Tarang Amin Sells 50,164 Shares of e.l.f. Beauty (NYSE:ELF) Stock

e.l.f. Beauty (NYSE:ELF) CEO Tarang Amin sold 50,164 shares of e.l.f. Beauty 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 sale, the chief executive officer directly owned 110,496 shares of the company’s stock, valued at $8,645,207.04. This represents a 31.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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 transaction of $2,643,163.20.

e.l.f. Beauty Stock Performance

Shares of ELF stock traded down $2.52 on Thursday, hitting $76.23. The company’s stock had a trading volume of 3,873,113 shares, compared to its average volume of 2,914,654. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.69 and a current ratio of 2.35. The stock’s 50 day moving average is $59.87 and its 200-day moving average is $71.91. e.l.f. Beauty has a fifty-two week low of $48.82 and a fifty-two week high of $150.99. The company has a market capitalization of $4.53 billion, a PE ratio of 165.73, a PEG ratio of 2.88 and a beta of 1.58.

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ELF. JPMorgan Chase & Co. cut their price target on e.l.f. Beauty from $85.00 to $80.00 and set an “overweight” 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 set an “inline” rating and a $68.00 price objective on the stock. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $85.00 price objective on shares of e.l.f. Beauty in a report on Thursday, May 21st. Morgan Stanley cut their target price on e.l.f. Beauty from $67.00 to $59.00 and set an “equal weight” rating for the company in a research report on Thursday, May 21st. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $64.00 price target on shares of e.l.f. Beauty in a research report on Tuesday, June 16th. One research 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 assigned a Sell 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 $78.31.

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

Hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada grew its holdings in shares of e.l.f. Beauty by 9.9% during the 1st quarter. Royal Bank of Canada now owns 153,682 shares of the company’s stock valued at $9,650,000 after purchasing an additional 13,851 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in shares of e.l.f. Beauty by 168.6% in the first quarter. Integrated Wealth Concepts LLC now owns 6,483 shares of the company’s stock worth $407,000 after purchasing an additional 4,069 shares during the last quarter. NewEdge Advisors LLC increased its holdings in e.l.f. Beauty by 176.4% in the first quarter. NewEdge Advisors LLC now owns 4,677 shares of the company’s stock valued at $294,000 after purchasing an additional 2,985 shares during the period. United Services Automobile Association bought a new position in e.l.f. Beauty during the 1st quarter worth $240,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in e.l.f. Beauty by 58.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock worth $39,000 after buying an additional 117 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

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.