Joshua Allen Franks Sells 200 Shares of e.l.f. Beauty (NYSE:ELF) Stock

Key Points

• Insider sale: e.l.f. Beauty SVP Joshua Allen Franks sold 200 shares at $110 each for $22,000, following larger sales of 5,512 shares on September 1 and 5,718 shares on August 19. He retains 135,297 shares after the latest transaction.
• Stock performance: ELF traded down $4.20 to $100.11, but remains well above its 50-day and 200-day moving averages of $89.33 and $74.31, respectively. The stock has traded between $48.82 and $150.99 over the past year.
• Business and analyst outlook: e.l.f. Beauty beat quarterly earnings and revenue estimates, reporting $1.75 in EPS and $479.37 million in revenue, with revenue up 35.5% year over year. Analysts maintain a consensus “Moderate Buy” rating, with an average price target of $92.12.

e.l.f. Beauty (NYSE:ELF - Get Free Report) SVP Joshua Franks sold 200 shares of the firm's stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $110.00, for a total value of $22,000.00. Following the transaction, the senior vice president directly owned 135,297 shares in the company, valued at approximately $14,882,670. The trade was a 0.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• 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

NYSE:ELF traded down $4.20 during mid-day trading on Wednesday, reaching $100.11. 1,611,196 shares of the stock were exchanged, compared to its average volume of 2,731,372. The company has a quick ratio of 1.82, a current ratio of 2.55 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $5.91 billion, a P/E ratio of 100.11, a P/E/G ratio of 3.41 and a beta of 1.60. The company has a 50 day simple moving average of $89.33 and a 200-day simple moving average of $74.31. e.l.f. Beauty has a 1 year low of $48.82 and a 1 year high of $150.99.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $1.75 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $1.04. The business had revenue of $479.37 million for the quarter, compared to analysts' expectations of $431.20 million. e.l.f. Beauty had a net margin of 3.38% and a return on equity of 14.07%. The company's quarterly revenue was up 35.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.89 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. Analysts anticipate that e.l.f. Beauty will post 2.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On e.l.f. Beauty

Hedge funds and other institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its stake in e.l.f. Beauty by 97.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company's stock valued at $32,000 after purchasing an additional 128 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in e.l.f. Beauty by 58.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company's stock worth $39,000 after purchasing an additional 117 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new stake in e.l.f. Beauty during the fourth quarter worth $32,000. Continuum Advisory LLC acquired a new stake in e.l.f. Beauty in the second quarter valued at $31,000. Finally, Johnson Financial Group Inc. acquired a new stake in e.l.f. Beauty in the third quarter valued at $64,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on ELF shares. UBS Group increased their price target on shares of e.l.f. Beauty from $80.00 to $89.00 and gave the stock a "neutral" rating in a report on Thursday, August 6th. JPMorgan Chase & Co. reduced their price target on e.l.f. Beauty from $111.00 to $106.00 and set an "overweight" rating for the company in a report on Wednesday, August 19th. Jefferies Financial Group lifted their price target on e.l.f. Beauty from $72.00 to $100.00 and gave the company a "buy" rating in a research note on Tuesday, July 28th. Bank of America dropped their price objective on e.l.f. Beauty from $93.00 to $85.00 and set a "buy" rating on the stock in a report on Thursday, May 21st. Finally, Canaccord Genuity Group increased their price objective on e.l.f. Beauty from $110.00 to $123.00 and gave the stock a "buy" rating in a research report on Thursday, August 27th. 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 issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average 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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