e.l.f. Beauty (NYSE:ELF – Get Free Report) SVP Joshua Allen Franks sold 6,854 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $51.94, for a total value of $355,996.76. Following the completion of the sale, the senior vice president owned 153,532 shares of the company’s stock, valued at $7,974,452.08. This trade represents a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Joshua Allen Franks also recently made the following trade(s):
- On Monday, April 27th, Joshua Allen Franks sold 23,535 shares of e.l.f. Beauty stock. The shares were sold at an average price of $63.66, for a total value of $1,498,238.10.
e.l.f. Beauty Stock Down 3.4%
e.l.f. Beauty stock opened at $49.67 on Friday. The stock has a market capitalization of $2.95 billion, a PE ratio of 107.97, a price-to-earnings-growth ratio of 2.11 and a beta of 1.63. e.l.f. Beauty has a 12 month low of $48.82 and a 12 month high of $150.99. The business has a 50 day simple moving average of $59.88 and a 200-day simple moving average of $73.32. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.35 and a quick ratio of 1.69.
Analyst Ratings Changes
ELF has been the topic of a number of research analyst reports. Jefferies Financial Group lowered their price target on e.l.f. Beauty from $85.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Evercore initiated coverage on e.l.f. Beauty in a research note on Thursday, April 2nd. They issued an “inline” rating and a $68.00 price target on the stock. Canaccord Genuity Group lowered their price target on e.l.f. Beauty from $100.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Piper Sandler lowered their price target on e.l.f. Beauty from $60.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, May 21st. Finally, JPMorgan Chase & Co. lowered their price target on e.l.f. Beauty from $85.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and an average target price of $79.60.
Check Out Our Latest Report on e.l.f. Beauty
e.l.f. Beauty News Summary
Here are the key news stories impacting e.l.f. Beauty this week:
- Positive Sentiment: rhode, e.l.f. Beauty’s acquired beauty brand, announced a major global expansion into Mexico and seven additional European countries, which could support longer-term sales growth and brand visibility. Article Title
- Neutral Sentiment: e.l.f. Beauty is being highlighted as a trending stock by Zacks, keeping investor attention elevated, but the note does not include new fundamentals or a clear catalyst. Article Title
- Neutral Sentiment: The company also presented at a consumer conference, which may help maintain visibility with analysts and investors, but no major new guidance was provided in the transcript headline. Article Title
- Negative Sentiment: Multiple insiders sold shares on June 4, including Mandy J. Fields, Joshua Allen Franks, and Jennifer Catherine Hartnett, which can weigh on sentiment because investors often view clustered insider selling as a cautionary signal. Article Title Article Title Article Title
- Negative Sentiment: A law-firm notice questioning whether e.l.f. Beauty insiders breached fiduciary duties adds headline risk and may reinforce concerns around insider activity. Article Title
- Negative Sentiment: Recent commentary from The Motley Fool noted that the stock fell in May despite a strong report, suggesting investors remain worried about valuation and the outlook rather than just near-term results. Article Title
Hedge Funds Weigh In On e.l.f. Beauty
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Migdal Insurance & Financial Holdings Ltd. acquired a new position in e.l.f. Beauty during the fourth quarter worth $26,000. Hilton Head Capital Partners LLC acquired a new position in e.l.f. Beauty during the fourth quarter worth $32,000. EverSource Wealth Advisors LLC boosted its stake in e.l.f. Beauty by 97.0% during the second quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock worth $32,000 after buying an additional 128 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake 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 buying an additional 117 shares during the last quarter. Finally, Arax Advisory Partners acquired a new position in e.l.f. Beauty during the fourth quarter worth $41,000. Institutional investors and hedge funds own 92.44% of the company’s stock.
e.l.f. Beauty Company Profile
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.
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