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

Key Points

• Insider sale: e.l.f. Beauty SVP Joshua Allen Franks sold 8,366 shares for approximately $920,344, reducing his position by 6.18% to 126,931 shares. He has also made three other sales since August.
• Stock performance: ELF traded around $108.05, with a market capitalization of $6.38 billion. The shares remain well above their 50-day and 200-day moving averages but below the 52-week high of $141.50.
• Business and analyst outlook: The company exceeded quarterly earnings and revenue expectations, reporting $1.75 EPS and $479.37 million in revenue, up 35.5% year over year. Analysts maintain a “Moderate Buy” consensus, with an average price target of $100.69, while institutional investors own 92.44% of the stock.

e.l.f. Beauty (NYSE:ELF - Get Free Report) SVP Joshua Franks sold 8,366 shares of the 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 $13,963,679.31. This trade represents a 6.18% decrease in their position. 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 Tuesday, September 8th, Joshua Franks sold 200 shares of e.l.f. Beauty stock. The shares were sold at an average price of $110.00, for a total value 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 value 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 value of $571,800.00.

e.l.f. Beauty Stock Performance

Shares of ELF stock traded down $0.11 during midday trading on Wednesday, hitting $108.05. The company had a trading volume of 1,110,888 shares, compared to its average volume of 2,546,268. The company's 50 day simple moving average is $100.82 and its 200 day simple moving average is $77.94. e.l.f. Beauty has a 52-week low of $48.82 and a 52-week high of $141.50. The stock has a market cap of $6.38 billion, a price-to-earnings ratio of 108.05, a PEG ratio of 3.10 and a beta of 1.61. 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 (NYSE:ELF - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $1.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $1.04. e.l.f. Beauty had a return on equity of 14.07% and a net margin of 3.38%. The business had revenue of $479.37 million for the quarter, compared to analyst estimates of $431.20 million. During the same quarter in the previous year, the company posted $0.89 earnings per share. The company's revenue for the quarter was up 35.5% compared to the same quarter last year. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. Research analysts anticipate that e.l.f. Beauty will post 2.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ELF. BlackRock Inc. purchased a new stake in e.l.f. Beauty during the second quarter valued at about $428,262,000. State Street Corp lifted its stake in shares of e.l.f. Beauty by 4.2% in the 2nd quarter. State Street Corp now owns 1,874,997 shares of the company's stock valued at $138,647,000 after purchasing an additional 75,842 shares in the last quarter. Primecap Management Co. CA acquired a new position in shares of e.l.f. Beauty in the 2nd quarter valued at about $78,202,000. Armistice Capital LLC lifted its stake in shares of e.l.f. Beauty by 394.9% in the 4th quarter. Armistice Capital LLC now owns 657,983 shares of the company's stock valued at $50,033,000 after purchasing an additional 525,018 shares in the last quarter. Finally, Prime Capital Management Co Ltd acquired a new position in shares of e.l.f. Beauty in the 2nd quarter valued at about $44,736,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ELF shares. TD Cowen increased their price target on shares of e.l.f. Beauty from $85.00 to $110.00 and gave the stock a "buy" rating in a report on Monday, August 10th. Piper Sandler lifted their price objective on e.l.f. Beauty from $50.00 to $65.00 and gave the company a "neutral" rating in a report on Thursday, August 6th. Robert W. Baird lifted their price objective on e.l.f. Beauty from $105.00 to $120.00 and gave the company an "outperform" rating in a report on Wednesday, October 7th. Sanford C. Bernstein boosted their target price on e.l.f. Beauty from $121.00 to $127.00 and gave the stock an "outperform" rating in a research report on Thursday, September 17th. Finally, Weiss Ratings raised e.l.f. Beauty from a "sell (d)" rating to a "sell (d+)" rating in a research note on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $100.69.

e.l.f. Beauty Company Profile

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.

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