Insider Selling: e.l.f. Beauty, Inc. (NYSE:ELF) SVP Sells 12,506 Shares of Stock

e.l.f. Beauty, Inc. (NYSE:ELF) SVP Joshua Allen Franks sold 12,506 shares of the business’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 sale, the senior vice president now directly owns 86,237 shares in the company, valued at approximately $14,875,882.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $165.16, for a total transaction of $120,071.32.

e.l.f. Beauty Stock Down 0.5 %

Shares of ELF traded down $0.95 on Thursday, reaching $176.03. The company’s stock had a trading volume of 2,058,165 shares, compared to its average volume of 1,593,945. e.l.f. Beauty, Inc. has a twelve month low of $83.80 and a twelve month 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 firm has a fifty day moving average of $186.44 and a 200-day moving average of $150.79. The stock has a market capitalization of $9.77 billion, a PE ratio of 78.33, a PEG ratio of 1.66 and a beta of 1.57.

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

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

A number of institutional investors have recently added to or reduced their stakes in ELF. Vanguard Group Inc. grew its position in shares of e.l.f. Beauty by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 6,050,649 shares of the company’s stock valued at $873,351,000 after acquiring an additional 79,701 shares during the period. Wellington Management Group LLP lifted its stake in shares of e.l.f. Beauty by 5.2% during the 4th quarter. Wellington Management Group LLP now owns 2,540,832 shares of the company’s stock valued at $366,744,000 after buying an additional 126,231 shares in the last quarter. Invesco Ltd. lifted its position in e.l.f. Beauty by 15.3% during the third quarter. Invesco Ltd. now owns 1,497,707 shares of the company’s stock valued at $164,493,000 after purchasing an additional 198,235 shares during the period. William Blair Investment Management LLC lifted its position in e.l.f. Beauty by 58.2% during the third quarter. William Blair Investment Management LLC now owns 1,424,268 shares of the company’s stock valued at $156,427,000 after purchasing an additional 523,903 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in e.l.f. Beauty by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 952,863 shares of the company’s stock valued at $137,538,000 after purchasing an additional 7,999 shares during the period. 92.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ELF. Bank of America boosted their target price on shares of e.l.f. Beauty from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Morgan Stanley boosted their target price on shares of e.l.f. Beauty from $168.00 to $184.00 and gave the company an “equal weight” rating in a report on Wednesday, February 7th. Robert W. Baird started coverage on shares of e.l.f. Beauty in a report on Tuesday, January 30th. They issued a “neutral” rating and a $185.00 target price on the stock. DA Davidson reiterated a “buy” rating and set a $220.00 price objective on shares of e.l.f. Beauty in a report on Monday, April 8th. Finally, Stifel Nicolaus upped their price objective on shares of e.l.f. Beauty from $141.00 to $167.00 and gave the company a “hold” rating in a report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and an average price target of $184.33.

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.