e.l.f. Beauty, Inc. (NYSE:ELF) SVP Sells $4,890,163.20 in Stock

e.l.f. Beauty, Inc. (NYSE:ELF) SVP Joshua Allen Franks sold 29,388 shares of the firm’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $166.40, for a total value of $4,890,163.20. Following the completion of the sale, the senior vice president now directly owns 108,748 shares in the company, valued at approximately $18,095,667.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• 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 value of $120,071.32.

e.l.f. Beauty Trading Down 6.4 %

Shares of ELF stock traded down $10.78 on Friday, hitting $156.73. The company had a trading volume of 2,661,299 shares, compared to its average volume of 1,564,087. 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 debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 1.50. The firm has a market cap of $8.70 billion, a P/E ratio of 69.59, a P/E/G ratio of 1.54 and a beta of 1.57. The stock’s 50-day moving average is $186.62 and its two-hundred day moving average is $148.57.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Tuesday, February 6th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.11. The business had revenue of $270.94 million during the quarter, compared to the consensus estimate of $239.66 million. e.l.f. Beauty had a net margin of 14.53% and a return on equity of 28.98%. On average, equities research analysts anticipate that e.l.f. Beauty, Inc. will post 2.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ELF has been the subject of a number of research reports. Truist Financial increased their target price on shares of e.l.f. Beauty from $150.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Robert W. Baird assumed coverage on shares of e.l.f. Beauty in a report on Tuesday, January 30th. They set a “neutral” rating and a $185.00 price target for the company. Bank of America raised their price objective on e.l.f. Beauty from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Piper Sandler increased their target price on e.l.f. Beauty from $225.00 to $228.00 and gave the company an “overweight” rating in a research report on Tuesday, April 9th. Finally, DA Davidson restated a “buy” rating and set a $220.00 price target on shares of e.l.f. Beauty in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $184.33.

Institutional Trading of e.l.f. Beauty

A number of institutional investors have recently bought and sold shares of the company. Guidance Capital Inc. lifted its stake in shares of e.l.f. Beauty by 1.6% in the 4th quarter. Guidance Capital Inc. now owns 3,510 shares of the company’s stock valued at $490,000 after purchasing an additional 56 shares during the period. First Trust Direct Indexing L.P. lifted its stake in e.l.f. Beauty by 3.2% in the fourth quarter. First Trust Direct Indexing L.P. now owns 2,106 shares of the company’s stock valued at $304,000 after buying an additional 65 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of e.l.f. Beauty by 0.3% during the 4th quarter. State of Alaska Department of Revenue now owns 33,993 shares of the company’s stock worth $4,906,000 after buying an additional 85 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of e.l.f. Beauty by 33.2% during the 1st quarter. GAMMA Investing LLC now owns 353 shares of the company’s stock worth $69,000 after buying an additional 88 shares in the last quarter. Finally, American International Group Inc. grew its position in shares of e.l.f. Beauty by 0.3% during the 4th quarter. American International Group Inc. now owns 29,435 shares of the company’s stock worth $4,249,000 after buying an additional 90 shares during the period. Institutional investors own 92.44% of the company’s stock.

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.