e.l.f. Beauty (NYSE:ELF) SVP Sells 5,718 Shares

e.l.f. Beauty (NYSE:ELF) SVP Joshua Allen Franks sold 5,718 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $100.00, for a total transaction of $571,800.00. Following the completion of the sale, the senior vice president directly owned 144,309 shares of the company’s stock, valued at $14,430,900. This trade represents a 3.81% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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 transaction of $180,612.65.
• On Thursday, June 4th, Joshua Allen Franks sold 6,854 shares of e.l.f. Beauty stock. The stock was sold at an average price of $51.94, for a total transaction of $355,996.76.

e.l.f. Beauty Stock Up 3.3%

e.l.f. Beauty stock traded up $3.22 on Friday, hitting $101.68. 1,441,984 shares of the stock traded hands, compared to its average volume of 2,817,267. e.l.f. Beauty has a 1 year low of $48.82 and a 1 year high of $150.99. The business’s fifty day simple moving average is $78.68 and its 200 day simple moving average is $71.98. The firm has a market cap of $6.00 billion, a P/E ratio of 101.68, a price-to-earnings-growth ratio of 3.13 and a beta of 1.58. 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 results on Wednesday, August 5th. The company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $479.37 million for the quarter, compared to analysts’ expectations of $431.20 million. During the same period in the previous year, the firm posted $0.89 EPS. The business’s revenue for the quarter was up 35.5% compared to the same quarter last year. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. As a group, sell-side analysts forecast that e.l.f. Beauty will post 2.61 earnings per share for the current year.

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

Several institutional investors and hedge funds have recently modified their holdings of ELF. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of e.l.f. Beauty in the fourth quarter worth about $26,000. Continuum Advisory LLC purchased a new position in shares of e.l.f. Beauty in the 2nd quarter valued at about $31,000. Hilton Head Capital Partners LLC acquired a new position in e.l.f. Beauty in the 4th quarter worth about $32,000. EverSource Wealth Advisors LLC raised its holdings in e.l.f. Beauty by 97.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock worth $32,000 after purchasing an additional 128 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in e.l.f. Beauty by 58.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock worth $39,000 after purchasing an additional 117 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ELF shares. Citigroup increased their price objective on e.l.f. Beauty from $87.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. JPMorgan Chase & Co. lowered their price objective on shares of e.l.f. Beauty from $111.00 to $106.00 and set an “overweight” rating on the stock in a research report on Wednesday. Jefferies Financial Group lifted 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 research report on Tuesday, July 28th. Zacks Research raised e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 12th. Finally, Morgan Stanley dropped their price objective on shares of e.l.f. Beauty from $67.00 to $59.00 and set an “equal weight” rating on the stock in a report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $91.31.

About e.l.f. Beauty

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.