e.l.f. Beauty (NYSE:ELF) CEO Tarang Amin Sells 50,164 Shares of Stock

e.l.f. Beauty (NYSE:ELF) CEO Tarang Amin sold 50,164 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $78.24, for a total value of $3,924,831.36. Following the completion of the transaction, the chief executive officer owned 110,496 shares of the company’s stock, valued at approximately $8,645,207.04. This represents a 31.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 value of $2,643,163.20.

e.l.f. Beauty Stock Down 3.2%

Shares of NYSE ELF traded down $2.52 during trading hours on Thursday, hitting $76.23. The company had a trading volume of 3,873,113 shares, compared to its average volume of 2,914,654. e.l.f. Beauty has a 1-year low of $48.82 and a 1-year high of $150.99. The company has a quick ratio of 1.69, a current ratio of 2.35 and a debt-to-equity ratio of 0.72. The firm’s 50 day moving average is $59.87 and its 200-day moving average is $71.91. The stock has a market capitalization of $4.53 billion, a P/E ratio of 165.73, a price-to-earnings-growth ratio of 2.88 and a beta of 1.58.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, May 20th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. The business had revenue of $449.29 million for the quarter, compared to the consensus estimate of $423.06 million. e.l.f. Beauty had a net margin of 1.61% and a return on equity of 11.02%. The firm’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.78 earnings per share. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. On average, analysts expect that e.l.f. Beauty will post 2.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ELF has been the subject of several recent analyst reports. Citigroup cut 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. JPMorgan Chase & Co. dropped their price objective on e.l.f. Beauty from $85.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, May 21st. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $85.00 price objective on shares of e.l.f. Beauty in a research report on Thursday, May 21st. Piper Sandler reiterated a “neutral” rating on shares of e.l.f. Beauty in a research note on Friday, June 12th. Finally, Evercore began coverage on e.l.f. Beauty in a report on Thursday, April 2nd. They set an “inline” rating and a $68.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and an average price target of $78.31.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Cim Investment Management Inc. bought a new stake in shares of e.l.f. Beauty during the first quarter worth approximately $366,000. Bank of America Corp DE increased its stake in shares of e.l.f. Beauty by 45.9% during the first quarter. Bank of America Corp DE now owns 418,431 shares of the company’s stock worth $25,361,000 after purchasing an additional 131,572 shares during the period. Edgestream Partners L.P. increased its stake in shares of e.l.f. Beauty by 9.0% during the first quarter. Edgestream Partners L.P. now owns 19,727 shares of the company’s stock worth $1,196,000 after purchasing an additional 1,621 shares during the period. Centaurus Financial Inc. acquired a new stake in e.l.f. Beauty during the 1st quarter worth approximately $315,000. Finally, Amundi acquired a new stake in e.l.f. Beauty during the 1st quarter worth approximately $333,000. 92.44% of the stock is owned by institutional investors.

About e.l.f. Beauty

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.