e.l.f. Beauty, Inc. (NYSE:ELF) CEO Sells $2,835,033.48 in Stock

e.l.f. Beauty, Inc. (NYSE:ELF - Get Free Report) CEO Tarang Amin sold 24,533 shares of the business's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $115.56, for a total value of $2,835,033.48. Following the sale, the chief executive officer now owns 188,991 shares in the company, valued at $21,839,799.96. This represents a 11.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, April 21st, Tarang Amin sold 97,915 shares of e.l.f. Beauty stock. The shares were sold at an average price of $53.36, for a total transaction of $5,224,744.40.

e.l.f. Beauty Trading Up 1.2%

Shares of e.l.f. Beauty stock traded up $1.43 on Friday, reaching $117.23. 940,218 shares of the company's stock were exchanged, compared to its average volume of 2,510,254. The company has a market capitalization of $6.61 billion, a P/E ratio of 69.33, a price-to-earnings-growth ratio of 6.76 and a beta of 1.31. 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 debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. The firm's 50-day moving average is $71.30 and its two-hundred day moving average is $91.67.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its earnings results on Wednesday, May 28th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.06. The business had revenue of $332.65 million for the quarter, compared to analyst estimates of $327.45 million. e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. e.l.f. Beauty's revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.53 earnings per share. Sell-side analysts predict that e.l.f. Beauty, Inc. will post 2.38 EPS for the current fiscal year.

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

A number of large investors have recently modified their holdings of the company. Blue Trust Inc. boosted its holdings in e.l.f. Beauty by 52.1% during the fourth quarter. Blue Trust Inc. now owns 785 shares of the company's stock worth $99,000 after purchasing an additional 269 shares during the last quarter. abrdn plc boosted its holdings in shares of e.l.f. Beauty by 92.9% in the fourth quarter. abrdn plc now owns 148,236 shares of the company's stock worth $18,842,000 after acquiring an additional 71,373 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of e.l.f. Beauty by 14.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,942 shares of the company's stock worth $4,823,000 after buying an additional 4,823 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its stake in e.l.f. Beauty by 84.9% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 429 shares of the company's stock worth $54,000 after purchasing an additional 197 shares in the last quarter. Finally, Stephens Inc. AR increased its stake in e.l.f. Beauty by 9.3% in the 4th quarter. Stephens Inc. AR now owns 6,484 shares of the company's stock worth $814,000 after acquiring an additional 553 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ELF. B. Riley restated a "buy" rating and issued a $90.00 price target (down from $150.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. JPMorgan Chase & Co. boosted their price objective on shares of e.l.f. Beauty from $70.00 to $123.00 and gave the stock an "overweight" rating in a research note on Friday, May 30th. Morgan Stanley increased their price objective on e.l.f. Beauty from $70.00 to $105.00 and gave the company an "equal weight" rating in a report on Thursday, May 29th. Piper Sandler reaffirmed an "overweight" rating and set a $109.00 target price (up from $81.00) on shares of e.l.f. Beauty in a report on Thursday, May 29th. Finally, Canaccord Genuity Group set a $114.00 price target on e.l.f. Beauty in a research report on Thursday, May 29th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $120.71.

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.