Joshua Allen Franks Sells 11,860 Shares of e.l.f. Beauty, Inc. (NYSE:ELF) Stock

e.l.f. Beauty, Inc. (NYSE:ELF) SVP Joshua Allen Franks sold 11,860 shares of the stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $115.56, for a total value of $1,370,541.60. Following the sale, the senior vice president now directly owns 121,967 shares in the company, valued at $14,094,506.52. This trade represents a 8.86% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Monday, April 21st, Joshua Allen Franks sold 51,353 shares of e.l.f. Beauty stock. The stock was sold at an average price of $53.36, for a total value of $2,740,196.08.

e.l.f. Beauty Stock Performance

NYSE:ELF opened at $117.83 on Friday. The business has a 50 day moving average of $72.37 and a 200 day moving average of $91.65. The company has a market capitalization of $6.65 billion, a price-to-earnings ratio of 69.72, a PEG ratio of 6.76 and a beta of 1.31. e.l.f. Beauty, Inc. has a 1-year low of $49.40 and a 1-year high of $219.77. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, May 28th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. The company had revenue of $332.65 million during the quarter, compared to the consensus estimate of $327.45 million. e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. e.l.f. Beauty’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS. On average, sell-side analysts predict that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

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

Large investors have recently bought and sold shares of the stock. Nemes Rush Group LLC purchased a new position in e.l.f. Beauty in the 4th quarter worth approximately $27,000. Orion Capital Management LLC purchased a new position in e.l.f. Beauty in the 4th quarter worth approximately $30,000. Promus Capital LLC purchased a new position in e.l.f. Beauty in the 4th quarter worth approximately $31,000. Kestra Investment Management LLC purchased a new position in e.l.f. Beauty in the 4th quarter worth approximately $32,000. Finally, Wilmington Savings Fund Society FSB increased its stake in e.l.f. Beauty by 84.9% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 429 shares of the company’s stock worth $54,000 after purchasing an additional 197 shares during the period. 92.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Truist Financial increased their price objective on e.l.f. Beauty from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Friday. The Goldman Sachs Group dropped their price target on e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Jefferies Financial Group set a $115.00 price target on e.l.f. Beauty and gave the company a “buy” rating in a research report on Thursday, May 29th. Robert W. Baird lifted their price target on e.l.f. Beauty from $110.00 to $145.00 and gave the company an “outperform” rating in a research report on Friday. Finally, B. Riley reiterated a “buy” rating and set a $90.00 price target (down previously from $150.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and a consensus price target of $120.71.

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.