e.l.f. Beauty, Inc. (NYSE:ELF) CEO Sells $12,388,646.40 in Stock

e.l.f. Beauty, Inc. (NYSE:ELF) CEO Tarang Amin sold 74,451 shares of the stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $166.40, for a total value of $12,388,646.40. Following the completion of the sale, the chief executive officer now directly owns 316,161 shares of the company’s stock, valued at $52,609,190.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• 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.
• 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 value of $4,677,693.91.

e.l.f. Beauty Stock Performance

Shares of NYSE:ELF opened at $156.73 on Friday. e.l.f. Beauty, Inc. has a twelve month low of $83.80 and a twelve month high of $221.83. The firm has a market cap of $8.70 billion, a PE ratio of 69.35, a price-to-earnings-growth ratio of 1.56 and a beta of 1.57. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 1.50. The business has a fifty day moving average of $186.27 and a 200-day moving average of $149.25.

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

Analysts Set New Price Targets

ELF has been the subject of several research reports. Truist Financial raised their target price on e.l.f. Beauty from $150.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. DA Davidson reaffirmed a “buy” rating and issued a $220.00 target price on shares of e.l.f. Beauty in a research report on Monday, April 8th. Robert W. Baird initiated coverage on e.l.f. Beauty in a research report on Tuesday, January 30th. They issued a “neutral” rating and a $185.00 target price for the company. JPMorgan Chase & Co. raised their target price on e.l.f. Beauty from $130.00 to $175.00 and gave the stock an “overweight” rating in a research report on Thursday, January 18th. Finally, TD Cowen raised e.l.f. Beauty from a “hold” rating to a “buy” rating and cut their price objective for the company from $220.00 to $190.00 in a report on Wednesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and an average price target of $184.33.

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 business. BlackRock Inc. increased its stake in shares of e.l.f. Beauty by 0.9% in the first quarter. BlackRock Inc. now owns 7,287,057 shares of the company’s stock valued at $188,224,000 after buying an additional 67,611 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of e.l.f. Beauty by 8.9% in the third quarter. Vanguard Group Inc. now owns 6,147,304 shares of the company’s stock valued at $231,262,000 after buying an additional 504,690 shares in the last quarter. Wellington Management Group LLP increased its position in e.l.f. Beauty by 5.2% in the fourth quarter. Wellington Management Group LLP now owns 2,540,832 shares of the company’s stock worth $366,744,000 after purchasing an additional 126,231 shares during the period. Price T Rowe Associates Inc. MD increased its position in e.l.f. Beauty by 1.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,870,307 shares of the company’s stock worth $269,961,000 after purchasing an additional 33,243 shares during the period. Finally, State Street Corp increased its position in e.l.f. Beauty by 2.8% in the second quarter. State Street Corp now owns 1,738,116 shares of the company’s stock worth $198,545,000 after purchasing an additional 47,142 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

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.