e.l.f. Beauty, Inc. (NYSE:ELF - Get Free Report) CEO Tarang Amin sold 6,832 shares of the firm's stock in a transaction on Friday, April 5th. The stock was sold at an average price of $162.63, for a total value of $1,111,088.16. Following the sale, the chief executive officer now directly owns 228,175 shares in the company, valued at approximately $37,108,100.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Tarang Amin also recently made the following trade(s):
- On Thursday, April 18th, Tarang Amin sold 74,451 shares of e.l.f. Beauty stock. The stock was sold at an average price of $166.40, for a total value of $12,388,646.40.
- On Tuesday, March 5th, Tarang Amin sold 23,519 shares of e.l.f. Beauty stock. The stock was sold at an average price of $198.89, for a total value of $4,677,693.91.
e.l.f. Beauty Price Performance
NYSE:ELF opened at $156.73 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 1.50. The stock's 50-day simple moving average is $186.27 and its 200 day simple moving average is $148.90. The company has a market cap of $8.70 billion, a P/E ratio of 69.35, a P/E/G ratio of 1.56 and a beta of 1.57. e.l.f. Beauty, Inc. has a 52-week low of $83.80 and a 52-week high of $221.83.
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e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.11. e.l.f. Beauty had a return on equity of 28.98% and a net margin of 14.53%. The business had revenue of $270.94 million during the quarter, compared to analysts' expectations of $239.66 million. As a group, sell-side analysts forecast that e.l.f. Beauty, Inc. will post 2.5 EPS for the current fiscal year.
Hedge Funds Weigh In On e.l.f. Beauty
A number of hedge funds and other institutional investors have recently bought and sold shares of ELF. Wellington Management Group LLP grew its holdings in e.l.f. Beauty by 235.8% during the third quarter. Wellington Management Group LLP now owns 2,414,601 shares of the company's stock worth $265,196,000 after purchasing an additional 1,695,585 shares during the period. FMR LLC grew its holdings in e.l.f. Beauty by 641.2% during the third quarter. FMR LLC now owns 832,404 shares of the company's stock worth $91,423,000 after purchasing an additional 720,098 shares during the period. Norges Bank bought a new stake in shares of e.l.f. Beauty during the fourth quarter worth approximately $95,611,000. Millennium Management LLC boosted its holdings in shares of e.l.f. Beauty by 697.8% during the fourth quarter. Millennium Management LLC now owns 681,739 shares of the company's stock worth $37,700,000 after acquiring an additional 596,287 shares during the period. Finally, William Blair Investment Management LLC boosted its holdings in shares of e.l.f. Beauty by 58.2% during the third quarter. William Blair Investment Management LLC now owns 1,424,268 shares of the company's stock worth $156,427,000 after acquiring an additional 523,903 shares during the period. Institutional investors own 92.44% of the company's stock.
Analyst Ratings Changes
ELF has been the topic of several recent research reports. Truist Financial lifted their price target on e.l.f. Beauty from $150.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, February 7th. TD Cowen raised e.l.f. Beauty from a "hold" rating to a "buy" rating and dropped their price target for the company from $220.00 to $190.00 in a research note on Wednesday. Piper Sandler lifted their price target on e.l.f. Beauty from $225.00 to $228.00 and gave the company an "overweight" rating in a research note on Tuesday, April 9th. Stifel Nicolaus lifted their price target on e.l.f. Beauty from $141.00 to $167.00 and gave the company a "hold" rating in a research note on Wednesday, February 7th. Finally, DA Davidson reissued a "buy" rating and issued a $220.00 price target on shares of e.l.f. Beauty in a research note on Monday, April 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $184.33.
Read Our Latest Research Report on ELF
e.l.f. Beauty Company Profile
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Get Free Report)
e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.
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