e.l.f. Beauty, Inc. (NYSE:ELF) SVP Joshua Allen Franks Sells 12,684 Shares of Stock

e.l.f. Beauty, Inc. (NYSE:ELF) SVP Joshua Allen Franks sold 12,684 shares of e.l.f. Beauty stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $134.61, for a total transaction of $1,707,393.24. Following the completion of the transaction, the senior vice president now owns 95,822 shares of the company’s stock, valued at approximately $12,898,599.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

e.l.f. Beauty Stock Down 0.5 %

ELF stock opened at $135.39 on Tuesday. The company has a fifty day moving average price of $123.32 and a 200 day moving average price of $101.97. e.l.f. Beauty, Inc. has a 12 month low of $36.77 and a 12 month high of $139.85. The company has a market cap of $7.37 billion, a price-to-earnings ratio of 76.49, a price-to-earnings-growth ratio of 3.31 and a beta of 1.49. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.38 and a quick ratio of 2.48.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Tuesday, August 1st. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.49 by $0.51. e.l.f. Beauty had a net margin of 14.87% and a return on equity of 26.43%. The firm had revenue of $216.34 million during the quarter, compared to the consensus estimate of $184.92 million. Sell-side analysts expect that e.l.f. Beauty, Inc. will post 1.92 earnings per share for the current year.

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

Institutional investors have recently bought and sold shares of the company. Prime Capital Investment Advisors LLC acquired a new position in e.l.f. Beauty in the 1st quarter valued at $420,000. Virtu Financial LLC acquired a new position in shares of e.l.f. Beauty during the 1st quarter worth $220,000. PDT Partners LLC grew its stake in shares of e.l.f. Beauty by 18.8% during the 4th quarter. PDT Partners LLC now owns 59,421 shares of the company’s stock worth $3,286,000 after purchasing an additional 9,384 shares during the period. American International Group Inc. grew its stake in shares of e.l.f. Beauty by 0.7% during the 4th quarter. American International Group Inc. now owns 26,806 shares of the company’s stock worth $1,482,000 after purchasing an additional 183 shares during the period. Finally, Natixis Advisors L.P. grew its stake in shares of e.l.f. Beauty by 19.0% during the 1st quarter. Natixis Advisors L.P. now owns 14,789 shares of the company’s stock worth $1,218,000 after purchasing an additional 2,358 shares during the period. 92.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ELF has been the subject of a number of research reports. DA Davidson lifted their price objective on shares of e.l.f. Beauty from $163.00 to $176.00 and gave the company a “buy” rating in a report on Thursday, September 7th. StockNews.com started coverage on shares of e.l.f. Beauty in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Morgan Stanley lifted their price target on shares of e.l.f. Beauty from $118.00 to $162.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 2nd. Piper Sandler boosted their price objective on shares of e.l.f. Beauty from $105.00 to $114.00 in a research report on Thursday, May 25th. Finally, Bank of America boosted their price objective on shares of e.l.f. Beauty from $155.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, August 30th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, e.l.f. Beauty currently has an average rating of “Moderate Buy” and a consensus target price of $125.18.

e.l.f. Beauty Company Profile

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.