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

Key Points

• e.l.f. Beauty SVP Joshua Allen Franks sold 5,512 shares at an average price of $110, generating $606,320; his remaining stake fell 3.82% to 138,797 shares.
• The company’s shares traded near $107.30, substantially above their 50-day and 200-day moving averages, after rising from a 52-week low of $48.82 but remaining below the $150.99 high.
• e.l.f. Beauty beat quarterly expectations with adjusted EPS of $1.75 versus $0.71 forecast and revenue of $479.37 million, up 35.5% year over year. Analysts maintain a “Moderate Buy” consensus, with an average price target of $92.12.

e.l.f. Beauty (NYSE:ELF - Get Free Report) SVP Joshua Franks sold 5,512 shares of the business's stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $110.00, for a total value of $606,320.00. Following the sale, the senior vice president owned 138,797 shares of the company's stock, valued at $15,267,670. The trade was a 3.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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 shares were sold at an average price of $100.00, for a total transaction of $571,800.00.
• On Tuesday, June 9th, Joshua Franks sold 3,505 shares of e.l.f. Beauty stock. The shares were sold at an average price of $51.53, for a total value of $180,612.65.

e.l.f. Beauty Trading Down 0.1%

Shares of ELF traded down $0.06 during midday trading on Thursday, reaching $107.30. The company had a trading volume of 1,683,541 shares, compared to its average volume of 2,751,540. The company has a quick ratio of 1.82, a current ratio of 2.55 and a debt-to-equity ratio of 0.69. e.l.f. Beauty has a 1-year low of $48.82 and a 1-year high of $150.99. The firm has a 50 day simple moving average of $86.25 and a 200-day simple moving average of $73.66. The stock has a market cap of $6.33 billion, a PE ratio of 107.30, a price-to-earnings-growth ratio of 3.28 and a beta of 1.60.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $1.75 EPS for the quarter, beating the consensus estimate of $0.71 by $1.04. e.l.f. Beauty had a net margin of 3.38% and a return on equity of 14.07%. The firm 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 earned $0.89 EPS. The business'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 forecast that e.l.f. Beauty will post 2.64 EPS for the current fiscal year.

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

Institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its stake in shares of e.l.f. Beauty by 58.5% in 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 in the last quarter. Greenwood Capital Associates LLC lifted its position in e.l.f. Beauty by 2.4% during the 2nd quarter. Greenwood Capital Associates LLC now owns 5,436 shares of the company's stock worth $402,000 after acquiring an additional 125 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in e.l.f. Beauty by 97.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company's stock worth $32,000 after acquiring an additional 128 shares in the last quarter. Horizon Investments LLC boosted its holdings in e.l.f. Beauty by 13.4% in the 4th quarter. Horizon Investments LLC now owns 1,089 shares of the company's stock worth $83,000 after acquiring an additional 129 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its holdings in e.l.f. Beauty by 0.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 17,246 shares of the company's stock worth $2,285,000 after acquiring an additional 144 shares during the period. 92.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ELF has been the subject of several recent analyst reports. B. Riley Financial lifted their price objective on shares of e.l.f. Beauty from $70.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $64.00 price target on shares of e.l.f. Beauty in a research note on Tuesday, June 16th. Zacks Research raised e.l.f. Beauty from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 12th. UBS Group upped their price objective on e.l.f. Beauty from $80.00 to $89.00 and gave the stock a "neutral" rating in a research report on Thursday, August 6th. Finally, Robert W. Baird set a $105.00 price objective on e.l.f. Beauty in a report on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $92.12.

About e.l.f. Beauty

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.

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