e.l.f. Beauty (NYSE:ELF) SVP Sells $873,048.90 in Stock

e.l.f. Beauty (NYSE:ELF) SVP Joshua Franks sold 7,926 shares of the business’s stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $110.15, for a total transaction of $873,048.90. Following the completion of the sale, the senior vice president directly owned 119,005 shares of the company’s stock, valued at approximately $13,108,400.75. This trade represents a 6.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, October 12th, Joshua Franks sold 8,366 shares of e.l.f. Beauty stock. The shares were sold at an average price of $110.01, for a total transaction of $920,343.66.
• On Tuesday, September 8th, Joshua Franks sold 200 shares of e.l.f. Beauty stock. The stock was sold at an average price of $110.00, for a total value of $22,000.00.
• On Tuesday, September 1st, Joshua Franks sold 5,512 shares of e.l.f. Beauty stock. The stock was sold at an average price of $110.00, for a total value of $606,320.00.
• On Wednesday, August 19th, Joshua Franks sold 5,718 shares of e.l.f. Beauty stock. The stock was sold at an average price of $100.00, for a total value of $571,800.00.

e.l.f. Beauty Stock Down 0.8%

e.l.f. Beauty stock opened at $113.78 on Thursday. e.l.f. Beauty has a fifty-two week low of $48.82 and a fifty-two week high of $132.37. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.82 and a current ratio of 2.55. The company has a market capitalization of $6.71 billion, a P/E ratio of 42.50, a PEG ratio of 3.23 and a beta of 1.61. The stock has a 50-day simple moving average of $103.18 and a 200-day simple moving average of $80.10.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Wednesday, August 5th. The company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $1.04. The firm 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%. The business’s revenue was up 35.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.89 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. Equities research analysts expect that e.l.f. Beauty will post 2.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ELF. The Goldman Sachs Group set a $100.00 price objective on shares of e.l.f. Beauty in a research report on Thursday, August 6th. B. Riley Financial restated a “buy” rating and issued a $115.00 price objective (up from $100.00) on shares of e.l.f. Beauty in a research note on Wednesday, September 16th. Robert W. Baird upped their target price on shares of e.l.f. Beauty from $105.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, October 7th. UBS Group reiterated a “neutral” rating and set a $116.00 target price on shares of e.l.f. Beauty in a research note on Thursday, October 15th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $105.00 target price on shares of e.l.f. Beauty in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and an average target price of $111.19.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Continuum Advisory LLC acquired a new stake in shares of e.l.f. Beauty during the second quarter worth $31,000. State of Wyoming purchased a new position in e.l.f. Beauty in the 2nd quarter valued at $40,000. EverSource Wealth Advisors LLC increased its stake in e.l.f. Beauty by 378.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 713 shares of the company’s stock valued at $43,000 after buying an additional 564 shares during the period. Integrated Wealth Concepts LLC acquired a new position in e.l.f. Beauty in the 2nd quarter valued at $56,000. Finally, Triumph Capital Management acquired a new position in e.l.f. Beauty in the 2nd quarter valued at $74,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

About e.l.f. Beauty

e.l.f. Beauty, Inc is a cosmetics and skincare company that develops, markets and sells beauty products under a portfolio of brands. Its offerings include makeup, skin care, hair care and other personal-care products designed to provide accessible, trend-focused beauty options across a range of categories.

The company’s portfolio includes e.l.f. Cosmetics, Well People, Keys Soulcare and Naturium. Its products are sold through mass retailers, specialty beauty stores, e-commerce platforms and the brands’ direct-to-consumer websites.