Joshua Allen Franks Sells 727 Shares of e.l.f. Beauty, Inc. (NYSE:ELF) Stock

e.l.f. Beauty, Inc. (NYSE:ELF) SVP Joshua Allen Franks sold 727 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $165.16, for a total transaction of $120,071.32. Following the completion of the sale, the senior vice president now owns 83,736 shares of the company’s stock, valued at $13,829,837.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

e.l.f. Beauty Stock Up 0.8 %

e.l.f. Beauty stock opened at $167.57 on Friday. e.l.f. Beauty, Inc. has a fifty-two week low of $83.80 and a fifty-two week high of $221.83. The stock has a market cap of $9.30 billion, a PE ratio of 74.15, a price-to-earnings-growth ratio of 1.54 and a beta of 1.57. The firm’s 50-day simple moving average is $186.62 and its 200 day simple moving average is $148.57. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 1.50.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Tuesday, February 6th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.11. e.l.f. Beauty had a net margin of 14.53% and a return on equity of 28.98%. The business had revenue of $270.94 million for the quarter, compared to analysts’ expectations of $239.66 million. Research analysts predict that e.l.f. Beauty, Inc. will post 2.5 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on ELF. Bank of America raised their price target on shares of e.l.f. Beauty from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Truist Financial raised their price target on shares of e.l.f. Beauty from $150.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. TD Cowen upgraded shares of e.l.f. Beauty from a “hold” rating to a “buy” rating and reduced their price target for the stock from $220.00 to $190.00 in a report on Wednesday. Robert W. Baird assumed coverage on shares of e.l.f. Beauty in a report on Tuesday, January 30th. They issued a “neutral” rating and a $185.00 price target for the company. Finally, Stifel Nicolaus lifted their price objective on shares of e.l.f. Beauty from $141.00 to $167.00 and gave the company a “hold” rating in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $184.33.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ELF. Dark Forest Capital Management LP purchased a new position in e.l.f. Beauty during the first quarter worth about $27,000. Point72 Middle East FZE bought a new stake in e.l.f. Beauty in the fourth quarter worth about $28,000. Householder Group Estate & Retirement Specialist LLC bought a new stake in e.l.f. Beauty in the third quarter worth about $29,000. Armstrong Advisory Group Inc. raised its position in e.l.f. Beauty by 390.2% in the fourth quarter. Armstrong Advisory Group Inc. now owns 201 shares of the company’s stock worth $29,000 after acquiring an additional 160 shares during the period. Finally, Harbor Investment Advisory LLC bought a new stake in e.l.f. Beauty in the first quarter worth about $31,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.