Tarang Amin Sells 890 Shares of e.l.f. Beauty, Inc. (NYSE:ELF) Stock

e.l.f. Beauty, Inc. (NYSE:ELF) CEO Tarang Amin sold 890 shares of e.l.f. Beauty stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $122,464.00. Following the completion of the sale, the chief executive officer now owns 99,699 shares of the company’s stock, valued at $13,718,582.40. The trade was a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

e.l.f. Beauty Price Performance

Shares of e.l.f. Beauty stock traded down $2.86 on Tuesday, hitting $137.60. 1,217,956 shares of the company traded hands, compared to its average volume of 1,967,626. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78. The business has a 50-day simple moving average of $116.46 and a 200 day simple moving average of $150.17. e.l.f. Beauty, Inc. has a 52 week low of $98.50 and a 52 week high of $221.83. The stock has a market capitalization of $7.75 billion, a P/E ratio of 75.86, a price-to-earnings-growth ratio of 3.06 and a beta of 1.49.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.34. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The firm had revenue of $301.10 million during the quarter, compared to the consensus estimate of $289.43 million. During the same period in the prior year, the company earned $0.66 EPS. The company’s quarterly revenue was up 39.7% compared to the same quarter last year. Research analysts expect that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current fiscal year.

Hedge Funds Weigh In On e.l.f. Beauty

Institutional investors and hedge funds have recently modified their holdings of the stock. Canada Pension Plan Investment Board purchased a new stake in shares of e.l.f. Beauty in the second quarter valued at $6,659,000. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of e.l.f. Beauty by 1,380.4% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,284 shares of the company’s stock valued at $1,775,000 after buying an additional 15,184 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of e.l.f. Beauty by 33.8% during the 2nd quarter. Cetera Investment Advisers now owns 39,319 shares of the company’s stock worth $8,285,000 after acquiring an additional 9,939 shares during the last quarter. Clearbridge Investments LLC increased its stake in e.l.f. Beauty by 84.4% in the second quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock worth $265,432,000 after purchasing an additional 576,383 shares during the period. Finally, Congress Asset Management Co. lifted its position in shares of e.l.f. Beauty by 14.2% during the third quarter. Congress Asset Management Co. now owns 503,577 shares of the company’s stock worth $54,905,000 after purchasing an additional 62,480 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ELF shares. Canaccord Genuity Group lowered their price objective on shares of e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Piper Sandler reaffirmed an “overweight” rating and issued a $165.00 price objective (up previously from $162.00) on shares of e.l.f. Beauty in a report on Thursday, November 7th. DA Davidson reissued a “buy” rating and issued a $170.00 target price on shares of e.l.f. Beauty in a report on Monday, November 25th. Bank of America cut their price target on e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Finally, Robert W. Baird lowered their price objective on shares of e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.53.

About e.l.f. Beauty

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.