e.l.f. Beauty, Inc. (NYSE:ELF) SVP Joshua Allen Franks Sells 1,496 Shares

e.l.f. Beauty, Inc. (NYSE:ELF - Get Free Report) SVP Joshua Allen Franks sold 1,496 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $117.61, for a total transaction of $175,944.56. Following the completion of the sale, the senior vice president now directly owns 120,471 shares in the company, valued at approximately $14,168,594.31. This trade represents a 1.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, June 4th, Joshua Allen Franks sold 11,860 shares of e.l.f. Beauty stock. The stock was sold at an average price of $115.56, for a total transaction of $1,370,541.60.
• On Monday, April 21st, Joshua Allen Franks sold 51,353 shares of e.l.f. Beauty stock. The shares were sold at an average price of $53.36, for a total value of $2,740,196.08.

e.l.f. Beauty Stock Performance

e.l.f. Beauty stock traded up $3.78 during midday trading on Thursday, hitting $128.30. 2,544,811 shares of the company's stock were exchanged, compared to its average volume of 2,537,481. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. The stock has a market cap of $7.23 billion, a price-to-earnings ratio of 75.92, a price-to-earnings-growth ratio of 6.76 and a beta of 1.52. e.l.f. Beauty, Inc. has a 12-month low of $49.40 and a 12-month high of $219.77. The firm's 50 day simple moving average is $76.00 and its 200 day simple moving average is $91.59.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its earnings results on Wednesday, May 28th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.06. e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. The business had revenue of $332.65 million during the quarter, compared to the consensus estimate of $327.45 million. During the same quarter in the prior year, the firm earned $0.53 earnings per share. The business's quarterly revenue was up 3.6% compared to the same quarter last year. Equities research analysts predict that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on ELF. Jefferies Financial Group set a $115.00 price target on e.l.f. Beauty and gave the stock a "buy" rating in a report on Thursday, May 29th. The Goldman Sachs Group decreased their target price on e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Truist Financial upped their price target on e.l.f. Beauty from $125.00 to $130.00 and gave the company a "buy" rating in a report on Friday, June 6th. Morgan Stanley raised their price objective on shares of e.l.f. Beauty from $70.00 to $105.00 and gave the stock an "equal weight" rating in a report on Thursday, May 29th. Finally, Bank of America upped their target price on shares of e.l.f. Beauty from $80.00 to $95.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $120.71.

Institutional Trading of e.l.f. Beauty

Several institutional investors and hedge funds have recently added to or reduced their stakes in ELF. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of e.l.f. Beauty by 14.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,942 shares of the company's stock valued at $4,823,000 after purchasing an additional 4,823 shares during the period. Wilmington Savings Fund Society FSB lifted its holdings in shares of e.l.f. Beauty by 84.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 429 shares of the company's stock worth $54,000 after purchasing an additional 197 shares during the period. Stephens Inc. AR grew its position in e.l.f. Beauty by 9.3% in the 4th quarter. Stephens Inc. AR now owns 6,484 shares of the company's stock valued at $814,000 after buying an additional 553 shares during the last quarter. Aubrey Capital Management Ltd acquired a new position in e.l.f. Beauty in the 4th quarter valued at $552,000. Finally, Legato Capital Management LLC acquired a new position in e.l.f. Beauty in the 4th quarter valued at $926,000. 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 holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.