e.l.f. Beauty (NYSE:ELF) SVP Joshua Allen Franks Sells 3,505 Shares

e.l.f. Beauty (NYSE:ELF) SVP Joshua Allen Franks sold 3,505 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $51.53, for a total transaction of $180,612.65. Following the transaction, the senior vice president owned 150,027 shares of the company’s stock, valued at approximately $7,730,891.31. The trade was a 2.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Thursday, June 4th, Joshua Allen Franks sold 6,854 shares of e.l.f. Beauty stock. The stock was sold at an average price of $51.94, for a total transaction of $355,996.76.
• On Monday, April 27th, Joshua Allen Franks sold 23,535 shares of e.l.f. Beauty stock. The stock was sold at an average price of $63.66, for a total transaction of $1,498,238.10.

e.l.f. Beauty Trading Up 4.5%

e.l.f. Beauty stock traded up $2.64 during mid-day trading on Thursday, hitting $60.76. 3,784,136 shares of the stock were exchanged, compared to its average volume of 2,805,131. The company has a quick ratio of 1.69, a current ratio of 2.35 and a debt-to-equity ratio of 0.72. e.l.f. Beauty has a 12 month low of $48.82 and a 12 month high of $150.99. The firm’s fifty day simple moving average is $59.46 and its two-hundred day simple moving average is $73.00. The stock has a market capitalization of $3.61 billion, a price-to-earnings ratio of 132.09, a PEG ratio of 2.29 and a beta of 1.63.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, May 20th. The company reported $0.32 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $449.29 million during the quarter, compared to analyst estimates of $423.06 million. During the same quarter last year, the business earned $0.78 EPS. The company’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. Analysts forecast that e.l.f. Beauty will post 2.41 EPS for the current year.

Institutional Trading of e.l.f. Beauty

Several hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in e.l.f. Beauty by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 5,487,304 shares of the company’s stock valued at $417,255,000 after purchasing an additional 140,258 shares during the period. Price T Rowe Associates Inc. MD grew its position in e.l.f. Beauty by 47.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,197,319 shares of the company’s stock valued at $167,086,000 after purchasing an additional 711,540 shares during the period. State Street Corp grew its position in e.l.f. Beauty by 0.8% in the 4th quarter. State Street Corp now owns 1,737,181 shares of the company’s stock valued at $132,095,000 after purchasing an additional 13,231 shares during the period. Swedbank AB grew its position in e.l.f. Beauty by 97.0% in the 4th quarter. Swedbank AB now owns 1,364,801 shares of the company’s stock valued at $103,779,000 after purchasing an additional 672,071 shares during the period. Finally, Ensign Peak Advisors Inc grew its position in e.l.f. Beauty by 37.7% in the 4th quarter. Ensign Peak Advisors Inc now owns 1,319,523 shares of the company’s stock valued at $100,337,000 after purchasing an additional 361,371 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. lowered their price target on shares of e.l.f. Beauty from $85.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Bank of America lowered their price objective on shares of e.l.f. Beauty from $93.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. UBS Group set a $80.00 price objective on shares of e.l.f. Beauty in a research note on Thursday, May 21st. Weiss Ratings lowered shares of e.l.f. Beauty from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, June 4th. Finally, Jefferies Financial Group lowered their price objective on shares of e.l.f. Beauty from $85.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $79.60.

e.l.f. Beauty Company Profile

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.