e.l.f. Beauty (NYSE:ELF) CEO Tarang Amin Sells 47,000 Shares of Company Stock

e.l.f. Beauty (NYSE:ELF) CEO Tarang Amin sold 47,000 shares of the business’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $103.31, for a total transaction of $4,855,570.00. Following the completion of the sale, the chief executive officer owned 134,496 shares of the company’s stock, valued at approximately $13,894,781.76. This represents a 25.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

e.l.f. Beauty Stock Down 0.8%

Shares of NYSE ELF traded down $0.85 during midday trading on Monday, reaching $103.83. 1,246,412 shares of the company’s stock traded hands, compared to its average volume of 2,601,828. The company has a quick ratio of 1.82, a current ratio of 2.55 and a debt-to-equity ratio of 0.69. The stock’s 50 day simple moving average is $97.63 and its 200-day simple moving average is $76.21. e.l.f. Beauty has a one year low of $48.82 and a one year high of $147.75. The company has a market cap of $6.13 billion, a price-to-earnings ratio of 103.83, a P/E/G ratio of 2.95 and a beta of 1.61.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $1.04. The company had revenue of $479.37 million during the quarter, compared to the consensus estimate of $431.20 million. e.l.f. Beauty had a net margin of 3.38% and a return on equity of 14.07%. e.l.f. Beauty’s revenue for the quarter was up 35.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.89 earnings per share. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. On average, analysts predict that e.l.f. Beauty will post 2.65 EPS for the current fiscal year.

Institutional Trading of e.l.f. Beauty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cim Investment Management Inc. increased its holdings in shares of e.l.f. Beauty by 14.5% in the second quarter. Cim Investment Management Inc. now owns 6,914 shares of the company’s stock valued at $512,000 after purchasing an additional 874 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of e.l.f. Beauty by 74.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 11,693 shares of the company’s stock worth $865,000 after purchasing an additional 4,995 shares during the period. Envestnet Asset Management Inc. boosted its position in e.l.f. Beauty by 40.2% in the second quarter. Envestnet Asset Management Inc. now owns 126,876 shares of the company’s stock valued at $9,389,000 after buying an additional 36,386 shares during the last quarter. State Street Corp boosted its position in e.l.f. Beauty by 4.2% in the second quarter. State Street Corp now owns 1,874,997 shares of the company’s stock valued at $138,647,000 after buying an additional 75,842 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in e.l.f. Beauty by 1.6% in the second quarter. The Manufacturers Life Insurance Company now owns 41,120 shares of the company’s stock valued at $3,043,000 after buying an additional 653 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analyst Ratings Changes

ELF has been the topic of a number of recent research reports. Weiss Ratings raised e.l.f. Beauty from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. reduced their price objective on shares of e.l.f. Beauty from $111.00 to $106.00 and set an “overweight” rating for the company in a research note on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $64.00 target price on shares of e.l.f. Beauty in a research report on Tuesday, June 16th. TD Cowen lifted their price target on shares of e.l.f. Beauty from $85.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Finally, Piper Sandler upped their price target on e.l.f. Beauty from $50.00 to $65.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, e.l.f. Beauty currently has an average rating of “Moderate Buy” and an average target price of $99.00.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc is a cosmetics and skin-care company that develops, markets and sells beauty products through mass retailers, specialty beauty stores, e-commerce platforms and its own websites. Its portfolio includes makeup, skin-care, body-care and related beauty products designed to offer accessible pricing and broad consumer appeal.

The company’s principal brand is e.l.f. Cosmetics, which offers products such as complexion makeup, eye cosmetics, lip products, brushes and skin-care items.