e.l.f. Beauty, Inc. (NYSE:ELF) CEO Sells $1,111,088.16 in Stock

e.l.f. Beauty, Inc. (NYSE:ELF) CEO Tarang Amin sold 6,832 shares of the stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $162.63, for a total value of $1,111,088.16. Following the sale, the chief executive officer now directly owns 228,175 shares of the company’s stock, valued at $37,108,100.25. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• 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 Down 6.4 %

NYSE:ELF traded down $10.78 during mid-day trading on Friday, hitting $156.73. The company had a trading volume of 2,661,299 shares, compared to its average volume of 1,564,087. e.l.f. Beauty, Inc. has a 1 year low of $83.80 and a 1 year high of $221.83. The firm has a market capitalization of $8.70 billion, a price-to-earnings ratio of 69.59, a PEG ratio of 1.54 and a beta of 1.57. The company has a current ratio of 1.50, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27. The business has a fifty day simple moving average of $186.62 and a 200-day simple moving average of $148.57.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Tuesday, February 6th. The company reported $0.58 earnings per share (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 business had revenue of $270.94 million for the quarter, compared to analyst estimates of $239.66 million. Equities analysts forecast that e.l.f. Beauty, Inc. will post 2.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ELF. Stifel Nicolaus increased their target price on e.l.f. Beauty from $141.00 to $167.00 and gave the stock a “hold” rating in a research note on Wednesday, February 7th. Robert W. Baird assumed coverage on e.l.f. Beauty in a research note on Tuesday, January 30th. They issued a “neutral” rating and a $185.00 price objective for the company. TD Cowen raised e.l.f. Beauty from a “hold” rating to a “buy” rating and dropped their price objective for the company from $220.00 to $190.00 in a research note on Wednesday. Bank of America increased their target price on e.l.f. Beauty from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Finally, JPMorgan Chase & Co. increased their target price on e.l.f. Beauty from $130.00 to $175.00 and gave the company an “overweight” rating in a report on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $184.33.

Institutional Trading of e.l.f. Beauty

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. increased its position in shares of e.l.f. Beauty by 0.9% during the first quarter. BlackRock Inc. now owns 7,287,057 shares of the company’s stock worth $188,224,000 after acquiring an additional 67,611 shares during the last quarter. Vanguard Group Inc. increased its holdings in 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 during the last quarter. Wellington Management Group LLP increased its holdings 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 valued at $366,744,000 after buying an additional 126,231 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings 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 valued at $269,961,000 after buying an additional 33,243 shares during the last quarter. Finally, State Street Corp increased its holdings 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 valued at $198,545,000 after buying an additional 47,142 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

e.l.f. Beauty Company Profile

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.