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

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 on Monday, April 21st. The shares were sold at an average price of $53.36, for a total transaction of $5,224,744.40. Following the completion of the sale, the chief executive officer now owns 181,289 shares in the company, valued at $9,673,581.04. This represents a 35.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

e.l.f. Beauty Stock Up 1.3 %

ELF traded up $0.78 during trading on Friday, hitting $61.44. The company had a trading volume of 2,209,189 shares, compared to its average volume of 2,351,586. The firm's 50-day moving average price is $62.42 and its 200 day moving average price is $97.61. The company has a market capitalization of $3.47 billion, a PE ratio of 36.36, a PEG ratio of 6.76 and a beta of 1.41. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. e.l.f. Beauty, Inc. has a one year low of $49.40 and a one year high of $219.77.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Morgan Stanley reaffirmed an "equal weight" rating and issued a $70.00 price target (down from $153.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. UBS Group dropped their price objective on shares of e.l.f. Beauty from $74.00 to $59.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. B. Riley reissued a "buy" rating and issued a $90.00 target price (down from $150.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. DA Davidson decreased their price target on e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Finally, Canaccord Genuity Group dropped their price objective on e.l.f. Beauty from $174.00 to $105.00 and set a "buy" rating for the company in a 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 assigned a strong buy rating to the company. According to MarketBeat, e.l.f. Beauty currently has a consensus rating of "Moderate Buy" and a consensus price target of $117.41.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. raised its holdings in e.l.f. Beauty by 149.8% during the fourth quarter. Principal Financial Group Inc. now owns 328,557 shares of the company's stock worth $41,250,000 after acquiring an additional 197,028 shares in the last quarter. Global Retirement Partners LLC grew its stake in shares of e.l.f. Beauty by 441.0% in the fourth quarter. Global Retirement Partners LLC now owns 8,283 shares of the company's stock valued at $1,040,000 after buying an additional 6,752 shares in the last quarter. Robbins Farley increased its holdings in e.l.f. Beauty by 27.1% during the fourth quarter. Robbins Farley now owns 34,396 shares of the company's stock worth $4,318,000 after buying an additional 7,335 shares during the last quarter. Pacer Advisors Inc. lifted its stake in e.l.f. Beauty by 43.4% in the fourth quarter. Pacer Advisors Inc. now owns 11,802 shares of the company's stock valued at $1,482,000 after acquiring an additional 3,572 shares during the last quarter. Finally, Ibex Wealth Advisors bought a new position in shares of e.l.f. Beauty in the 4th quarter valued at about $5,519,000. 92.44% of the stock is owned by institutional investors.

e.l.f. Beauty Company Profile

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.