter. Raymond James & Associates now owns 31,370 shares of the company’s stock valued at $3,445,000 after buying an additional 4,608 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its stake in e.l.f. Beauty by 10.7% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 3,336 shares of the company’s stock valued at $366,000 after buying an additional 323 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Morgan Stanley lifted their price target on e.l.f. Beauty from $168.00 to $184.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. DA Davidson reiterated a “buy” rating and set a $220.00 target price on shares of e.l.f. Beauty in a report on Monday, April 8th. Raymond James raised their price target on e.l.f. Beauty from $140.00 to $180.00 and gave the company a “strong-buy” rating in a research note on Monday, January 22nd. Bank of America upped their price objective on e.l.f. Beauty from $200.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Finally, Piper Sandler raised their target price on shares of e.l.f. Beauty from $225.00 to $228.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company 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.