Joshua Allen Franks Sells 5,512 Shares of e.l.f. Beauty (NYSE:ELF) Stock

e.l.f. Beauty (NYSE:ELF) SVP Joshua Franks sold 5,512 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $110.00, for a total value of $606,320.00. Following the completion of the transaction, the senior vice president owned 138,797 shares of the company’s stock, valued at $15,267,670. The trade was a 3.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, August 19th, Joshua Franks sold 5,718 shares of e.l.f. Beauty stock. The stock was sold at an average price of $100.00, for a total transaction of $571,800.00.
• On Tuesday, June 9th, Joshua Franks sold 3,505 shares of e.l.f. Beauty stock. The stock was sold at an average price of $51.53, for a total value of $180,612.65.

e.l.f. Beauty Stock Up 2.0%

Shares of NYSE ELF opened at $109.58 on Friday. e.l.f. Beauty has a 52-week low of $48.82 and a 52-week high of $150.99. 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 business has a fifty day moving average of $87.94 and a two-hundred day moving average of $74.10. The stock has a market cap of $6.47 billion, a PE ratio of 109.58, a PEG ratio of 3.34 and a beta of 1.60.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $1.04. The business had revenue of $479.37 million for 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%.e.l.f. Beauty’s revenue for the quarter was up 35.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.89 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. As a group, equities research analysts expect that e.l.f. Beauty will post 2.64 earnings per share for the current fiscal year.

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

Several hedge funds have recently bought and sold shares of ELF. EverSource Wealth Advisors LLC raised its position in shares of e.l.f. Beauty by 97.0% in the second quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock valued at $32,000 after purchasing an additional 128 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in e.l.f. Beauty by 58.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock valued at $39,000 after acquiring an additional 117 shares during the period. Hilton Head Capital Partners LLC bought a new position in e.l.f. Beauty in the 4th quarter valued at about $32,000. Continuum Advisory LLC acquired a new stake in e.l.f. Beauty during the second quarter worth approximately $31,000. Finally, Johnson Financial Group Inc. acquired a new stake in e.l.f. Beauty during the third quarter worth approximately $64,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ELF has been the topic of several analyst reports. Jefferies Financial Group increased their target price on shares of e.l.f. Beauty from $72.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Weiss Ratings raised shares of e.l.f. Beauty from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 30th. Canaccord Genuity Group upped their price objective on shares of 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. Bank of America reduced their target price on e.l.f. Beauty from $93.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Finally, Citigroup boosted their target price on 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. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, e.l.f. Beauty has an average rating of “Moderate Buy” and an average price target of $92.12.

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.