e.l.f. Beauty, Inc. (NYSE:ELF) CEO Tarang Amin Sells 97,915 Shares

by · The Markets Daily

e.l.f. Beauty, Inc. (NYSE:ELF – Get Free Report) CEO Tarang Amin sold 97,915 shares of the business’s stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $53.36, for a total value of $5,224,744.40. Following the transaction, the chief executive officer now directly owns 181,289 shares in the company, valued at $9,673,581.04. The trade was a 35.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

e.l.f. Beauty Price Performance

ELF opened at $55.37 on Wednesday. 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 company’s 50-day simple moving average is $63.20 and its two-hundred day simple moving average is $98.47. The stock has a market capitalization of $3.12 billion, a P/E ratio of 32.76, a P/E/G ratio of 6.76 and a beta of 1.41.

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

Institutional Trading of e.l.f. Beauty

Hedge funds have recently modified their holdings of the company. Nemes Rush Group LLC purchased a new position in e.l.f. Beauty in the fourth quarter worth about $27,000. Wilmington Savings Fund Society FSB purchased a new position in shares of e.l.f. Beauty in the 3rd quarter worth approximately $25,000. Orion Capital Management LLC purchased a new position in e.l.f. Beauty during the fourth quarter worth $30,000. Promus Capital LLC bought a new position in e.l.f. Beauty during the 4th quarter valued at about $31,000. Finally, Kestra Investment Management LLC bought a new position in shares of e.l.f. Beauty during the fourth quarter valued at approximately $32,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on ELF. UBS Group decreased their price objective on shares of e.l.f. Beauty from $74.00 to $59.00 and set a “neutral” rating on the stock in a report on Thursday, April 17th. Canaccord Genuity Group cut their price target on e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, February 7th. JPMorgan Chase & Co. decreased their target price on shares of e.l.f. Beauty from $127.00 to $70.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Piper Sandler lowered their price target on e.l.f. Beauty from $102.00 to $90.00 and set an “overweight” rating for the company in a report on Monday, March 31st. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $70.00 price objective (down from $153.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Five investment 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $121.82.

Check Out Our Latest Research Report on e.l.f. Beauty

e.l.f. Beauty Company Profile

(Get Free Report)

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.

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