e.l.f. Beauty, Inc. (NYSE:ELF) SVP Sells $120,071.32 in Stock

e.l.f. Beauty, Inc. (NYSE:ELF) SVP Joshua Allen Franks sold 727 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $165.16, for a total transaction of $120,071.32. Following the completion of the transaction, the senior vice president now owns 83,736 shares of the company’s stock, valued at $13,829,837.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

e.l.f. Beauty Price Performance

Shares of ELF stock traded up $0.58 during mid-day trading on Wednesday, hitting $166.26. The company had a trading volume of 1,728,187 shares, compared to its average volume of 1,540,140. e.l.f. Beauty, Inc. has a 52-week low of $83.80 and a 52-week high of $221.83. The stock’s 50 day moving average price is $186.67 and its 200-day moving average price is $148.31. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.50 and a quick ratio of 0.83. The company has a market capitalization of $9.23 billion, a P/E ratio of 73.41, a P/E/G ratio of 1.52 and a beta of 1.57.

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

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

A number of hedge funds have recently bought and sold shares of ELF. Advisor Group Holdings Inc. raised its stake in e.l.f. Beauty by 7.6% during the first quarter. Advisor Group Holdings Inc. now owns 6,765 shares of the company’s stock valued at $174,000 after purchasing an additional 476 shares in the last quarter. Bank of New York Mellon Corp raised its stake in e.l.f. Beauty by 1.1% during the first quarter. Bank of New York Mellon Corp now owns 428,775 shares of the company’s stock valued at $11,076,000 after purchasing an additional 4,476 shares in the last quarter. Citigroup Inc. raised its stake in e.l.f. Beauty by 12.4% during the first quarter. Citigroup Inc. now owns 41,711 shares of the company’s stock valued at $1,077,000 after purchasing an additional 4,617 shares in the last quarter. AlphaCrest Capital Management LLC bought a new position in e.l.f. Beauty during the first quarter valued at $342,000. Finally, MetLife Investment Management LLC increased its position in e.l.f. Beauty by 53.3% during the first quarter. MetLife Investment Management LLC now owns 26,424 shares of the company’s stock valued at $683,000 after acquiring an additional 9,189 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Wall Street Analysts Forecast Growth

ELF has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their price target on shares of e.l.f. Beauty from $141.00 to $167.00 and gave the stock a “hold” rating in a research report on Wednesday, February 7th. Morgan Stanley upped their price target on shares of e.l.f. Beauty from $168.00 to $184.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. TD Cowen upgraded shares of e.l.f. Beauty from a “hold” rating to a “buy” rating and dropped their price target for the stock from $220.00 to $190.00 in a research report on Wednesday. DA Davidson reiterated a “buy” rating and issued a $220.00 price target on shares of e.l.f. Beauty in a research report on Monday, April 8th. Finally, Robert W. Baird initiated coverage on shares of e.l.f. Beauty in a research report on Tuesday, January 30th. They issued a “neutral” rating and a $185.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to 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.