Insider Selling: e.l.f. Beauty, Inc. (NYSE:ELF) CEO Sells 23,519 Shares of 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 shares were sold at an average price of $163.70, for a total transaction of $3,850,060.30. Following the transaction, the chief executive officer now directly owns 10,890 shares of the company’s stock, valued at $1,782,693. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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 transaction 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 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 Price Performance

Shares of e.l.f. Beauty stock opened at $170.44 on Friday. e.l.f. Beauty, Inc. has a one year low of $83.80 and a one year high of $221.83. The stock’s fifty day moving average is $182.03 and its 200 day moving average is $155.26. The stock 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. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 1.50.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Tuesday, February 6th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.11. e.l.f. Beauty had a return on equity of 28.98% and a net margin of 14.53%. The company had revenue of $270.94 million for the quarter, compared to analysts’ expectations of $239.66 million. Sell-side analysts anticipate that e.l.f. Beauty, Inc. will post 2.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ELF. JPMorgan Chase & Co. upped their price objective on e.l.f. Beauty from $130.00 to $175.00 and gave the company an “overweight” rating in a research report on Thursday, January 18th. StockNews.com downgraded e.l.f. Beauty from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. Stifel Nicolaus increased their target price on e.l.f. Beauty from $141.00 to $167.00 and gave the company a “hold” rating in a research note on Wednesday, February 7th. Robert W. Baird started coverage on e.l.f. Beauty in a research note on Tuesday, January 30th. They set a “neutral” rating and a $185.00 target price on the stock. Finally, Raymond James increased their target price 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $184.33.

Hedge Funds Weigh In On e.l.f. Beauty

Institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP increased its holdings in shares of e.l.f. Beauty by 235.8% in the third quarter. Wellington Management Group LLP now owns 2,414,601 shares of the company’s stock worth $265,196,000 after purchasing an additional 1,695,585 shares during the last quarter. FMR LLC grew its position in e.l.f. Beauty by 641.2% in the third quarter. FMR LLC now owns 832,404 shares of the company’s stock worth $91,423,000 after acquiring an additional 720,098 shares in the last quarter. Norges Bank purchased a new position in e.l.f. Beauty in the fourth quarter worth about $95,611,000. William Blair Investment Management LLC grew its position in e.l.f. Beauty by 58.2% in the third quarter. William Blair Investment Management LLC now owns 1,424,268 shares of the company’s stock worth $156,427,000 after acquiring an additional 523,903 shares in the last quarter. Finally, Lord Abbett & CO. LLC grew its position in e.l.f. Beauty by 152.6% in the third quarter. Lord Abbett & CO. LLC now owns 421,219 shares of the company’s stock worth $46,262,000 after acquiring an additional 254,469 shares in the last quarter. 92.44% of the stock is owned by institutional investors.

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.