e.l.f. Beauty, Inc. (NYSE:ELF) SVP Joshua Allen Franks Sells 11,860 Shares

e.l.f. Beauty, Inc. (NYSE:ELF - Get Free Report) SVP Joshua Allen Franks sold 11,860 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $115.56, for a total transaction of $1,370,541.60. Following the completion of the sale, the senior vice president now directly owns 121,967 shares of the company's stock, valued at approximately $14,094,506.52. This represents a 8.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 transaction of $2,740,196.08.

e.l.f. Beauty Trading Up 1.8%

Shares of ELF traded up $2.03 during trading hours on Friday, reaching $117.83. The stock had a trading volume of 1,992,555 shares, compared to its average volume of 2,526,771. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. e.l.f. Beauty, Inc. has a 52 week low of $49.40 and a 52 week high of $219.77. The firm has a 50-day moving average of $72.37 and a 200 day moving average of $91.45. The company has a market cap of $6.64 billion, a P/E ratio of 69.72, a P/E/G ratio of 6.76 and a beta of 1.52.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The company reported $0.78 EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $327.45 million. During the same quarter in the prior year, the company earned $0.53 EPS. The firm's quarterly revenue was up 3.6% on a year-over-year basis. On average, sell-side analysts expect that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on ELF shares. Raymond James raised their price target on shares of e.l.f. Beauty from $95.00 to $105.00 and gave the company a "strong-buy" rating in a report on Thursday, May 29th. DA Davidson lowered their price target on shares of e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating for the company in a report on Monday, March 17th. The Goldman Sachs Group lowered their target price on shares of e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating for the company in a report on Friday, February 21st. JPMorgan Chase & Co. upped their target price on shares of e.l.f. Beauty from $70.00 to $123.00 and gave the company an "overweight" rating in a research report on Friday, May 30th. Finally, UBS Group upped their target price on shares of e.l.f. Beauty from $59.00 to $84.00 and gave the company a "neutral" rating in a research report on Wednesday, May 21st. Five investment 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 company's stock. Based on data from MarketBeat.com, e.l.f. Beauty currently has an average rating of "Moderate Buy" and a consensus target price of $120.71.

Institutional Trading of e.l.f. Beauty

A number of large investors have recently made changes to their positions in the company. Truist Financial Corp increased its position in shares of e.l.f. Beauty by 1.3% in the 4th quarter. Truist Financial Corp now owns 7,885 shares of the company's stock valued at $990,000 after buying an additional 102 shares in the last quarter. Arizona State Retirement System boosted its stake in e.l.f. Beauty by 0.8% in the 4th quarter. Arizona State Retirement System now owns 16,365 shares of the company's stock worth $2,055,000 after purchasing an additional 128 shares during the period. Treasurer of the State of North Carolina boosted its stake in e.l.f. Beauty by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 23,630 shares of the company's stock worth $2,967,000 after purchasing an additional 140 shares during the period. Atria Wealth Solutions Inc. boosted its stake in e.l.f. Beauty by 7.7% in the 4th quarter. Atria Wealth Solutions Inc. now owns 2,089 shares of the company's stock worth $262,000 after purchasing an additional 150 shares during the period. Finally, Horizon Investments LLC boosted its stake in e.l.f. Beauty by 29.0% in the 4th quarter. Horizon Investments LLC now owns 742 shares of the company's stock worth $93,000 after purchasing an additional 167 shares during the period. Institutional investors own 92.44% of the company's stock.

e.l.f. Beauty Company Profile

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.