Joshua Allen Franks Sells 29,388 Shares of e.l.f. Beauty, Inc. (NYSE:ELF) Stock

e.l.f. Beauty, Inc. (NYSE:ELF) SVP Joshua Allen Franks sold 29,388 shares of the stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $166.40, for a total transaction of $4,890,163.20. Following the completion of the transaction, the senior vice president now directly owns 108,748 shares of the company’s stock, valued at approximately $18,095,667.20. The sale 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 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 value of $120,071.32.

e.l.f. Beauty Stock Performance

Shares of ELF stock traded down $10.78 on Friday, hitting $156.73. The company had a trading volume of 2,661,299 shares, compared to its average volume of 1,564,087. The firm has a market cap of $8.70 billion, a P/E ratio of 69.59, a price-to-earnings-growth ratio of 1.54 and a beta of 1.57. e.l.f. Beauty, Inc. has a twelve month low of $83.80 and a twelve month high of $221.83. The company has a 50-day moving average price of $186.62 and a 200-day moving average price of $148.57. The company has a quick ratio of 0.83, a current ratio of 1.50 and a debt-to-equity ratio of 0.27.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.11. e.l.f. Beauty had a net margin of 14.53% and a return on equity of 28.98%. The business had revenue of $270.94 million during the quarter, compared to the consensus estimate of $239.66 million. As a group, equities research analysts predict that e.l.f. Beauty, Inc. will post 2.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ELF. StockNews.com lowered shares of e.l.f. Beauty from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. Raymond James raised their price target on e.l.f. Beauty from $140.00 to $180.00 and gave the stock a “strong-buy” rating in a research note on Monday, January 22nd. Bank of America upped their price objective on 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. Stifel Nicolaus lifted their target price on 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. Finally, TD Cowen upgraded shares of e.l.f. Beauty from a “hold” rating to a “buy” rating and cut their price target for the stock from $220.00 to $190.00 in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $184.33.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dark Forest Capital Management LP purchased a new stake in shares of e.l.f. Beauty during the first quarter worth about $27,000. Point72 Middle East FZE acquired a new stake in e.l.f. Beauty in the 4th quarter worth about $28,000. Householder Group Estate & Retirement Specialist LLC purchased a new stake in e.l.f. Beauty during the 3rd quarter worth approximately $29,000. Armstrong Advisory Group Inc. raised its holdings in shares of e.l.f. Beauty by 390.2% during the fourth quarter. Armstrong Advisory Group Inc. now owns 201 shares of the company’s stock valued at $29,000 after acquiring an additional 160 shares during the last quarter. Finally, Harbor Investment Advisory LLC purchased a new position in shares of e.l.f. Beauty in the first quarter valued at approximately $31,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

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.