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

e.l.f. Beauty, Inc. (NYSE:ELF) SVP Joshua Allen Franks sold 727 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $165.16, for a total transaction of $120,071.32. Following the completion of the transaction, the senior vice president now owns 83,736 shares of the company’s stock, valued at $13,829,837.76. The sale was disclosed in a document filed with the SEC, which is available through this link.

e.l.f. Beauty Stock Performance

Shares of NYSE ELF opened at $167.57 on Friday. The firm’s 50-day moving average price is $186.62 and its 200-day moving average price is $148.57. The company has a quick ratio of 0.83, a current ratio of 1.50 and a debt-to-equity ratio of 0.27. The company has a market cap of $9.30 billion, a PE ratio of 74.15, a PEG ratio of 1.54 and a beta of 1.57. e.l.f. Beauty, Inc. has a 52-week low of $83.80 and a 52-week high of $221.83.

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

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

Several institutional investors have recently made changes to their positions in the business. State of Michigan Retirement System bought a new position in shares of e.l.f. Beauty in the 1st quarter worth approximately $2,666,000. Griffin Asset Management Inc. bought a new position in shares of e.l.f. Beauty in the 1st quarter worth approximately $345,000. WD Rutherford LLC lifted its stake in shares of e.l.f. Beauty by 10.7% in the 1st quarter. WD Rutherford LLC now owns 13,542 shares of the company’s stock worth $2,655,000 after purchasing an additional 1,312 shares during the period. Harbour Capital Advisors LLC bought a new position in shares of e.l.f. Beauty in the 1st quarter worth approximately $258,000. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of e.l.f. Beauty by 43.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,427 shares of the company’s stock worth $672,000 after purchasing an additional 1,031 shares during the period. Institutional investors own 92.44% of the company’s stock.

Analyst Ratings Changes

ELF has been the subject of several research reports. Truist Financial increased their price target on shares of e.l.f. Beauty from $150.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Robert W. Baird initiated coverage on shares of e.l.f. Beauty in a research report on Tuesday, January 30th. They set a “neutral” rating and a $185.00 price objective on the stock. Morgan Stanley increased their price objective on shares of e.l.f. Beauty from $168.00 to $184.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Stifel Nicolaus increased their price objective on shares of e.l.f. Beauty from $141.00 to $167.00 and gave the company a “hold” rating in a research report on Wednesday, February 7th. Finally, Bank of America increased their price objective on shares of e.l.f. Beauty from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $184.33.

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.