e.l.f. Beauty, Inc. (NYSE:ELF) SVP Joshua Allen Franks Sells 727 Shares

e.l.f. Beauty, Inc. (NYSE:ELF) 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 value of $120,071.32. Following the completion of the sale, the senior vice president now owns 83,736 shares in the company, valued at $13,829,837.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, April 18th, Joshua Allen Franks sold 29,388 shares of e.l.f. Beauty stock. The shares were sold at an average price of $166.40, for a total value of $4,890,163.20.

e.l.f. Beauty Price Performance

ELF opened at $156.73 on Friday. The stock has a 50-day moving average price of $186.27 and a 200-day moving average price of $148.90. e.l.f. Beauty, Inc. has a 12-month low of $83.80 and a 12-month high of $221.83. The company has a current ratio of 1.50, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $8.70 billion, a P/E ratio of 69.35, a PEG ratio of 1.54 and a beta of 1.57.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.11. e.l.f. Beauty had a return on equity of 28.98% and a net margin of 14.53%. The firm had revenue of $270.94 million during the quarter, compared to analysts’ expectations of $239.66 million. Equities analysts predict that e.l.f. Beauty, Inc. will post 2.5 earnings per share for the current fiscal year.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Norden Group LLC boosted its holdings in shares of e.l.f. Beauty by 1,045.3% in the 1st quarter. Norden Group LLC now owns 62,612 shares of the company’s stock worth $12,274,000 after purchasing an additional 57,145 shares in the last quarter. Lifestyle Asset Management Inc. bought a new position in e.l.f. Beauty during the 1st quarter worth approximately $262,000. Leeward Financial Partners LLC bought a new position in e.l.f. Beauty during the 1st quarter worth approximately $224,000. State of Michigan Retirement System bought a new position in e.l.f. Beauty during the 1st quarter worth approximately $2,666,000. Finally, Griffin Asset Management Inc. bought a new position in e.l.f. Beauty during the 1st quarter worth approximately $345,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ELF. StockNews.com lowered e.l.f. Beauty from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. Piper Sandler boosted their price objective on e.l.f. Beauty from $225.00 to $228.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. Bank of America boosted their price objective on e.l.f. Beauty from $200.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. TD Cowen upgraded e.l.f. Beauty from a “hold” rating to a “buy” rating and decreased their price objective for the company from $220.00 to $190.00 in a research note on Wednesday. Finally, Raymond James upped their target price on e.l.f. Beauty from $140.00 to $180.00 and gave the stock a “strong-buy” rating in a research note on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.