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

e.l.f. Beauty (NYSE:ELF) CEO Tarang Amin sold 50,164 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer owned 110,496 shares of the company’s stock, valued at approximately $8,645,207.04. This trade 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 is available at this link.

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 stock was sold at an average price of $63.66, for a total transaction of $2,643,163.20.

e.l.f. Beauty Price Performance

NYSE:ELF opened at $76.23 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.35 and a quick ratio of 1.69. e.l.f. Beauty has a one year low of $48.82 and a one year high of $150.99. The company has a fifty day moving average price of $60.27 and a 200 day moving average price of $71.94. The stock has a market cap of $4.53 billion, a P/E ratio of 165.73, a PEG ratio of 2.97 and a beta of 1.59.

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

Institutional Trading of e.l.f. Beauty

Institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its stake in e.l.f. Beauty by 58.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock worth $39,000 after acquiring an additional 117 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of e.l.f. Beauty by 97.0% during the second quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock valued at $32,000 after acquiring an additional 128 shares during the period. Horizon Investments LLC lifted its holdings in shares of e.l.f. Beauty by 13.4% during the fourth quarter. Horizon Investments LLC now owns 1,089 shares of the company’s stock valued at $83,000 after acquiring an additional 129 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of e.l.f. Beauty by 0.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 17,246 shares of the company’s stock valued at $2,285,000 after purchasing an additional 144 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in shares of e.l.f. Beauty by 0.3% in the 2nd quarter. California State Teachers Retirement System now owns 52,055 shares of the company’s stock valued at $6,478,000 after purchasing an additional 152 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ELF shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $64.00 price target on shares of e.l.f. Beauty in a research note on Tuesday, June 16th. Piper Sandler restated a “neutral” rating on shares of e.l.f. Beauty in a research note on Friday, June 12th. Citigroup reduced their price objective on shares of e.l.f. Beauty from $115.00 to $87.00 and set a “buy” rating for the company in a report on Wednesday, April 15th. B. Riley Financial decreased their target price on shares of 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. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $85.00 target price on shares of e.l.f. Beauty in a research note 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 assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently 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.