e.l.f. Beauty, Inc. (NYSE:ELF) SVP Joshua Allen Franks Sells 29,388 Shares

e.l.f. Beauty, Inc. (NYSE:ELF) SVP Joshua Allen Franks sold 29,388 shares of the firm’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $166.40, for a total transaction of $4,890,163.20. Following the completion of the transaction, the senior vice president now directly owns 108,748 shares in the company, valued at approximately $18,095,667.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Monday, April 15th, Joshua Allen Franks sold 727 shares of e.l.f. Beauty stock. The shares were sold at an average price of $165.16, for a total transaction of $120,071.32.

e.l.f. Beauty Price Performance

NYSE ELF opened at $156.73 on Friday. e.l.f. Beauty, Inc. has a 52 week low of $83.80 and a 52 week high of $221.83. The company has a current ratio of 1.50, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27. The stock has a market cap of $8.70 billion, a price-to-earnings ratio of 69.35, a price-to-earnings-growth ratio of 1.56 and a beta of 1.57. The company has a 50-day moving average price of $186.27 and a two-hundred day moving average price of $148.90.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Tuesday, February 6th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.47 by $0.11. The firm had revenue of $270.94 million during the quarter, compared to analysts’ expectations of $239.66 million. e.l.f. Beauty had a net margin of 14.53% and a return on equity of 28.98%. Analysts forecast that e.l.f. Beauty, Inc. will post 2.5 EPS for the current year.

Analyst Ratings Changes

ELF has been the topic of a number of research reports. Raymond James raised their target price on shares of e.l.f. Beauty from $140.00 to $180.00 and gave the company a “strong-buy” rating in a research note on Monday, January 22nd. Piper Sandler raised their target price on shares of e.l.f. Beauty from $225.00 to $228.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. Truist Financial raised their target price on shares of e.l.f. Beauty from $150.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. DA Davidson reaffirmed a “buy” rating and set a $220.00 price target on shares of e.l.f. Beauty in a research note on Monday, April 8th. Finally, TD Cowen raised shares of e.l.f. Beauty from a “hold” rating to a “buy” rating and dropped their price target for the stock from $220.00 to $190.00 in a research note on Wednesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s 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 $184.33.

Institutional Trading of e.l.f. Beauty

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norden Group LLC lifted its stake in e.l.f. Beauty by 1,045.3% during the first quarter. Norden Group LLC now owns 62,612 shares of the company’s stock valued at $12,274,000 after purchasing an additional 57,145 shares during the last quarter. Lifestyle Asset Management Inc. acquired a new stake in e.l.f. Beauty during the first quarter valued at approximately $262,000. Leeward Financial Partners LLC purchased a new stake in shares of e.l.f. Beauty in the 1st quarter valued at approximately $224,000. State of Michigan Retirement System purchased a new stake in shares of e.l.f. Beauty in the 1st quarter valued at approximately $2,666,000. Finally, Griffin Asset Management Inc. purchased a new stake in shares of e.l.f. Beauty in the 1st quarter valued at approximately $345,000. 92.44% of the stock is owned by institutional investors and hedge funds.

About e.l.f. Beauty

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.