Tarang Amin Sells 42,953 Shares of e.l.f. Beauty, Inc. (NYSE:ELF) Stock

e.l.f. Beauty, Inc. (NYSE:ELFGet Free Report) CEO Tarang Amin sold 42,953 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $184.96, for a total value of $7,944,586.88. Following the completion of the transaction, the chief executive officer now directly owns 258,667 shares in the company, valued at approximately $47,843,048.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Monday, May 6th, Tarang Amin sold 23,519 shares of e.l.f. Beauty stock. The stock was sold at an average price of $163.70, for a total value of $3,850,060.30.
  • On Thursday, April 18th, Tarang Amin sold 74,451 shares of e.l.f. Beauty stock. The stock was 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 stock was sold at an average price of $162.63, for a total value of $1,111,088.16.

e.l.f. Beauty Stock Performance

NYSE:ELF opened at $177.63 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.95 and a current ratio of 1.60. e.l.f. Beauty, Inc. has a 52-week low of $88.47 and a 52-week high of $221.83. The firm has a market cap of $9.94 billion, a price-to-earnings ratio of 80.01, a PEG ratio of 4.67 and a beta of 1.54. The business’s fifty day moving average is $171.07 and its 200 day moving average is $166.25.

Institutional Trading of e.l.f. Beauty

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cetera Advisors LLC bought a new stake in shares of e.l.f. Beauty during the 1st quarter valued at $640,000. Cetera Investment Advisers raised its stake in shares of e.l.f. Beauty by 492.9% during the 1st quarter. Cetera Investment Advisers now owns 29,380 shares of the company’s stock valued at $5,759,000 after purchasing an additional 24,425 shares during the period. Hancock Whitney Corp bought a new stake in shares of e.l.f. Beauty during the 1st quarter valued at $1,097,000. Motley Fool Asset Management LLC bought a new position in e.l.f. Beauty in the 1st quarter worth about $213,000. Finally, B. Riley Wealth Advisors Inc. increased its stake in e.l.f. Beauty by 57.9% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 9,830 shares of the company’s stock worth $1,927,000 after acquiring an additional 3,605 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ELF has been the topic of several research analyst reports. JPMorgan Chase & Co. cut their price objective on e.l.f. Beauty from $197.00 to $182.00 and set an “overweight” rating on the stock in a research report on Thursday, May 23rd. DA Davidson reissued a “buy” rating and issued a $220.00 price objective on shares of e.l.f. Beauty in a research report on Monday, June 3rd. Stifel Nicolaus dropped their price target on e.l.f. Beauty from $167.00 to $151.00 and set a “hold” rating on the stock in a research report on Monday, May 20th. TD Cowen upped their price target on e.l.f. Beauty from $190.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. Finally, Truist Financial upped their price target on e.l.f. Beauty from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, e.l.f. Beauty has a consensus rating of “Moderate Buy” and a consensus price target of $188.00.

Read Our Latest Research Report on ELF

About e.l.f. Beauty

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for e.l.f. Beauty (NYSE:ELF)

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