e.l.f. Beauty (NYSE:ELF) SVP Sells $355,996.76 in Stock

e.l.f. Beauty (NYSE:ELF) SVP Joshua Allen Franks sold 6,854 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $51.94, for a total value of $355,996.76. Following the sale, the senior vice president directly owned 153,532 shares of the company’s stock, valued at $7,974,452.08. This represents a 4.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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 transaction of $1,498,238.10.

e.l.f. Beauty Trading Down 3.4%

Shares of NYSE:ELF traded down $1.77 during trading on Friday, hitting $49.67. 5,610,863 shares of the company’s stock were exchanged, compared to its average volume of 2,734,654. e.l.f. Beauty has a 1-year low of $48.82 and a 1-year high of $150.99. The firm has a 50-day moving average price of $60.27 and a two-hundred day moving average price of $73.49. The company has a current ratio of 2.35, a quick ratio of 1.69 and a debt-to-equity ratio of 0.72. The firm has a market cap of $2.95 billion, a P/E ratio of 107.97, a PEG ratio of 2.12 and a beta of 1.63.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Wednesday, May 20th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.03. e.l.f. Beauty had a net margin of 1.61% and a return on equity of 11.02%. The business had revenue of $449.29 million for the quarter, compared to analyst estimates of $423.06 million. During the same period in the prior year, the business posted $0.78 earnings per share. e.l.f. Beauty’s revenue was up 35.1% compared to the same quarter last year. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. Equities analysts predict that e.l.f. Beauty will post 2.44 earnings per share for the current year.

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

Institutional investors and hedge funds have recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. bought a new stake in e.l.f. Beauty during the 4th quarter worth approximately $26,000. Hilton Head Capital Partners LLC bought a new position in e.l.f. Beauty in the fourth quarter valued at approximately $32,000. EverSource Wealth Advisors LLC boosted its holdings in shares of e.l.f. Beauty by 97.0% in the second quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock valued at $32,000 after buying an additional 128 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of e.l.f. Beauty by 58.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock valued at $39,000 after buying an additional 117 shares during the period. Finally, Arax Advisory Partners bought a new stake in shares of e.l.f. Beauty during the fourth quarter worth $41,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ELF shares. Deutsche Bank Aktiengesellschaft set a $65.00 price objective on e.l.f. Beauty in a report on Thursday, May 14th. TD Cowen decreased their target price on e.l.f. Beauty from $110.00 to $100.00 and set a “buy” rating for the company in a research report on Monday, February 9th. Evercore began 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 for the company. Morgan Stanley cut their price target on shares of e.l.f. Beauty from $67.00 to $59.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 21st. Finally, Citigroup reduced their price objective on shares of e.l.f. Beauty from $115.00 to $87.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and an average target price of $82.75.

About e.l.f. Beauty

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.