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

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

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 stock was sold at an average price of $53.36, for a total transaction of $2,740,196.08.

e.l.f. Beauty Stock Performance

e.l.f. Beauty stock traded up $1.42 during mid-day trading on Friday, reaching $117.22. 940,218 shares of the company were exchanged, compared to its average volume of 2,510,254. 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 firm has a market cap of $6.61 billion, a PE ratio of 69.33, a price-to-earnings-growth ratio of 6.76 and a beta of 1.31. The firm's 50-day simple moving average is $71.30 and its two-hundred day simple moving average is $91.67. e.l.f. Beauty, Inc. has a twelve month low of $49.40 and a twelve month high of $219.77.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its earnings results 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 return on equity of 16.88% and a net margin of 7.55%. The company had revenue of $332.65 million during the quarter, compared to the consensus estimate of $327.45 million. During the same quarter last year, the company earned $0.53 earnings per share. e.l.f. Beauty's quarterly revenue was up 3.6% compared to the same quarter last year. Equities analysts predict that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on ELF. UBS Group lifted their target price on shares of e.l.f. Beauty from $59.00 to $84.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 21st. Bank of America increased their price target on e.l.f. Beauty from $80.00 to $95.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Canaccord Genuity Group set a $114.00 target price on e.l.f. Beauty in a research note on Thursday, May 29th. B. Riley restated a "buy" rating and set a $90.00 price target (down from $150.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Finally, Piper Sandler reiterated an "overweight" rating and set a $109.00 target price (up from $81.00) on shares of e.l.f. Beauty in a report on Thursday, May 29th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $120.71.

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

A number of institutional investors and hedge funds have recently bought and sold shares of ELF. Cim LLC grew its position in shares of e.l.f. Beauty by 6.4% in the first quarter. Cim LLC now owns 11,229 shares of the company's stock valued at $705,000 after purchasing an additional 671 shares during the period. Strs Ohio acquired a new stake in shares of e.l.f. Beauty during the first quarter valued at about $2,103,000. Peloton Wealth Strategists acquired a new position in shares of e.l.f. Beauty in the 1st quarter valued at approximately $477,000. United Services Automobile Association acquired a new stake in shares of e.l.f. Beauty in the 1st quarter valued at about $240,000. Finally, Fred Alger Management LLC bought a new position in e.l.f. Beauty during the 1st quarter worth approximately $3,754,000. Hedge funds and other institutional investors own 92.44% of the company's stock.

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.