Joshua Allen Franks Sells 12,506 Shares of e.l.f. Beauty, Inc. (NYSE:ELF) Stock

e.l.f. Beauty, Inc. (NYSE:ELF) SVP Joshua Allen Franks sold 12,506 shares of the firm’s stock in a transaction on 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 transaction, the senior vice president now directly owns 86,237 shares of the company’s stock, valued at approximately $14,875,882.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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 shares were sold at an average price of $165.16, for a total transaction of $120,071.32.

e.l.f. Beauty Stock Performance

ELF opened at $179.56 on Friday. The firm has a market capitalization of $9.97 billion, a PE ratio of 79.45, a PEG ratio of 1.66 and a beta of 1.57. e.l.f. Beauty, Inc. has a twelve month low of $83.80 and a twelve month high of $221.83. The firm’s 50-day moving average price is $186.57 and its 200 day moving average price is $151.51. The company has a current ratio of 1.50, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.11. The firm had revenue of $270.94 million for 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%. As a group, sell-side analysts expect that e.l.f. Beauty, Inc. will post 2.5 EPS for the current fiscal year.

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

A number of institutional investors and hedge funds have recently bought and sold shares of ELF. Armstrong Advisory Group Inc. raised its stake in e.l.f. Beauty by 390.2% during the fourth quarter. Armstrong Advisory Group Inc. now owns 201 shares of the company’s stock worth $29,000 after purchasing an additional 160 shares during the period. Harbor Investment Advisory LLC purchased a new position in e.l.f. Beauty during the first quarter worth about $31,000. Oakworth Capital Inc. purchased a new position in e.l.f. Beauty during the first quarter worth about $33,000. BluePath Capital Management LLC purchased a new position in e.l.f. Beauty during the third quarter worth about $34,000. Finally, GPS Wealth Strategies Group LLC raised its stake in e.l.f. Beauty by 66.4% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 243 shares of the company’s stock worth $35,000 after purchasing an additional 97 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on ELF. Raymond James raised their price target on shares of e.l.f. Beauty from $140.00 to $180.00 and gave the company a “strong-buy” rating in a research report on Monday, January 22nd. Robert W. Baird began coverage on shares of e.l.f. Beauty in a research report on Tuesday, January 30th. They set a “neutral” rating and a $185.00 price target on the stock. Stifel Nicolaus raised their price target on shares of e.l.f. Beauty from $141.00 to $167.00 and gave the company a “hold” rating in a research report on Wednesday, February 7th. Bank of America raised their price target 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. Finally, JPMorgan Chase & Co. lifted their target price 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. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $184.33.

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.