e.l.f. Beauty (NYSE:ELF – Get Free Report) SVP Joshua Allen Franks sold 3,505 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $51.53, for a total value of $180,612.65. Following the transaction, the senior vice president directly owned 150,027 shares in the company, valued at $7,730,891.31. This represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Joshua Allen Franks also recently made the following trade(s):
- On Thursday, June 4th, Joshua Allen Franks sold 6,854 shares of e.l.f. Beauty stock. The shares were sold at an average price of $51.94, for a total value of $355,996.76.
- On Monday, April 27th, Joshua Allen Franks sold 23,535 shares of e.l.f. Beauty stock. The shares were sold at an average price of $63.66, for a total value of $1,498,238.10.
e.l.f. Beauty Trading Up 1.2%
Shares of NYSE:ELF opened at $61.40 on Friday. The business’s 50-day moving average is $59.44 and its 200 day moving average is $72.85. e.l.f. Beauty has a 1 year low of $48.82 and a 1 year high of $150.99. The firm has a market capitalization of $3.65 billion, a P/E ratio of 133.47, a P/E/G ratio of 2.49 and a beta of 1.63. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.35 and a quick ratio of 1.69.
Key Headlines Impacting e.l.f. Beauty
Here are the key news stories impacting e.l.f. Beauty this week:
- Positive Sentiment: Options activity was unusually bullish, with call buying running about 50% above average, suggesting some traders are positioning for an upside move in e.l.f. Beauty. Source article
- Positive Sentiment: A bullish thesis highlighted by outside commentators argues that ELF may be attractive at recent prices, pointing to a potential rebound after the stock’s pullback. Article link
- Neutral Sentiment: Analyst coverage remains mixed but constructive overall, with a consensus rating of Moderate Buy and a consensus target price above the current share level, though several firms have recently cut targets. Article link
- Neutral Sentiment: Multiple executives and insiders sold shares at about $51.53, including CEO Tarang Amin and several senior leaders. The transactions were disclosed in SEC filings and may reflect routine selling, but they still add caution around near-term sentiment. SEC filing
- Negative Sentiment: The broad cluster of insider sales could weigh on e.l.f. Beauty stock, as investors may view repeated trimming by top executives as a sign of limited near-term upside or caution about the business outlook. SEC filing
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on ELF shares. B. Riley Financial reduced their target price on e.l.f. Beauty from $130.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, May 26th. Bank of America reduced their target price on e.l.f. Beauty from $93.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Piper Sandler reaffirmed a “neutral” rating on shares of e.l.f. Beauty in a research report on Friday. Canaccord Genuity Group dropped their price target on e.l.f. Beauty from $100.00 to $90.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Finally, Jefferies Financial Group dropped their price target on e.l.f. Beauty from $85.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $78.38.
Read Our Latest Analysis on e.l.f. Beauty
Institutional Trading of e.l.f. Beauty
Several large investors have recently added to or reduced their stakes in the company. Cim Investment Management Inc. purchased a new stake in e.l.f. Beauty during the 1st quarter valued at about $366,000. Bank of America Corp DE grew its stake in e.l.f. Beauty by 45.9% during the 1st quarter. Bank of America Corp DE now owns 418,431 shares of the company’s stock valued at $25,361,000 after purchasing an additional 131,572 shares during the last quarter. Edgestream Partners L.P. grew its stake in e.l.f. Beauty by 9.0% during the 1st quarter. Edgestream Partners L.P. now owns 19,727 shares of the company’s stock valued at $1,196,000 after purchasing an additional 1,621 shares during the last quarter. Centaurus Financial Inc. purchased a new stake in e.l.f. Beauty during the 1st quarter valued at about $315,000. Finally, Amundi purchased a new stake in e.l.f. Beauty during the 1st quarter valued at about $333,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.
e.l.f. Beauty Company Profile
e.l.f. Beauty (NYSE: ELF) is an American cosmetics company known for offering an extensive range of affordable, trend-driven makeup and skincare products. The company’s portfolio spans foundations, lipsticks, mascaras, brushes, serums, masks and other beauty essentials, all positioned at accessible price points. e.l.f. Beauty maintains a direct-to-consumer platform through its e-commerce site and engages in widespread retail partnerships with major chains such as Target, Walmart, Ulta Beauty and Amazon.
Founded in 2004 and headquartered in Oakland, California, e.l.f.
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