e.l.f. Beauty (NYSE:ELF) SVP Joshua Allen Franks Sells 5,512 Shares of Stock

e.l.f. Beauty (NYSE:ELF) SVP Joshua Franks sold 5,512 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $110.00, for a total transaction of $606,320.00. Following the sale, the senior vice president owned 138,797 shares of the company’s stock, valued at approximately $15,267,670. This represents a 3.82% 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 Wednesday, August 19th, Joshua Franks sold 5,718 shares of e.l.f. Beauty stock. The stock was sold at an average price of $100.00, for a total value of $571,800.00.
• On Tuesday, June 9th, Joshua Franks sold 3,505 shares of e.l.f. Beauty stock. The stock was sold at an average price of $51.53, for a total value of $180,612.65.

e.l.f. Beauty Stock Performance

Shares of ELF opened at $107.30 on Friday. The firm has a market capitalization of $6.33 billion, a P/E ratio of 107.30, a PEG ratio of 3.34 and a beta of 1.60. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.55 and a quick ratio of 1.82. e.l.f. Beauty has a one year low of $48.82 and a one year high of $150.99. The business has a fifty day moving average of $87.09 and a 200 day moving average of $73.85.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Wednesday, August 5th. The company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $1.04. The company had revenue of $479.37 million for the quarter, compared to the consensus estimate of $431.20 million. e.l.f. Beauty had a return on equity of 14.07% and a net margin of 3.38%.e.l.f. Beauty’s revenue was up 35.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.89 earnings per share. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. As a group, sell-side analysts anticipate that e.l.f. Beauty will post 2.64 EPS for the current year.

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

Several hedge funds have recently modified their holdings of the stock. Royal Bank of Canada increased its holdings in e.l.f. Beauty by 9.9% in the 1st quarter. Royal Bank of Canada now owns 153,682 shares of the company’s stock valued at $9,650,000 after acquiring an additional 13,851 shares during the last quarter. Integrated Wealth Concepts LLC increased its holdings in shares of e.l.f. Beauty by 168.6% in the first quarter. Integrated Wealth Concepts LLC now owns 6,483 shares of the company’s stock worth $407,000 after purchasing an additional 4,069 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of e.l.f. Beauty by 176.4% in the first quarter. NewEdge Advisors LLC now owns 4,677 shares of the company’s stock worth $294,000 after purchasing an additional 2,985 shares during the last quarter. United Services Automobile Association purchased a new stake in shares of e.l.f. Beauty in the first quarter worth about $240,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in e.l.f. Beauty by 58.5% during 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 last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Weiss Ratings upgraded shares of e.l.f. Beauty from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 30th. Jefferies Financial Group increased their price target on shares of e.l.f. Beauty from $72.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Zacks Research upgraded shares of e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 12th. The Goldman Sachs Group set a $100.00 price objective on shares of e.l.f. Beauty in a research report on Thursday, August 6th. Finally, JPMorgan Chase & Co. reduced their price objective on e.l.f. Beauty from $111.00 to $106.00 and set an “overweight” rating for the company in a research note on Wednesday, August 19th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $92.12.

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.