e.l.f. Beauty (NYSE:ELF) SVP Joshua Allen Franks Sells 8,366 Shares of Company Stock

e.l.f. Beauty (NYSE:ELF) SVP Joshua Franks sold 8,366 shares of the firm’s stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $110.01, for a total transaction of $920,343.66. Following the sale, the senior vice president owned 126,931 shares of the company’s stock, valued at approximately $13,963,679.31. The trade was a 6.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, September 8th, Joshua Franks sold 200 shares of e.l.f. Beauty stock. The stock was sold at an average price of $110.00, for a total transaction of $22,000.00.
• On Tuesday, September 1st, Joshua Franks sold 5,512 shares of e.l.f. Beauty stock. The shares were sold at an average price of $110.00, for a total transaction of $606,320.00.
• On Wednesday, August 19th, Joshua Franks sold 5,718 shares of e.l.f. Beauty stock. The shares were sold at an average price of $100.00, for a total transaction of $571,800.00.

e.l.f. Beauty Stock Performance

e.l.f. Beauty stock opened at $108.05 on Thursday. The firm has a 50 day simple moving average of $101.24 and a 200-day simple moving average of $78.23. e.l.f. Beauty has a 1-year low of $48.82 and a 1-year high of $141.50. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.55 and a quick ratio of 1.82. The stock has a market cap of $6.38 billion, a price-to-earnings ratio of 108.05, a price-to-earnings-growth ratio of 3.05 and a beta of 1.61.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $1.04. The business had revenue of $479.37 million during the quarter, compared to the consensus estimate of $431.20 million. e.l.f. Beauty had a net margin of 3.38% and a return on equity of 14.07%. The business’s revenue was up 35.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.89 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. On average, analysts expect that e.l.f. Beauty will post 2.65 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Zacks Research upgraded shares of e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 9th. The Goldman Sachs Group set a $100.00 price objective on e.l.f. Beauty in a research note on Thursday, August 6th. Piper Sandler increased their price objective on e.l.f. Beauty from $50.00 to $65.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Sanford C. Bernstein lifted their target price on e.l.f. Beauty from $121.00 to $127.00 and gave the company an “outperform” rating in a report on Thursday, September 17th. Finally, Bank of America boosted their target price on e.l.f. Beauty from $100.00 to $118.00 and gave the stock a “buy” rating in a research note on Tuesday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, e.l.f. Beauty has a consensus rating of “Moderate Buy” and an average target price of $100.69.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in e.l.f. Beauty in the second quarter valued at approximately $428,262,000. Primecap Management Co. CA acquired a new position in e.l.f. Beauty during the second quarter worth approximately $78,202,000. Prime Capital Management Co Ltd acquired a new position in e.l.f. Beauty during the second quarter worth approximately $44,736,000. Armistice Capital LLC raised its stake in e.l.f. Beauty by 394.9% during the fourth quarter. Armistice Capital LLC now owns 657,983 shares of the company’s stock worth $50,033,000 after purchasing an additional 525,018 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in e.l.f. Beauty during the second quarter worth approximately $23,624,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

About e.l.f. Beauty

e.l.f. Beauty, Inc is a cosmetics and skin-care company that develops, markets and sells beauty products through mass retailers, specialty beauty stores, e-commerce platforms and its own websites. Its portfolio includes makeup, skin-care, body-care and related beauty products designed to offer accessible pricing and broad consumer appeal.

The company’s principal brand is e.l.f. Cosmetics, which offers products such as complexion makeup, eye cosmetics, lip products, brushes and skin-care items.