Insider Selling: e.l.f. Beauty, Inc. (NYSE:ELF) SVP Sells 1,496 Shares of Stock

e.l.f. Beauty, Inc. (NYSE:ELF) SVP Joshua Allen Franks sold 1,496 shares of the firm’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $117.61, for a total transaction of $175,944.56. Following the transaction, the senior vice president now directly owns 120,471 shares of the company’s stock, valued at $14,168,594.31. The trade was a 1.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Wednesday, June 4th, Joshua Allen Franks sold 11,860 shares of e.l.f. Beauty stock. The shares were sold at an average price of $115.56, for a total transaction of $1,370,541.60.
• 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 Stock Up 5.7%

Shares of NYSE ELF opened at $124.67 on Thursday. The stock has a market capitalization of $7.02 billion, a P/E ratio of 73.77, a P/E/G ratio of 6.76 and a beta of 1.52. The company has a 50-day moving average price of $76.00 and a 200-day moving average price of $91.59. e.l.f. Beauty, Inc. has a 1 year low of $49.40 and a 1 year high of $219.77. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Wednesday, May 28th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. The firm had revenue of $332.65 million during the quarter, compared to analysts’ expectations of $327.45 million. e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. The business’s revenue was up 3.6% on a year-over-year basis. During the same period last year, the company earned $0.53 earnings per share. On average, equities research analysts forecast that e.l.f. Beauty, Inc. will post 2.38 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Principal Financial Group Inc. grew its holdings in shares of e.l.f. Beauty by 149.8% during the fourth quarter. Principal Financial Group Inc. now owns 328,557 shares of the company’s stock valued at $41,250,000 after buying an additional 197,028 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in e.l.f. Beauty by 441.0% during the fourth quarter. Global Retirement Partners LLC now owns 8,283 shares of the company’s stock worth $1,040,000 after purchasing an additional 6,752 shares during the last quarter. Mitchell Capital Management Co. purchased a new position in e.l.f. Beauty during the fourth quarter worth about $2,655,000. Baillie Gifford & Co. boosted its holdings in e.l.f. Beauty by 51.0% during the fourth quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company’s stock worth $1,005,584,000 after purchasing an additional 2,703,742 shares during the last quarter. Finally, Granahan Investment Management LLC purchased a new position in e.l.f. Beauty during the fourth quarter worth about $9,671,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ELF shares. Piper Sandler reaffirmed an “overweight” rating and set a $109.00 price target (up previously from $81.00) on shares of e.l.f. Beauty in a research note on Thursday, May 29th. Canaccord Genuity Group set a $114.00 target price on shares of e.l.f. Beauty in a research note on Thursday, May 29th. DA Davidson lowered their target price on shares of e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. Robert W. Baird lifted their target price on shares of e.l.f. Beauty from $110.00 to $145.00 and gave the stock an “outperform” rating in a research note on Friday, June 6th. Finally, 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 research note on Friday, February 21st. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, e.l.f. Beauty presently has an average rating of “Moderate Buy” and an average target price of $120.71.

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.