Tarang Amin Sells 69,703 Shares of e.l.f. Beauty, Inc. (NYSE:ELF) Stock

e.l.f. Beauty, Inc. (NYSE:ELF – Get Rating) CEO Tarang Amin sold 69,703 shares of the firm’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $72.47, for a total value of $5,051,376.41. Following the sale, the chief executive officer now directly owns 286,964 shares of the company’s stock, valued at approximately $20,796,281.08. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Thursday, March 2nd, Tarang Amin sold 30,569 shares of e.l.f. Beauty stock. The stock was sold at an average price of $72.84, for a total value of $2,226,645.96.
• On Thursday, January 5th, Tarang Amin sold 39,740 shares of e.l.f. Beauty stock. The stock was sold at an average price of $55.56, for a total value of $2,207,954.40.

e.l.f. Beauty Price Performance

Shares of e.l.f. Beauty stock opened at $71.13 on Friday. The company has a current ratio of 3.00, a quick ratio of 2.08 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $3.79 billion, a PE ratio of 83.68, a price-to-earnings-growth ratio of 2.25 and a beta of 1.49. The business’s 50-day moving average price is $64.17 and its 200-day moving average price is $52.11. e.l.f. Beauty, Inc. has a 12 month low of $20.49 and a 12 month high of $76.01.

e.l.f. Beauty (NYSE:ELF – Get Rating) last released its quarterly earnings data on Wednesday, February 1st. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.21. The business had revenue of $146.54 million during the quarter, compared to analysts’ expectations of $121.82 million. e.l.f. Beauty had a return on equity of 15.00% and a net margin of 9.43%. Sell-side analysts forecast that e.l.f. Beauty, Inc. will post 1.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Morgan Stanley raised their price target on e.l.f. Beauty from $64.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, February 2nd. Canaccord Genuity Group lifted their target price on e.l.f. Beauty from $63.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, February 2nd. Jefferies Financial Group cut e.l.f. Beauty from a “buy” rating to a “hold” rating and set a $55.00 target price on the stock. in a research report on Monday, January 9th. Cowen lifted their price target on e.l.f. Beauty from $36.00 to $70.00 and gave the company a “market perform” rating in a research note on Thursday, February 16th. Finally, Canaccord Genuity Group assumed coverage on e.l.f. Beauty in a research note on Wednesday, November 16th. They issued a “buy” rating on the stock. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $68.17.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Point72 Middle East FZE purchased a new position in e.l.f. Beauty during the fourth quarter valued at $28,000. Covestor Ltd raised its stake in e.l.f. Beauty by 8,340.0% during the first quarter. Covestor Ltd now owns 1,266 shares of the company’s stock valued at $33,000 after buying an additional 1,251 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in e.l.f. Beauty during the fourth quarter valued at $46,000. Optimum Investment Advisors purchased a new position in e.l.f. Beauty during the fourth quarter valued at $55,000. Finally, Signaturefd LLC increased its holdings in shares of e.l.f. Beauty by 298.5% in the 4th quarter. Signaturefd LLC now owns 1,068 shares of the company’s stock worth $59,000 after purchasing an additional 800 shares in the last quarter. Hedge funds and other institutional investors own 95.14% of the company’s stock.

About e.l.f. Beauty

(Get Rating)

e.l.f. Beauty, Inc operates as a holding company, which engages in the provision of cosmetic and skin-care products. The company focuses on the e-commerce, national retailers, and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare. The company was founded in 2004 and is headquartered in Oakland, CA.