e.l.f. Beauty (NYSE:ELF) CEO Sells $4,855,570.00 in Stock

e.l.f. Beauty (NYSE:ELF) CEO Tarang Amin sold 47,000 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $103.31, for a total transaction of $4,855,570.00. Following the completion of the sale, the chief executive officer owned 134,496 shares in the company, valued at $13,894,781.76. The trade was a 25.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

e.l.f. Beauty Stock Performance

NYSE ELF traded down $0.85 on Monday, reaching $103.83. 1,246,412 shares of the company’s stock traded hands, compared to its average volume of 2,601,828. e.l.f. Beauty has a fifty-two week low of $48.82 and a fifty-two week high of $147.75. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.82 and a current ratio of 2.55. The firm has a market cap of $6.13 billion, a price-to-earnings ratio of 103.83, a P/E/G ratio of 2.95 and a beta of 1.61. The stock has a 50 day moving average price of $97.63 and a 200-day moving average price of $76.21.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $1.04. The business had revenue of $479.37 million during the quarter, compared to analyst estimates of $431.20 million. e.l.f. Beauty had a return on equity of 14.07% and a net margin of 3.38%.The company’s revenue was up 35.5% on a year-over-year basis. During the same quarter last year, the business posted $0.89 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. Equities research analysts predict that e.l.f. Beauty will post 2.65 EPS for the current fiscal year.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Continuum Advisory LLC purchased a new position in e.l.f. Beauty during the second quarter valued at $31,000. Hilton Head Capital Partners LLC acquired a new position in shares of e.l.f. Beauty during the 4th quarter worth about $32,000. State of Wyoming acquired a new position in shares of e.l.f. Beauty during the second quarter valued at approximately $40,000. EverSource Wealth Advisors LLC raised its stake in e.l.f. Beauty by 378.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 713 shares of the company’s stock valued at $43,000 after purchasing an additional 564 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in e.l.f. Beauty in the 2nd quarter valued at $56,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on ELF. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $64.00 price objective on shares of e.l.f. Beauty in a research note on Tuesday, June 16th. The Goldman Sachs Group set a $100.00 price target on shares of e.l.f. Beauty in a research report on Thursday, August 6th. UBS Group upped their price objective on shares of e.l.f. Beauty from $80.00 to $89.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Canaccord Genuity Group raised their target price on e.l.f. Beauty from $110.00 to $123.00 and gave the company a “buy” rating in a research report on Thursday, August 27th. Finally, Robert W. Baird set a $105.00 price target on e.l.f. Beauty in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, e.l.f. Beauty has a consensus rating of “Moderate Buy” and a consensus price target of $99.00.

About e.l.f. Beauty

e.l.f. Beauty, Inc is a cosmetics and skin-care company that develops, markets and sells beauty products through mass retailers, specialty beauty stores, e-commerce platforms and its own websites. Its portfolio includes makeup, skin-care, body-care and related beauty products designed to offer accessible pricing and broad consumer appeal.

The company’s principal brand is e.l.f. Cosmetics, which offers products such as complexion makeup, eye cosmetics, lip products, brushes and skin-care items.