e.l.f. Beauty (NYSE:ELF) CEO Tarang Amin Sells 7,000 Shares

e.l.f. Beauty (NYSE:ELF) CEO Tarang Amin sold 7,000 shares of the firm’s stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $51.53, for a total value of $360,710.00. Following the sale, the chief executive officer directly owned 128,593 shares in the company, valued at approximately $6,626,397.29. This represents a 5.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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.
• On Wednesday, April 1st, Tarang Amin sold 52,880 shares of e.l.f. Beauty stock. The stock was sold at an average price of $62.64, for a total value of $3,312,403.20.

e.l.f. Beauty Stock Up 4.5%

Shares of NYSE ELF traded up $2.64 during mid-day trading on Thursday, reaching $60.76. 3,784,136 shares of the company’s stock were exchanged, compared to its average volume of 2,805,131. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 132.09, a PEG ratio of 2.29 and a beta of 1.63. The company has a current ratio of 2.35, a quick ratio of 1.69 and a debt-to-equity ratio of 0.72. The business has a fifty day simple moving average of $59.46 and a 200 day simple moving average of $73.00. e.l.f. Beauty has a twelve month low of $48.82 and a twelve month high of $150.99.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, May 20th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. The company had revenue of $449.29 million for the quarter, compared to analyst estimates of $423.06 million. e.l.f. Beauty had a return on equity of 11.02% and a net margin of 1.61%.e.l.f. Beauty’s revenue was up 35.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.78 earnings per share. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. As a group, equities analysts expect that e.l.f. Beauty will post 2.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft set a $65.00 price target on e.l.f. Beauty in a research report on Thursday, May 14th. Bank of America dropped their target price on e.l.f. Beauty from $93.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. B. Riley Financial dropped their target price on e.l.f. Beauty from $130.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, May 26th. Evercore began coverage on e.l.f. Beauty in a research report on Thursday, April 2nd. They issued an “inline” rating and a $68.00 target price on the stock. Finally, Morgan Stanley dropped their target price on e.l.f. Beauty from $67.00 to $59.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $79.60.

Institutional Investors Weigh In On e.l.f. Beauty

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Cim Investment Management Inc. acquired a new stake in e.l.f. Beauty in the 1st quarter valued at approximately $366,000. Bank of America Corp DE increased its position in shares of e.l.f. Beauty by 45.9% during the 1st 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 last quarter. Edgestream Partners L.P. increased its position in shares of e.l.f. Beauty by 9.0% during the 1st 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 last quarter. Centaurus Financial Inc. acquired a new position in shares of e.l.f. Beauty during the 1st quarter worth approximately $315,000. Finally, Amundi acquired a new position in shares of e.l.f. Beauty during the 1st quarter worth approximately $333,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

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.