Joshua Allen Franks Sells 12,506 Shares of e.l.f. Beauty, Inc. (NYSE:ELF) Stock

e.l.f. Beauty, Inc. (NYSE:ELF) SVP Joshua Allen Franks sold 12,506 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was 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 directly owns 86,237 shares of the company’s stock, valued at approximately $14,875,882.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

e.l.f. Beauty Price Performance

ELF stock opened at $179.56 on Friday. The company has a current ratio of 1.50, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27. e.l.f. Beauty, Inc. has a one year low of $83.80 and a one year high of $221.83. The firm has a market capitalization of $9.97 billion, a PE ratio of 79.45, a P/E/G ratio of 1.66 and a beta of 1.57. The firm has a 50-day moving average of $186.57 and a two-hundred day moving average of $151.51.

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

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

A number of large investors have recently made changes to their positions in ELF. IFP Advisors Inc increased its holdings in shares of e.l.f. Beauty by 98.1% in the 3rd quarter. IFP Advisors Inc now owns 626 shares of the company’s stock valued at $69,000 after purchasing an additional 310 shares during the period. State of Alaska Department of Revenue increased its holdings in e.l.f. Beauty by 1.8% in the third quarter. State of Alaska Department of Revenue now owns 33,908 shares of the company’s stock worth $3,724,000 after buying an additional 594 shares during the last quarter. Private Trust Co. NA increased its holdings in e.l.f. Beauty by 75.5% in the third quarter. Private Trust Co. NA now owns 437 shares of the company’s stock worth $48,000 after buying an additional 188 shares during the last quarter. Cavalier Investments LLC increased its holdings in e.l.f. Beauty by 3.6% in the third quarter. Cavalier Investments LLC now owns 9,840 shares of the company’s stock worth $1,081,000 after buying an additional 345 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in e.l.f. Beauty by 40.3% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 16,467 shares of the company’s stock worth $1,809,000 after buying an additional 4,731 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analysts Set New Price Targets

ELF has been the subject of a number of recent analyst reports. Raymond James increased their target price on shares of e.l.f. Beauty from $140.00 to $180.00 and gave the company a “strong-buy” rating in a research report on Monday, January 22nd. TD Cowen upgraded shares of e.l.f. Beauty from a “hold” rating to a “buy” rating and decreased their target price for the company from $220.00 to $190.00 in a research report on Wednesday, April 17th. Stifel Nicolaus increased their target price 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. Bank of America increased their target price 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. Finally, DA Davidson reiterated a “buy” rating and issued a $220.00 target price on shares of e.l.f. Beauty in a research report on Monday, April 8th. 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 given a strong buy rating to the company. Based on data from MarketBeat.com, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and a consensus target price of $184.33.

About e.l.f. Beauty

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.