e.l.f. Beauty (NYSE:ELF) SVP Joshua Allen Franks Sells 3,505 Shares of Stock

e.l.f. Beauty (NYSE:ELF) SVP Joshua Allen Franks sold 3,505 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $51.53, for a total value of $180,612.65. Following the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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 stock was 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 stock was sold at an average price of $63.66, for a total value of $1,498,238.10.

e.l.f. Beauty Stock Up 4.5%

e.l.f. Beauty stock opened at $60.76 on Friday. e.l.f. Beauty has a twelve month low of $48.82 and a twelve month high of $150.99. The stock’s fifty day simple moving average is $59.46 and its 200-day simple moving average is $72.93. The company has a current ratio of 2.35, a quick ratio of 1.69 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $3.61 billion, a P/E ratio of 132.09, a P/E/G ratio of 2.39 and a beta of 1.63.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Wednesday, May 20th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. e.l.f. Beauty had a return on equity of 11.02% and a net margin of 1.61%.The business had revenue of $449.29 million for the quarter, compared to analyst estimates of $423.06 million. During the same quarter in the prior year, the company earned $0.78 earnings per share. The company’s revenue was up 35.1% on a year-over-year basis. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. As a group, equities analysts expect that e.l.f. Beauty will post 2.41 earnings per share for the current fiscal year.

Trending Headlines about e.l.f. Beauty

Here are the key news stories impacting e.l.f. Beauty this week:

• Positive Sentiment: Options traders were unusually active on the bullish side, with 15,457 call options bought on e.l.f. Beauty — about 50% above the average — suggesting some investors are positioning for upside. Source article
• Neutral Sentiment: Several executives sold shares on June 9 at $51.53, including CEO Tarang Amin, along with insiders Scott Milsten, Kory Marchisotto, Mandy J. Fields, Joshua Allen Franks, and Jennifer Catherine Hartnett. The sales were disclosed in SEC filings and appear to be routine insider transactions rather than a single company event. SEC filing
• Negative Sentiment: The breadth of insider selling could weigh on sentiment, since multiple top leaders and employees trimmed holdings at the same price, which may make investors cautious despite the company’s recent operational progress. SEC filing

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

Several large investors have recently bought and sold shares of the stock. Cim Investment Management Inc. acquired a new position in e.l.f. Beauty in the first quarter valued at $366,000. Bank of America Corp DE boosted its stake in e.l.f. Beauty by 45.9% in the first quarter. Bank of America Corp DE now owns 418,431 shares of the company’s stock valued at $25,361,000 after acquiring an additional 131,572 shares in the last quarter. Edgestream Partners L.P. boosted its stake in e.l.f. Beauty by 9.0% in the first quarter. Edgestream Partners L.P. now owns 19,727 shares of the company’s stock valued at $1,196,000 after acquiring an additional 1,621 shares in the last quarter. Centaurus Financial Inc. acquired a new position in e.l.f. Beauty in the first quarter valued at $315,000. Finally, Amundi acquired a new position in e.l.f. Beauty in the first quarter valued at $333,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ELF. JPMorgan Chase & Co. cut their price objective on e.l.f. Beauty from $85.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday, May 21st. Piper Sandler lowered their target price on shares of e.l.f. Beauty from $60.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday, May 21st. Sanford C. Bernstein set a $60.00 target price on shares of e.l.f. Beauty and gave the stock a “market perform” rating in a research note on Thursday. B. Riley Financial lowered their target price on shares of e.l.f. Beauty from $130.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, May 26th. Finally, Citigroup lowered their target price on shares of e.l.f. Beauty from $115.00 to $87.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.38.

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.