e.l.f. Beauty, Inc. (NYSE:ELF) SVP Sells $120,071.32 in Stock

e.l.f. Beauty, Inc. (NYSE:ELF - Get Free Report) SVP Joshua Allen Franks sold 727 shares of the business's stock in a transaction on Monday, April 15th. The shares were sold at an average price of $165.16, for a total transaction of $120,071.32. Following the completion of the transaction, the senior vice president now owns 83,736 shares in the company, valued at approximately $13,829,837.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

e.l.f. Beauty Stock Up 0.4 %

Shares of NYSE:ELF traded up $0.58 during midday trading on Wednesday, hitting $166.26. 1,728,187 shares of the company's stock were exchanged, compared to its average volume of 1,540,140. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.50 and a quick ratio of 0.83. The stock has a 50 day moving average price of $186.67 and a 200-day moving average price of $148.31. The company has a market cap of $9.23 billion, a PE ratio of 73.41, a price-to-earnings-growth ratio of 1.52 and a beta of 1.57. e.l.f. Beauty, Inc. has a 12 month low of $83.80 and a 12 month high of $221.83.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its earnings results on Tuesday, February 6th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.47 by $0.11. The company had revenue of $270.94 million during the quarter, compared to the consensus estimate of $239.66 million. e.l.f. Beauty had a net margin of 14.53% and a return on equity of 28.98%. On average, sell-side analysts anticipate that e.l.f. Beauty, Inc. will post 2.5 EPS for the current fiscal year.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its position in shares of e.l.f. Beauty by 0.9% during the first quarter. BlackRock Inc. now owns 7,287,057 shares of the company's stock worth $188,224,000 after acquiring an additional 67,611 shares in the last quarter. Vanguard Group Inc. grew its position in e.l.f. Beauty by 8.9% in the 3rd quarter. Vanguard Group Inc. now owns 6,147,304 shares of the company's stock worth $231,262,000 after purchasing an additional 504,690 shares in the last quarter. Wellington Management Group LLP grew its position in e.l.f. Beauty by 5.2% in the 4th quarter. Wellington Management Group LLP now owns 2,540,832 shares of the company's stock worth $366,744,000 after purchasing an additional 126,231 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in e.l.f. Beauty by 1.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,870,307 shares of the company's stock worth $269,961,000 after purchasing an additional 33,243 shares in the last quarter. Finally, State Street Corp grew its position in e.l.f. Beauty by 2.8% in the 2nd quarter. State Street Corp now owns 1,738,116 shares of the company's stock worth $198,545,000 after purchasing an additional 47,142 shares in the last quarter. 92.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ELF. Bank of America boosted their target price on shares of e.l.f. Beauty from $200.00 to $230.00 and gave the company a "buy" rating in a report on Wednesday, March 6th. Morgan Stanley boosted their target price on shares of e.l.f. Beauty from $168.00 to $184.00 and gave the company an "equal weight" rating in a report on Wednesday, February 7th. DA Davidson restated a "buy" rating and issued a $220.00 target price on shares of e.l.f. Beauty in a report on Monday, April 8th. Raymond James upped their price objective on shares of e.l.f. Beauty from $140.00 to $180.00 and gave the company a "strong-buy" rating in a report on Monday, January 22nd. Finally, Stifel Nicolaus upped their price objective on shares of e.l.f. Beauty from $141.00 to $167.00 and gave the company a "hold" rating in a report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $184.33.

About e.l.f. Beauty

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.

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