e.l.f. Beauty, Inc. (NYSE:ELF) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. trimmed its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 97.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,510 shares of the company's stock after selling 114,347 shares during the quarter. Franklin Resources Inc.'s holdings in e.l.f. Beauty were worth $290,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ELF. Van ECK Associates Corp raised its stake in shares of e.l.f. Beauty by 27.4% in the second quarter. Van ECK Associates Corp now owns 26,659 shares of the company's stock valued at $5,618,000 after acquiring an additional 5,734 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of e.l.f. Beauty by 58.1% during the second quarter. Farther Finance Advisors LLC now owns 2,100 shares of the company's stock worth $429,000 after buying an additional 772 shares in the last quarter. Natixis Advisors LLC increased its stake in shares of e.l.f. Beauty by 19.5% during the second quarter. Natixis Advisors LLC now owns 14,664 shares of the company's stock worth $3,090,000 after buying an additional 2,395 shares during the period. CIBC Asset Management Inc raised its holdings in e.l.f. Beauty by 9.7% in the second quarter. CIBC Asset Management Inc now owns 1,542 shares of the company's stock valued at $325,000 after acquiring an additional 136 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in e.l.f. Beauty by 2.4% in the second quarter. Arizona State Retirement System now owns 15,538 shares of the company's stock worth $3,274,000 after acquiring an additional 368 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at e.l.f. Beauty

In other news, Director Maureen C. Watson sold 785 shares of the company's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $130.00, for a total transaction of $102,050.00. Following the transaction, the director now directly owns 1,888 shares of the company's stock, valued at $245,440. This represents a 29.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Scott Milsten sold 530 shares of the firm's stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $72,928.00. Following the completion of the sale, the insider now owns 68,853 shares of the company's stock, valued at $9,474,172.80. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,205 shares of company stock worth $297,442. Company insiders own 3.50% of the company's stock.

e.l.f. Beauty Stock Performance

ELF stock traded down $2.56 during trading on Thursday, hitting $122.99. The company had a trading volume of 1,084,726 shares, compared to its average volume of 1,923,671. The firm has a 50-day moving average price of $125.05 and a 200-day moving average price of $143.48. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22. The firm has a market cap of $6.93 billion, a PE ratio of 66.48, a price-to-earnings-growth ratio of 3.03 and a beta of 1.49. e.l.f. Beauty, Inc. has a 1-year low of $98.50 and a 1-year high of $221.83.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.34. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The business had revenue of $301.10 million for the quarter, compared to analyst estimates of $289.43 million. During the same quarter in the previous year, the company posted $0.66 earnings per share. The company's revenue for the quarter was up 39.7% compared to the same quarter last year. On average, analysts expect that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ELF shares. JPMorgan Chase & Co. reduced their price objective on shares of e.l.f. Beauty from $167.00 to $154.00 and set an "overweight" rating on the stock in a report on Thursday, November 7th. Jefferies Financial Group cut their price target on e.l.f. Beauty from $220.00 to $175.00 and set a "buy" rating on the stock in a research note on Wednesday, October 30th. The Goldman Sachs Group initiated coverage on e.l.f. Beauty in a research report on Friday, December 13th. They set a "buy" rating and a $165.00 price objective for the company. B. Riley cut their target price on e.l.f. Beauty from $175.00 to $150.00 and set a "buy" rating on the stock in a research report on Thursday, November 7th. Finally, Truist Financial upped their price target on e.l.f. Beauty from $130.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, e.l.f. Beauty presently has a consensus rating of "Moderate Buy" and an average price target of $171.82.

e.l.f. Beauty Profile

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.