Insider Selling: e.l.f. Beauty, Inc. (NYSE:ELF) SVP Sells $175,944.56 in Stock

e.l.f. Beauty, Inc. (NYSE:ELF) SVP Joshua Allen Franks sold 1,496 shares of e.l.f. Beauty stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $117.61, for a total transaction of $175,944.56. Following the sale, the senior vice president now directly owns 120,471 shares of the company’s stock, valued at $14,168,594.31. This represents a 1.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Wednesday, June 4th, Joshua Allen Franks sold 11,860 shares of e.l.f. Beauty stock. The shares were sold at an average price of $115.56, for a total transaction of $1,370,541.60.
• On Monday, April 21st, Joshua Allen Franks sold 51,353 shares of e.l.f. Beauty stock. The shares were sold at an average price of $53.36, for a total transaction of $2,740,196.08.

e.l.f. Beauty Stock Performance

Shares of NYSE:ELF opened at $124.67 on Thursday. The company’s 50 day moving average price is $76.00 and its two-hundred day moving average price is $91.59. e.l.f. Beauty, Inc. has a 12-month low of $49.40 and a 12-month high of $219.77. The firm has a market cap of $7.02 billion, a PE ratio of 73.77, a PEG ratio of 6.76 and a beta of 1.52. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20.

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

Analyst Ratings Changes

Several research firms recently commented on ELF. DA Davidson cut their price objective on shares of e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating on the stock in a research report on Monday, March 17th. The Goldman Sachs Group cut their price target on shares of e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. UBS Group boosted their price target on shares of e.l.f. Beauty from $59.00 to $84.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 21st. Bank of America boosted their price target on shares of e.l.f. Beauty from $80.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, May 21st. Finally, Canaccord Genuity Group set a $114.00 target price on shares of e.l.f. Beauty in a report on Thursday, May 29th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and an average price target of $120.71.

Institutional Trading of e.l.f. Beauty

Several large investors have recently made changes to their positions in ELF. Cim LLC lifted its stake in e.l.f. Beauty by 6.4% in the 1st quarter. Cim LLC now owns 11,229 shares of the company’s stock valued at $705,000 after purchasing an additional 671 shares during the last quarter. Strs Ohio bought a new position in e.l.f. Beauty in the 1st quarter valued at approximately $2,103,000. Peloton Wealth Strategists bought a new position in e.l.f. Beauty in the 1st quarter valued at approximately $477,000. United Services Automobile Association bought a new position in e.l.f. Beauty in the 1st quarter valued at approximately $240,000. Finally, Fred Alger Management LLC bought a new position in e.l.f. Beauty in the 1st quarter valued at approximately $3,754,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

e.l.f. Beauty Company Profile

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.