e.l.f. Beauty (NYSE:ELF – Get Free Report) CEO Tarang Amin sold 7,000 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $51.53, for a total value of $360,710.00. Following the transaction, the chief executive officer owned 128,593 shares in the company, valued at $6,626,397.29. The trade was a 5.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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 stock was sold at an average price of $63.66, for a total value of $2,643,163.20.
- On Wednesday, April 1st, Tarang Amin sold 52,880 shares of e.l.f. Beauty stock. The stock was sold at an average price of $62.64, for a total value of $3,312,403.20.
e.l.f. Beauty Stock Up 1.2%
Shares of NYSE ELF opened at $61.40 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.69 and a current ratio of 2.35. e.l.f. Beauty has a 52 week low of $48.82 and a 52 week high of $150.99. The stock has a market capitalization of $3.65 billion, a P/E ratio of 133.47, a PEG ratio of 2.51 and a beta of 1.63. The stock’s fifty day moving average is $59.44 and its 200 day moving average is $72.85.
Institutional Trading of e.l.f. Beauty
Several large investors have recently bought and sold shares of ELF. Royal Bank of Canada boosted its stake in e.l.f. Beauty by 9.9% in the first quarter. Royal Bank of Canada now owns 153,682 shares of the company’s stock valued at $9,650,000 after buying an additional 13,851 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in 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 valued at $407,000 after buying an additional 4,069 shares in the last quarter. NewEdge Advisors LLC boosted its stake 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 buying an additional 2,985 shares in the last quarter. United Services Automobile Association acquired a new stake in e.l.f. Beauty in the first quarter valued at about $240,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in e.l.f. Beauty by 58.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock valued at $39,000 after buying an additional 117 shares in the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the company. UBS Group set a $80.00 target price on e.l.f. Beauty 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 target price for the company. Bank of America reduced their price objective on e.l.f. Beauty from $93.00 to $85.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Weiss Ratings lowered e.l.f. Beauty from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, June 4th. Finally, Robert W. Baird reduced their price objective on e.l.f. Beauty from $115.00 to $90.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $78.38.
Read Our Latest Analysis on e.l.f. Beauty
Key e.l.f. Beauty News
Here are the key news stories impacting e.l.f. Beauty this week:
- Positive Sentiment: Options activity was unusually bullish, with call buying running about 50% above average, suggesting some traders are positioning for an upside move in e.l.f. Beauty. Source article
- Positive Sentiment: A bullish thesis highlighted by outside commentators argues that ELF may be attractive at recent prices, pointing to a potential rebound after the stock’s pullback. Article link
- Neutral Sentiment: Analyst coverage remains mixed but constructive overall, with a consensus rating of Moderate Buy and a consensus target price above the current share level, though several firms have recently cut targets. Article link
- Neutral Sentiment: Multiple executives and insiders sold shares at about $51.53, including CEO Tarang Amin and several senior leaders. The transactions were disclosed in SEC filings and may reflect routine selling, but they still add caution around near-term sentiment. SEC filing
- Negative Sentiment: The broad cluster of insider sales could weigh on e.l.f. Beauty stock, as investors may view repeated trimming by top executives as a sign of limited near-term upside or caution about the business outlook. SEC filing
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.
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