Insider Selling: e.l.f. Beauty (NYSE:ELF) SVP Sells 8,366 Shares of Company Stock

e.l.f. Beauty (NYSE:ELF) SVP Joshua Franks sold 8,366 shares of the business’s stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $110.01, for a total transaction of $920,343.66. Following the sale, the senior vice president owned 126,931 shares of the company’s stock, valued at approximately $13,963,679.31. This represents a 6.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, September 8th, Joshua Franks sold 200 shares of e.l.f. Beauty stock. The shares were sold at an average price of $110.00, for a total transaction of $22,000.00.
• 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 value of $606,320.00.
• On Wednesday, August 19th, Joshua Franks sold 5,718 shares of e.l.f. Beauty stock. The stock was sold at an average price of $100.00, for a total value of $571,800.00.

e.l.f. Beauty Stock Down 0.1%

NYSE:ELF traded down $0.11 during trading hours on Wednesday, hitting $108.05. The stock had a trading volume of 1,110,888 shares, compared to its average volume of 2,546,268. 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 has a 1-year low of $48.82 and a 1-year high of $141.50. The business has a 50 day simple moving average of $100.82 and a two-hundred day simple moving average of $77.94. The company has a market cap of $6.38 billion, a PE ratio of 108.05, a price-to-earnings-growth ratio of 3.10 and a beta of 1.61.

e.l.f. Beauty (NYSE:ELF) last posted its 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. The business had revenue of $479.37 million for the quarter, compared to analysts’ expectations of $431.20 million. e.l.f. Beauty had a net margin of 3.38% and a return on equity of 14.07%. The business’s revenue for the quarter was up 35.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.89 earnings per share. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. Analysts predict that e.l.f. Beauty will post 2.65 EPS for the current year.

Analysts Set New Price Targets

ELF has been the topic of a number of recent analyst reports. 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. B. Riley Financial reissued a “buy” rating and issued a $115.00 price objective (up from $100.00) on shares of e.l.f. Beauty in a research report on Wednesday, September 16th. Bank of America raised their target price on e.l.f. Beauty from $100.00 to $118.00 and gave the company a “buy” rating in a research note on Tuesday, September 15th. Piper Sandler lifted their target price on e.l.f. Beauty from $50.00 to $65.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Finally, Zacks Research upgraded e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 9th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $100.69.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ELF. BlackRock Inc. bought a new position in e.l.f. Beauty during the second quarter worth $428,262,000. State Street Corp increased its stake in e.l.f. Beauty by 4.2% during the second quarter. State Street Corp now owns 1,874,997 shares of the company’s stock valued at $138,647,000 after purchasing an additional 75,842 shares during the last quarter. Primecap Management Co. CA bought a new stake in e.l.f. Beauty during the second quarter valued at $78,202,000. Armistice Capital LLC raised its holdings in shares of e.l.f. Beauty by 394.9% during the fourth quarter. Armistice Capital LLC now owns 657,983 shares of the company’s stock worth $50,033,000 after purchasing an additional 525,018 shares during the period. Finally, Prime Capital Management Co Ltd acquired a new stake in shares of e.l.f. Beauty during the second quarter worth $44,736,000. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc is a cosmetics and skin-care company that develops, markets and sells beauty products through mass retailers, specialty beauty stores, e-commerce platforms and its own websites. Its portfolio includes makeup, skin-care, body-care and related beauty products designed to offer accessible pricing and broad consumer appeal.

The company’s principal brand is e.l.f. Cosmetics, which offers products such as complexion makeup, eye cosmetics, lip products, brushes and skin-care items.