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

e.l.f. Beauty, Inc. (NYSE:ELF) SVP Joshua Allen Franks sold 11,860 shares of the business’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 value of $1,370,541.60. Following the transaction, the senior vice president now directly owns 121,967 shares in the company, valued at $14,094,506.52. This trade represents a 8.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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 value of $2,740,196.08.

e.l.f. Beauty Trading Up 1.8%

e.l.f. Beauty stock opened at $117.83 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. The business’s fifty day simple moving average is $72.37 and its two-hundred day simple moving average is $91.65. e.l.f. Beauty, Inc. has a 12 month low of $49.40 and a 12 month high of $219.77. The company has a market capitalization of $6.65 billion, a price-to-earnings ratio of 69.72, a price-to-earnings-growth ratio of 6.76 and a beta of 1.31.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, May 28th. The company reported $0.78 EPS for the quarter, topping the consensus estimate 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 business had revenue of $332.65 million for the quarter, compared to the consensus estimate of $327.45 million. During the same period in the previous year, the company posted $0.53 earnings per share. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, equities analysts predict that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ELF has been the topic of several research analyst reports. Piper Sandler reissued an “overweight” rating and set a $109.00 target price (up from $81.00) on shares of e.l.f. Beauty in a research note on Thursday, May 29th. Jefferies Financial Group set a $115.00 target price on e.l.f. Beauty and gave the company a “buy” rating in a research note on Thursday, May 29th. The Goldman Sachs Group reduced their price target on e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. UBS Group upped their price target on 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. Finally, JPMorgan Chase & Co. upped their price target on e.l.f. Beauty from $70.00 to $123.00 and gave the stock an “overweight” rating in a research note on Friday, May 30th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $120.71.

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

Several hedge funds have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. boosted its holdings in e.l.f. Beauty by 51.0% in the fourth quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company’s stock worth $1,005,584,000 after acquiring an additional 2,703,742 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of e.l.f. Beauty by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 5,497,208 shares of the company’s stock valued at $690,174,000 after purchasing an additional 68,103 shares in the last quarter. Champlain Investment Partners LLC lifted its holdings in shares of e.l.f. Beauty by 19.7% during the first quarter. Champlain Investment Partners LLC now owns 2,665,026 shares of the company’s stock valued at $167,337,000 after purchasing an additional 438,575 shares in the last quarter. William Blair Investment Management LLC lifted its holdings in shares of e.l.f. Beauty by 40.9% during the fourth quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company’s stock valued at $289,437,000 after purchasing an additional 669,321 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in shares of e.l.f. Beauty by 17.5% during the fourth quarter. Clearbridge Investments LLC now owns 1,772,528 shares of the company’s stock valued at $222,541,000 after purchasing an additional 264,296 shares in the last quarter. 92.44% of the stock is owned by institutional investors.

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.