e.l.f. Beauty (NYSE:ELF) CEO Sells $3,924,831.36 in Stock

e.l.f. Beauty (NYSE:ELF) CEO Tarang Amin sold 50,164 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $78.24, for a total value of $3,924,831.36. Following the completion of the sale, the chief executive officer directly owned 110,496 shares in the company, valued at approximately $8,645,207.04. The trade was a 31.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 shares were sold at an average price of $63.66, for a total value of $2,643,163.20.

e.l.f. Beauty Stock Performance

Shares of ELF stock opened at $76.23 on Friday. e.l.f. Beauty has a 12 month low of $48.82 and a 12 month high of $150.99. The stock has a market cap of $4.53 billion, a PE ratio of 165.73, a price-to-earnings-growth ratio of 2.97 and a beta of 1.59. 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 company’s fifty day moving average price is $60.27 and its 200-day moving average price is $71.94.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Wednesday, May 20th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.03. e.l.f. Beauty had a net margin of 1.61% and a return on equity of 11.02%. The company had revenue of $449.29 million during the quarter, compared to analyst estimates of $423.06 million. During the same period last year, the business earned $0.78 EPS. e.l.f. Beauty’s quarterly revenue was up 35.1% compared to the same quarter last year. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. On average, equities analysts expect that e.l.f. Beauty will post 2.42 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on ELF. Bank of America decreased their target price on shares of e.l.f. Beauty from $93.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Evercore started coverage on e.l.f. Beauty in a research note on Thursday, April 2nd. They issued an “inline” rating and a $68.00 price target on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $64.00 price target on shares of e.l.f. Beauty in a research note on Tuesday, June 16th. Sanford C. Bernstein began coverage on e.l.f. Beauty in a research note on Thursday, June 11th. They set a “market perform” rating and a $60.00 price objective for the company. Finally, Citigroup lowered their price objective on e.l.f. Beauty from $115.00 to $87.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, e.l.f. Beauty has an average rating of “Moderate Buy” and a consensus target price of $78.31.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of e.l.f. Beauty by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 5,487,304 shares of the company’s stock valued at $417,255,000 after acquiring an additional 140,258 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in e.l.f. Beauty by 47.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,197,319 shares of the company’s stock valued at $167,086,000 after acquiring an additional 711,540 shares in the last quarter. State Street Corp boosted its stake in e.l.f. Beauty by 0.8% during the 4th quarter. State Street Corp now owns 1,737,181 shares of the company’s stock valued at $132,095,000 after purchasing an additional 13,231 shares during the last quarter. Swedbank AB boosted its stake in e.l.f. Beauty by 97.0% during the 4th quarter. Swedbank AB now owns 1,364,801 shares of the company’s stock valued at $103,779,000 after purchasing an additional 672,071 shares during the last quarter. Finally, Ensign Peak Advisors Inc increased its holdings in shares of e.l.f. Beauty by 37.7% in the 4th quarter. Ensign Peak Advisors Inc now owns 1,319,523 shares of the company’s stock worth $100,337,000 after purchasing an additional 361,371 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Company Profile

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.