e.l.f. Beauty, Inc. (NYSE:ELF) CEO Sells $3,850,060.30 in Stock

e.l.f. Beauty, Inc. (NYSE:ELF) CEO Tarang Amin sold 23,519 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $163.70, for a total value of $3,850,060.30. Following the transaction, the chief executive officer now owns 10,890 shares in the company, valued at $1,782,693. 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 Thursday, April 18th, Tarang Amin sold 74,451 shares of e.l.f. Beauty stock. The shares were sold at an average price of $166.40, for a total transaction 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.
• On Tuesday, March 5th, Tarang Amin sold 23,519 shares of e.l.f. Beauty stock. The shares were sold at an average price of $198.89, for a total transaction of $4,677,693.91.

e.l.f. Beauty Stock Performance

ELF stock traded down $2.34 during mid-day trading on Wednesday, reaching $161.27. 803,600 shares of the stock traded hands, compared to its average volume of 1,557,761. The company has a quick ratio of 0.83, a current ratio of 1.50 and a debt-to-equity ratio of 0.27. The business has a 50-day moving average of $183.66 and a two-hundred day moving average of $155.11. The firm has a market capitalization of $8.95 billion, a PE ratio of 72.39, a P/E/G ratio of 1.50 and a beta of 1.60. e.l.f. Beauty, Inc. has a 52 week low of $83.80 and a 52 week high of $221.83.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.47 by $0.11. The firm had revenue of $270.94 million during the quarter, compared to analysts’ expectations of $239.66 million. e.l.f. Beauty had a return on equity of 28.98% and a net margin of 14.53%. As a group, equities analysts predict that e.l.f. Beauty, Inc. will post 2.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Robert W. Baird began coverage on e.l.f. Beauty in a report on Tuesday, January 30th. They set a “neutral” rating and a $185.00 target price on the stock. Stifel Nicolaus raised their price target on shares of e.l.f. Beauty from $141.00 to $167.00 and gave the stock a “hold” rating in a research report on Wednesday, February 7th. DA Davidson restated a “buy” rating and issued a $220.00 target price on shares of e.l.f. Beauty in a research note on Monday, April 8th. Raymond James raised their price target on shares of e.l.f. Beauty from $140.00 to $180.00 and gave the company a “strong-buy” rating in a research note on Monday, January 22nd. Finally, Bank of America increased their price objective on e.l.f. Beauty from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, e.l.f. Beauty has an average rating of “Moderate Buy” and a consensus price target of $184.33.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Harbor Investment Advisory LLC bought a new stake in shares of e.l.f. Beauty during the first quarter valued at approximately $31,000. Oakworth Capital Inc. acquired a new stake in e.l.f. Beauty in the first quarter worth about $33,000. Armstrong Advisory Group Inc. raised its holdings in e.l.f. Beauty by 390.2% during the 4th quarter. Armstrong Advisory Group Inc. now owns 201 shares of the company’s stock worth $29,000 after purchasing an additional 160 shares during the last quarter. Rise Advisors LLC acquired a new position in e.l.f. Beauty during the 1st quarter valued at about $40,000. Finally, GPS Wealth Strategies Group LLC boosted its stake in shares of 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 purchasing an additional 97 shares during the last quarter. 92.44% of the stock is owned by institutional investors.

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.