Insider Selling: e.l.f. Beauty, Inc. (NYSE:ELF) CEO Sells 23,528 Shares of Stock

e.l.f. Beauty, Inc. (NYSE:ELF) CEO Tarang Amin sold 23,528 shares of e.l.f. Beauty stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the transaction, the chief executive officer now owns 106,016 shares in the company, valued at $14,465,883.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Monday, August 5th, Tarang Amin sold 548 shares of e.l.f. Beauty stock. The stock was sold at an average price of $175.00, for a total transaction of $95,900.00.
• On Friday, July 5th, Tarang Amin sold 15,386 shares of e.l.f. Beauty stock. The shares were sold at an average price of $200.85, for a total value of $3,090,278.10.

e.l.f. Beauty Stock Down 1.0 %

Shares of ELF stock opened at $111.80 on Tuesday. e.l.f. Beauty, Inc. has a 12 month low of $88.47 and a 12 month high of $221.83. The firm has a market cap of $6.25 billion, a PE ratio of 50.36, a price-to-earnings-growth ratio of 2.37 and a beta of 1.44. The stock has a 50 day moving average of $152.06 and a 200-day moving average of $173.47. The company has a quick ratio of 1.10, a current ratio of 1.77 and a debt-to-equity ratio of 0.23.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.20. e.l.f. Beauty had a return on equity of 23.30% and a net margin of 10.80%. The company had revenue of $324.48 million during the quarter, compared to analyst estimates of $303.60 million. On average, equities analysts predict that e.l.f. Beauty, Inc. will post 2.88 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Piper Sandler cut their price target on e.l.f. Beauty from $260.00 to $162.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. DA Davidson reissued a “buy” rating and issued a $223.00 price target on shares of e.l.f. Beauty in a research note on Wednesday, September 18th. Stifel Nicolaus boosted their price target on e.l.f. Beauty from $151.00 to $161.00 and gave the company a “hold” rating in a research note on Monday, July 22nd. Truist Financial boosted their price target on e.l.f. Beauty from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Finally, B. Riley assumed coverage on e.l.f. Beauty in a research note on Tuesday, September 10th. They issued a “buy” rating and a $175.00 price target for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $198.80.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ELF. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of e.l.f. Beauty in the second quarter valued at $6,237,000. Newbridge Financial Services Group Inc. raised its stake in shares of e.l.f. Beauty by 505.0% in the second quarter. Newbridge Financial Services Group Inc. now owns 605 shares of the company’s stock valued at $127,000 after purchasing an additional 505 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of e.l.f. Beauty in the second quarter valued at $1,102,000. Clearbridge Investments LLC raised its stake in shares of e.l.f. Beauty by 84.4% in the second quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock valued at $265,432,000 after purchasing an additional 576,383 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of e.l.f. Beauty by 33.8% in the second quarter. Cetera Investment Advisers now owns 39,319 shares of the company’s stock valued at $8,285,000 after purchasing an additional 9,939 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

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.