e.l.f. Beauty (NYSE:ELF) SVP Sells $571,800.00 in Stock

e.l.f. Beauty (NYSE:ELF) SVP Joshua Allen Franks sold 5,718 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $100.00, for a total value of $571,800.00. Following the sale, the senior vice president directly owned 144,309 shares of the company’s stock, valued at $14,430,900. This represents a 3.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Joshua Allen Franks also recently made the following trade(s):

• On Tuesday, June 9th, Joshua Allen Franks sold 3,505 shares of e.l.f. Beauty stock. The shares were sold at an average price of $51.53, for a total value of $180,612.65.
• On Thursday, June 4th, Joshua Allen Franks sold 6,854 shares of e.l.f. Beauty stock. The shares were sold at an average price of $51.94, for a total value of $355,996.76.

e.l.f. Beauty Stock Up 3.3%

e.l.f. Beauty stock traded up $3.22 during trading on Friday, hitting $101.68. 1,441,984 shares of the company were exchanged, compared to its average volume of 2,817,267. The company has a market capitalization of $6.00 billion, a P/E ratio of 101.68, a PEG ratio of 3.13 and a beta of 1.58. The business’s 50 day moving average is $78.68 and its 200 day moving average is $71.98. e.l.f. Beauty has a 52 week low of $48.82 and a 52 week high of $150.99. The company has a current ratio of 2.55, a quick ratio of 1.82 and a debt-to-equity ratio of 0.69.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $0.71 by $1.04. e.l.f. Beauty had a return on equity of 14.07% and a net margin of 3.38%.The business had revenue of $479.37 million for the quarter, compared to analysts’ expectations of $431.20 million. During the same period last year, the business earned $0.89 EPS. The business’s revenue was up 35.5% on a year-over-year basis. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. Analysts predict that e.l.f. Beauty will post 2.61 earnings per share for the current year.

Institutional Trading of e.l.f. Beauty

Large investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in e.l.f. Beauty during the 2nd quarter valued at about $428,262,000. Primecap Management Co. CA bought a new position in shares of e.l.f. Beauty in the second quarter valued at approximately $78,202,000. BNP Paribas Financial Markets boosted its position in shares of e.l.f. Beauty by 3,131.7% in the fourth quarter. BNP Paribas Financial Markets now owns 924,902 shares of the company’s stock valued at $70,330,000 after acquiring an additional 896,282 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of e.l.f. Beauty by 47.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,197,319 shares of the company’s stock worth $167,086,000 after buying an additional 711,540 shares in the last quarter. Finally, Swedbank AB boosted its stake in e.l.f. Beauty by 97.0% during the fourth quarter. Swedbank AB now owns 1,364,801 shares of the company’s stock valued at $103,779,000 after buying an additional 672,071 shares during the period. 92.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on ELF. Citigroup increased their price objective on shares of e.l.f. Beauty from $87.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Zacks Research upgraded e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 12th. The Goldman Sachs Group set a $100.00 price objective on e.l.f. Beauty in a research report on Thursday, August 6th. Piper Sandler raised their target price on e.l.f. Beauty from $50.00 to $65.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Finally, Canaccord Genuity Group increased their price target on shares of e.l.f. Beauty from $97.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.31.

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.