Insider Selling: e.l.f. Beauty, Inc. (NYSE:ELF) CEO Sells 97,915 Shares of Stock

e.l.f. Beauty, Inc. (NYSE:ELF - Get Free Report) CEO Tarang Amin sold 97,915 shares of the stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $53.36, for a total transaction of $5,224,744.40. Following the completion of the sale, the chief executive officer now owns 181,289 shares of the company's stock, valued at approximately $9,673,581.04. This trade represents a 35.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

e.l.f. Beauty Price Performance

Shares of ELF stock traded up $0.78 on Friday, reaching $61.44. The company's stock had a trading volume of 2,209,189 shares, compared to its average volume of 2,354,956. The company has a market capitalization of $3.47 billion, a P/E ratio of 36.36, a PEG ratio of 6.76 and a beta of 1.41. e.l.f. Beauty, Inc. has a 12-month low of $49.40 and a 12-month high of $219.77. The stock's 50 day simple moving average is $62.42 and its 200-day simple moving average is $97.55. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. As a group, equities analysts predict that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

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

Institutional investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC grew its position in e.l.f. Beauty by 33.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 6,981 shares of the company's stock worth $761,000 after purchasing an additional 1,753 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of e.l.f. Beauty during the third quarter worth about $25,000. Oddo BHF Asset Management Sas purchased a new position in shares of e.l.f. Beauty in the third quarter worth $1,160,000. Retirement Systems of Alabama grew its position in shares of e.l.f. Beauty by 83.6% during the third quarter. Retirement Systems of Alabama now owns 143,758 shares of the company's stock valued at $15,674,000 after purchasing an additional 65,448 shares in the last quarter. Finally, Logan Capital Management Inc. increased its position in e.l.f. Beauty by 6.4% in the third quarter. Logan Capital Management Inc. now owns 42,923 shares of the company's stock worth $4,680,000 after purchasing an additional 2,565 shares during the last quarter. 92.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ELF. Morgan Stanley reiterated an "equal weight" rating and set a $70.00 target price (down from $153.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Raymond James dropped their target price on shares of e.l.f. Beauty from $120.00 to $85.00 and set a "strong-buy" rating on the stock in a research note on Thursday, April 17th. Piper Sandler decreased their price target on shares of e.l.f. Beauty from $102.00 to $90.00 and set an "overweight" rating for the company in a research note on Monday, March 31st. The Goldman Sachs Group lowered their price target 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. Finally, B. Riley reissued a "buy" rating and set a $90.00 price objective (down from $150.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, e.l.f. Beauty has a consensus rating of "Moderate Buy" and a consensus target price of $117.41.

e.l.f. Beauty Company Profile

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.