e.l.f. Beauty (NYSE:ELF) SVP Sells $606,320.00 in Stock

e.l.f. Beauty (NYSE:ELF) SVP Joshua Franks sold 5,512 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $110.00, for a total transaction of $606,320.00. Following the completion of the transaction, the senior vice president owned 138,797 shares in the company, valued at approximately $15,267,670. This represents a 3.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, August 19th, Joshua Franks sold 5,718 shares of e.l.f. Beauty stock. The shares were sold at an average price of $100.00, for a total value of $571,800.00.
• On Tuesday, June 9th, Joshua Franks sold 3,505 shares of e.l.f. Beauty stock. The stock was sold at an average price of $51.53, for a total value of $180,612.65.

e.l.f. Beauty Trading Up 2.0%

Shares of NYSE ELF opened at $109.58 on Friday. The company has a current ratio of 2.55, a quick ratio of 1.82 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $6.47 billion, a PE ratio of 109.58, a PEG ratio of 3.41 and a beta of 1.60. e.l.f. Beauty has a twelve month low of $48.82 and a twelve month high of $150.99. The stock has a fifty day simple moving average of $87.94 and a 200-day simple moving average of $74.10.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Wednesday, August 5th. The company reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $1.04. The company had revenue of $479.37 million during the quarter, compared to analysts’ expectations of $431.20 million. e.l.f. Beauty had a return on equity of 14.07% and a net margin of 3.38%.e.l.f. Beauty’s revenue for the quarter was up 35.5% on a year-over-year basis. During the same period last year, the business posted $0.89 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. On average, equities analysts forecast that e.l.f. Beauty will post 2.64 earnings per share for the current year.

Institutional Investors Weigh In On e.l.f. Beauty

Several institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in e.l.f. Beauty during the second quarter worth approximately $428,262,000. California State Teachers Retirement System boosted its holdings in shares of e.l.f. Beauty by 7,535.2% in the 2nd quarter. California State Teachers Retirement System now owns 5,073,366 shares of the company’s stock valued at $375,429,000 after buying an additional 5,006,919 shares in the last quarter. Primecap Management Co. CA purchased a new position in shares of e.l.f. Beauty in the 2nd quarter valued at $78,202,000. BNP Paribas Financial Markets grew its position in shares of e.l.f. Beauty by 3,131.7% in the 4th quarter. BNP Paribas Financial Markets now owns 924,902 shares of the company’s stock valued at $70,330,000 after buying an additional 896,282 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in e.l.f. Beauty by 47.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,197,319 shares of the company’s stock worth $167,086,000 after acquiring an additional 711,540 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Sanford C. Bernstein raised their price target on shares of e.l.f. Beauty from $113.00 to $121.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Piper Sandler upped their price objective on e.l.f. Beauty from $50.00 to $65.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. B. Riley Financial increased their price objective on e.l.f. Beauty from $70.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Weiss Ratings raised e.l.f. Beauty from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $64.00 price target on shares of e.l.f. Beauty in a report on Tuesday, June 16th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.12.

About e.l.f. Beauty

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.