Insider Selling: e.l.f. Beauty (NYSE:ELF) SVP Sells 200 Shares of Stock

e.l.f. Beauty (NYSE:ELF) SVP Joshua Franks sold 200 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $110.00, for a total transaction of $22,000.00. Following the transaction, the senior vice president owned 135,297 shares of the company’s stock, valued at $14,882,670. This trade represents a 0.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, September 1st, Joshua Franks sold 5,512 shares of e.l.f. Beauty stock. The shares were sold at an average price of $110.00, for a total transaction of $606,320.00.
• On Wednesday, August 19th, Joshua Franks sold 5,718 shares of e.l.f. Beauty stock. The shares were sold at an average price of $100.00, for a total transaction of $571,800.00.

e.l.f. Beauty Price Performance

Shares of ELF stock traded down $4.20 during trading hours on Wednesday, hitting $100.11. The company’s stock had a trading volume of 1,611,196 shares, compared to its average volume of 2,731,372. The company has a current ratio of 2.55, a quick ratio of 1.82 and a debt-to-equity ratio of 0.69. The business has a fifty day moving average of $89.33 and a 200-day moving average of $74.31. e.l.f. Beauty has a twelve month low of $48.82 and a twelve month high of $150.99. The stock has a market cap of $5.91 billion, a price-to-earnings ratio of 100.11, a P/E/G ratio of 3.41 and a beta of 1.60.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, August 5th. The company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $1.04. The firm 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 was up 35.5% on a year-over-year basis. During the same quarter 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 anticipate that e.l.f. Beauty will post 2.64 EPS for the current year.

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

Institutional investors have recently added to or reduced their stakes in the business. Legal & General Group Plc purchased a new stake in e.l.f. Beauty in the 2nd quarter valued at about $5,684,000. BNP Paribas Financial Markets increased its stake in shares of e.l.f. Beauty by 3,131.7% during the 4th quarter. BNP Paribas Financial Markets now owns 924,902 shares of the company’s stock valued at $70,330,000 after acquiring an additional 896,282 shares during the last quarter. Norges Bank purchased a new position in shares of e.l.f. Beauty during the 4th quarter worth about $38,895,000. Delta Global Management LP purchased a new position in shares of e.l.f. Beauty during the 1st quarter worth about $1,227,000. Finally, Aurora Investment Counsel acquired a new stake in shares of e.l.f. Beauty in the second quarter worth approximately $2,868,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on ELF. Sanford C. Bernstein lifted their price objective on e.l.f. Beauty from $113.00 to $121.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $64.00 price target on shares of e.l.f. Beauty in a research note on Tuesday, June 16th. Weiss Ratings upgraded shares of e.l.f. Beauty from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 30th. Citigroup boosted their price objective on shares of 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. Finally, Piper Sandler upped their price objective on shares of e.l.f. Beauty from $50.00 to $65.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $92.12.

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.