Insider Selling: e.l.f. Beauty, Inc. (NYSE:ELF) CEO Sells $5,224,744.40 in Stock

e.l.f. Beauty, Inc. (NYSE:ELF) CEO Tarang Amin sold 97,915 shares of e.l.f. Beauty stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $53.36, for a total value of $5,224,744.40. Following the sale, the chief executive officer now directly owns 181,289 shares in the company, valued at $9,673,581.04. The trade was a 35.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

e.l.f. Beauty Price Performance

Shares of ELF stock opened at $60.71 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of 35.92, a PEG ratio of 6.76 and a beta of 1.41. The firm’s 50 day moving average is $62.63 and its 200-day moving average is $97.90. e.l.f. Beauty, Inc. has a 1 year low of $49.40 and a 1 year high of $219.77.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. Sell-side analysts forecast that e.l.f. Beauty, Inc. will post 2.38 EPS for the current fiscal year.

Analysts Set New Price Targets

ELF has been the topic of several analyst reports. Piper Sandler lowered their price target on shares of e.l.f. Beauty from $102.00 to $90.00 and set an “overweight” rating on the stock in a report on Monday, March 31st. Stifel Nicolaus lowered their target price on shares of e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating on the stock in a research note on Monday, February 3rd. Raymond James cut their price target on shares of e.l.f. Beauty from $120.00 to $85.00 and set a “strong-buy” rating for the company in a research note on Thursday, April 17th. The Goldman Sachs Group lowered their price objective on e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Finally, DA Davidson cut their target price on e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating for the company in a research report on Monday, March 17th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.41.

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

Several hedge funds have recently added to or reduced their stakes in the company. Baillie Gifford & Co. lifted its position in e.l.f. Beauty by 51.0% during the 4th quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company’s stock valued at $1,005,584,000 after purchasing an additional 2,703,742 shares during the period. Vanguard Group Inc. raised its stake in shares of e.l.f. Beauty by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 5,497,208 shares of the company’s stock worth $690,174,000 after buying an additional 68,103 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in e.l.f. Beauty by 40.9% in the fourth quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company’s stock valued at $289,437,000 after buying an additional 669,321 shares during the period. Champlain Investment Partners LLC boosted its stake in e.l.f. Beauty by 99.7% in the fourth quarter. Champlain Investment Partners LLC now owns 2,226,451 shares of the company’s stock valued at $279,531,000 after acquiring an additional 1,111,550 shares during the last quarter. Finally, Clearbridge Investments LLC raised its position in shares of e.l.f. Beauty by 17.5% during the 4th quarter. Clearbridge Investments LLC now owns 1,772,528 shares of the company’s stock valued at $222,541,000 after acquiring an additional 264,296 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

About e.l.f. Beauty

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.