Insider Selling: e.l.f. Beauty, Inc. (NYSE:ELF) CEO Sells $282,852.05 in Stock

e.l.f. Beauty, Inc. (NYSE:ELF) CEO Tarang Amin sold 2,405 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $117.61, for a total transaction of $282,852.05. Following the completion of the transaction, the chief executive officer now directly owns 186,586 shares of the company’s stock, valued at approximately $21,944,379.46. The trade was a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, June 4th, Tarang Amin sold 24,533 shares of e.l.f. Beauty stock. The stock was sold at an average price of $115.56, for a total transaction of $2,835,033.48.
• On Monday, April 21st, Tarang Amin sold 97,915 shares of e.l.f. Beauty stock. The stock was sold at an average price of $53.36, for a total transaction of $5,224,744.40.

e.l.f. Beauty Trading Up 5.7%

NYSE:ELF opened at $124.67 on Thursday. The company’s 50 day moving average price is $76.00 and its 200-day moving average price is $91.59. e.l.f. Beauty, Inc. has a 52 week low of $49.40 and a 52 week high of $219.77. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. The stock has a market cap of $7.02 billion, a price-to-earnings ratio of 73.77, a PEG ratio of 6.76 and a beta of 1.52.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Wednesday, May 28th. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. The firm had revenue of $332.65 million for the quarter, compared to analysts’ expectations of $327.45 million. During the same quarter in the prior year, the company posted $0.53 earnings per share. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, equities research analysts forecast that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

Institutional Investors Weigh In On e.l.f. Beauty

Institutional investors have recently made changes to their positions in the company. Truist Financial Corp boosted its holdings in e.l.f. Beauty by 1.3% in the fourth quarter. Truist Financial Corp now owns 7,885 shares of the company’s stock worth $990,000 after purchasing an additional 102 shares during the last quarter. Arizona State Retirement System boosted its holdings in e.l.f. Beauty by 0.8% in the fourth quarter. Arizona State Retirement System now owns 16,365 shares of the company’s stock worth $2,055,000 after purchasing an additional 128 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in e.l.f. Beauty by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 23,630 shares of the company’s stock worth $2,967,000 after purchasing an additional 140 shares during the last quarter. Atria Wealth Solutions Inc. boosted its holdings in e.l.f. Beauty by 7.7% in the fourth quarter. Atria Wealth Solutions Inc. now owns 2,089 shares of the company’s stock worth $262,000 after purchasing an additional 150 shares during the last quarter. Finally, Horizon Investments LLC boosted its holdings in e.l.f. Beauty by 29.0% in the fourth quarter. Horizon Investments LLC now owns 742 shares of the company’s stock worth $93,000 after purchasing an additional 167 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on ELF. UBS Group increased their price target on shares of e.l.f. Beauty from $59.00 to $84.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 21st. The Goldman Sachs Group cut their price objective on shares of e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Morgan Stanley upped their price objective on shares of e.l.f. Beauty from $70.00 to $105.00 and gave the stock an “equal weight” rating in a report on Thursday, May 29th. DA Davidson cut their price objective on shares of e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Finally, Jefferies Financial Group set a $115.00 price objective on shares of e.l.f. Beauty and gave the stock a “buy” rating in a report on Thursday, May 29th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, e.l.f. Beauty has a consensus rating of “Moderate Buy” and an average target price of $120.71.

About e.l.f. Beauty

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.