Insider Selling: e.l.f. Beauty, Inc. (NYSE:ELF) SVP Sells 12,506 Shares of Stock

e.l.f. Beauty, Inc. (NYSE:ELF) SVP Joshua Allen Franks sold 12,506 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $172.50, for a total transaction of $2,157,285.00. Following the sale, the senior vice president now owns 86,237 shares in the company, valued at approximately $14,875,882.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, April 18th, Joshua Allen Franks sold 29,388 shares of e.l.f. Beauty stock. The stock was sold at an average price of $166.40, for a total value of $4,890,163.20.
• On Monday, April 15th, Joshua Allen Franks sold 727 shares of e.l.f. Beauty stock. The stock was sold at an average price of $165.16, for a total value of $120,071.32.

e.l.f. Beauty Price Performance

Shares of ELF opened at $175.95 on Friday. The company has a 50 day moving average of $186.46 and a 200-day moving average of $150.96. e.l.f. Beauty, Inc. has a twelve month low of $83.80 and a twelve month high of $221.83. 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 stock has a market capitalization of $9.77 billion, a P/E ratio of 77.85, a P/E/G ratio of 1.66 and a beta of 1.57.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Tuesday, February 6th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.47 by $0.11. The company had revenue of $270.94 million during the quarter, compared to the consensus estimate of $239.66 million. e.l.f. Beauty had a return on equity of 28.98% and a net margin of 14.53%. As a group, equities research analysts forecast that e.l.f. Beauty, Inc. will post 2.5 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on ELF. Piper Sandler boosted their target price on shares of e.l.f. Beauty from $225.00 to $228.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 9th. JPMorgan Chase & Co. raised their target price on e.l.f. Beauty from $130.00 to $175.00 and gave the company an “overweight” rating in a report on Thursday, January 18th. Robert W. Baird began coverage on e.l.f. Beauty in a report on Tuesday, January 30th. They issued a “neutral” rating and a $185.00 price target for the company. Raymond James upped their target price on e.l.f. Beauty from $140.00 to $180.00 and gave the company a “strong-buy” rating in a research note on Monday, January 22nd. Finally, TD Cowen upgraded shares of e.l.f. Beauty from a “hold” rating to a “buy” rating and decreased their price target for the stock from $220.00 to $190.00 in a research note on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $184.33.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ELF. FMR LLC boosted its stake in e.l.f. Beauty by 641.2% in the third quarter. FMR LLC now owns 832,404 shares of the company’s stock valued at $91,423,000 after buying an additional 720,098 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in e.l.f. Beauty by 0.3% during the 4th quarter. State of Alaska Department of Revenue now owns 33,993 shares of the company’s stock worth $4,906,000 after acquiring an additional 85 shares during the last quarter. First Dallas Securities Inc. acquired a new position in e.l.f. Beauty during the 3rd quarter worth about $3,569,000. Roman Butler Fullerton & Co. acquired a new position in shares of e.l.f. Beauty in the fourth quarter worth approximately $1,294,000. Finally, William Blair Investment Management LLC increased its position in shares of e.l.f. Beauty by 58.2% during the third quarter. William Blair Investment Management LLC now owns 1,424,268 shares of the company’s stock worth $156,427,000 after buying an additional 523,903 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

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.