Tarang Amin Sells 74,451 Shares of e.l.f. Beauty, Inc. (NYSE:ELF) Stock

e.l.f. Beauty, Inc. (NYSE:ELF) CEO Tarang Amin sold 74,451 shares of the stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $166.40, for a total transaction of $12,388,646.40. Following the sale, the chief executive officer now directly owns 316,161 shares in the company, valued at $52,609,190.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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 Price Performance

NYSE:ELF traded down $10.78 during trading hours on Friday, reaching $156.73. 2,661,299 shares of the company’s stock were exchanged, compared to its average volume of 1,564,087. The business’s 50-day simple moving average is $186.62 and its two-hundred day simple moving average is $148.57. The company has a market capitalization of $8.70 billion, a P/E ratio of 69.59, a price-to-earnings-growth ratio of 1.54 and a beta of 1.57. e.l.f. Beauty, Inc. has a 12 month low of $83.80 and a 12 month high of $221.83. The company has a quick ratio of 0.83, a current ratio of 1.50 and a debt-to-equity ratio of 0.27.

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

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Stifel Nicolaus upped their target price on shares of e.l.f. Beauty from $141.00 to $167.00 and gave the company a “hold” rating in a research report on Wednesday, February 7th. DA Davidson reiterated a “buy” rating and set a $220.00 price target on shares of e.l.f. Beauty in a report on Monday, April 8th. TD Cowen upgraded shares of e.l.f. Beauty from a “hold” rating to a “buy” rating and decreased their price objective for the company from $220.00 to $190.00 in a research note on Wednesday. Bank of America boosted their price target on e.l.f. Beauty from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Finally, StockNews.com cut shares of e.l.f. Beauty from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. One equities 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $184.33.

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

A number of institutional investors have recently made changes to their positions in ELF. Harbor Investment Advisory LLC acquired a new stake in shares of e.l.f. Beauty during the first quarter worth approximately $31,000. Armstrong Advisory Group Inc. grew its stake in e.l.f. Beauty by 390.2% in the fourth quarter. Armstrong Advisory Group Inc. now owns 201 shares of the company’s stock valued at $29,000 after purchasing an additional 160 shares in the last quarter. Rise Advisors LLC acquired a new position in shares of e.l.f. Beauty during the 1st quarter worth about $40,000. GPS Wealth Strategies Group LLC raised its stake in e.l.f. Beauty by 66.4% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 243 shares of the company’s stock valued at $35,000 after acquiring an additional 97 shares during the period. Finally, GAMMA Investing LLC bought a new position in shares of e.l.f. Beauty during the fourth quarter worth approximately $42,000. 92.44% of the stock is currently owned by 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.