e.l.f. Beauty (NYSE:ELF) CEO Tarang Amin Sells 7,000 Shares

e.l.f. Beauty (NYSE:ELFGet Free Report) CEO Tarang Amin sold 7,000 shares of the firm’s stock in a transaction on Monday, June 9th. The stock was sold at an average price of $51.53, for a total transaction of $360,710.00. Following the transaction, the chief executive officer directly owned 128,593 shares in the company, valued at $6,626,397.29. The trade was a 5.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

  • On Monday, April 27th, Tarang Amin sold 41,520 shares of e.l.f. Beauty stock. The stock was sold at an average price of $63.66, for a total transaction of $2,643,163.20.
  • On Wednesday, April 1st, Tarang Amin sold 52,880 shares of e.l.f. Beauty stock. The stock was sold at an average price of $62.64, for a total transaction of $3,312,403.20.

e.l.f. Beauty Stock Up 4.5%

ELF stock opened at $60.76 on Friday. e.l.f. Beauty has a one year low of $48.82 and a one year high of $150.99. The stock has a market capitalization of $3.61 billion, a PE ratio of 132.09, a price-to-earnings-growth ratio of 2.39 and a beta of 1.63. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.69 and a current ratio of 2.35. The company has a fifty day moving average of $59.46 and a 200-day moving average of $72.93.

e.l.f. Beauty (NYSE:ELFGet Free Report) last released its earnings results on Wednesday, May 20th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.29 by $0.03. e.l.f. Beauty had a net margin of 1.61% and a return on equity of 11.02%. The company had revenue of $449.29 million during the quarter, compared to analysts’ expectations of $423.06 million. During the same quarter last year, the business earned $0.78 EPS. The business’s revenue was up 35.1% on a year-over-year basis. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. As a group, analysts expect that e.l.f. Beauty will post 2.41 EPS for the current year.

Key e.l.f. Beauty News

Here are the key news stories impacting e.l.f. Beauty this week:

  • Positive Sentiment: Options traders were unusually active on the bullish side, with 15,457 call options bought on e.l.f. Beauty — about 50% above the average — suggesting some investors are positioning for upside. Source article
  • Neutral Sentiment: Several executives sold shares on June 9 at $51.53, including CEO Tarang Amin, along with insiders Scott Milsten, Kory Marchisotto, Mandy J. Fields, Joshua Allen Franks, and Jennifer Catherine Hartnett. The sales were disclosed in SEC filings and appear to be routine insider transactions rather than a single company event. SEC filing
  • Negative Sentiment: The breadth of insider selling could weigh on sentiment, since multiple top leaders and employees trimmed holdings at the same price, which may make investors cautious despite the company’s recent operational progress. SEC filing

Institutional Trading of e.l.f. Beauty

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Cim Investment Management Inc. acquired a new stake in shares of e.l.f. Beauty in the first quarter valued at about $366,000. Bank of America Corp DE lifted its stake in shares of e.l.f. Beauty by 45.9% in the first quarter. Bank of America Corp DE now owns 418,431 shares of the company’s stock valued at $25,361,000 after purchasing an additional 131,572 shares during the period. Edgestream Partners L.P. lifted its stake in shares of e.l.f. Beauty by 9.0% in the first quarter. Edgestream Partners L.P. now owns 19,727 shares of the company’s stock valued at $1,196,000 after purchasing an additional 1,621 shares during the period. Centaurus Financial Inc. acquired a new stake in shares of e.l.f. Beauty in the first quarter valued at about $315,000. Finally, Amundi acquired a new stake in shares of e.l.f. Beauty in the first quarter valued at about $333,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ELF shares. Raymond James Financial restated a “strong-buy” rating and issued a $85.00 target price on shares of e.l.f. Beauty in a research note on Thursday, May 21st. Citigroup reduced their target price on shares of e.l.f. Beauty from $115.00 to $87.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Sanford C. Bernstein set a $60.00 target price on shares of e.l.f. Beauty and gave the stock a “market perform” rating in a research note on Thursday. JPMorgan Chase & Co. reduced their target price on shares of e.l.f. Beauty from $85.00 to $80.00 and set an “overweight” rating for the company in a research note on Thursday, May 21st. Finally, Canaccord Genuity Group reduced their target price on shares of e.l.f. Beauty from $100.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.38.

Read Our Latest Research Report on ELF

e.l.f. Beauty Company Profile

(Get Free Report)

e.l.f. Beauty (NYSE: ELF) is an American cosmetics company known for offering an extensive range of affordable, trend-driven makeup and skincare products. The company’s portfolio spans foundations, lipsticks, mascaras, brushes, serums, masks and other beauty essentials, all positioned at accessible price points. e.l.f. Beauty maintains a direct-to-consumer platform through its e-commerce site and engages in widespread retail partnerships with major chains such as Target, Walmart, Ulta Beauty and Amazon.

Founded in 2004 and headquartered in Oakland, California, e.l.f.

Further Reading

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

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