e.l.f. Beauty, Inc. (NYSE:ELF) SVP Sells $2,157,285.00 in Stock

e.l.f. Beauty, Inc. (NYSE:ELF) SVP Joshua Allen Franks sold 12,506 shares of e.l.f. Beauty stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $172.50, for a total transaction of $2,157,285.00. Following the completion of the transaction, the senior vice president now owns 86,237 shares of the company’s stock, valued at approximately $14,875,882.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, April 18th, Joshua Allen Franks sold 29,388 shares of e.l.f. Beauty stock. The stock was sold at an average price of $166.40, for a total transaction of $4,890,163.20.
• On Monday, April 15th, Joshua Allen Franks sold 727 shares of e.l.f. Beauty stock. The stock was sold at an average price of $165.16, for a total transaction of $120,071.32.

e.l.f. Beauty Trading Up 2.0 %

Shares of e.l.f. Beauty stock opened at $179.63 on Friday. e.l.f. Beauty, Inc. has a 1 year low of $83.80 and a 1 year high of $221.83. The firm has a market cap of $9.97 billion, a PE ratio of 79.48, a PEG ratio of 1.65 and a beta of 1.57. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.50 and a quick ratio of 0.83. The company has a 50 day simple moving average of $186.57 and a two-hundred day simple moving average of $151.86.

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

Analyst Ratings Changes

ELF has been the subject of a number of analyst reports. TD Cowen upgraded shares of e.l.f. Beauty from a “hold” rating to a “buy” rating and cut their price objective for the company from $220.00 to $190.00 in a research report on Wednesday, April 17th. Bank of America raised their price objective on shares of e.l.f. Beauty from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. DA Davidson restated a “buy” rating and issued a $220.00 price objective on shares of e.l.f. Beauty in a research report on Monday, April 8th. JPMorgan Chase & Co. raised their price objective on shares of e.l.f. Beauty from $130.00 to $175.00 and gave the company an “overweight” rating in a research report on Thursday, January 18th. Finally, Piper Sandler raised their price objective on shares of e.l.f. Beauty from $225.00 to $228.00 and gave the company an “overweight” rating in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $184.33.

Institutional Investors Weigh In On e.l.f. Beauty

A number of hedge funds have recently made changes to their positions in the business. Securian Asset Management Inc. bought a new stake in shares of e.l.f. Beauty in the 1st quarter worth approximately $894,000. YHB Investment Advisors Inc. bought a new stake in shares of e.l.f. Beauty in the 1st quarter worth approximately $125,000. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of e.l.f. Beauty by 1.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,445 shares of the company’s stock worth $3,420,000 after acquiring an additional 247 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its holdings in shares of e.l.f. Beauty by 259.4% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 363 shares of the company’s stock worth $71,000 after acquiring an additional 262 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in shares of e.l.f. Beauty by 79.4% in the 1st quarter. Global Retirement Partners LLC now owns 244 shares of the company’s stock worth $48,000 after acquiring an additional 108 shares during the last quarter. 92.44% of the stock is currently owned by 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.