e.l.f. Beauty, Inc. (NYSE:ELF) SVP Sells $2,740,196.08 in Stock

e.l.f. Beauty, Inc. (NYSE:ELF - Get Free Report) SVP Joshua Allen Franks sold 51,353 shares of the firm's stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $53.36, for a total transaction of $2,740,196.08. Following the sale, the senior vice president now owns 114,660 shares in the company, valued at approximately $6,118,257.60. This trade represents a 30.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

e.l.f. Beauty Stock Performance

e.l.f. Beauty stock traded up $0.60 during mid-day trading on Friday, hitting $61.26. 1,192,717 shares of the company's stock traded hands, compared to its average volume of 2,346,582. The company has a market cap of $3.45 billion, a PE ratio of 36.30, a price-to-earnings-growth ratio of 6.76 and a beta of 1.41. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. e.l.f. Beauty, Inc. has a one year low of $49.40 and a one year high of $219.77. The firm has a 50 day moving average price of $62.63 and a 200 day moving average price of $97.90.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. On average, equities analysts forecast that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. UBS Group cut their price target on shares of e.l.f. Beauty from $74.00 to $59.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. JPMorgan Chase & Co. decreased their target price on e.l.f. Beauty from $127.00 to $70.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Stifel Nicolaus reduced their price target on shares of e.l.f. Beauty from $115.00 to $105.00 and set a "hold" rating on the stock in a research report on Monday, February 3rd. Raymond James reduced their target price on shares of e.l.f. Beauty from $120.00 to $85.00 and set a "strong-buy" rating on the stock in a report on Thursday, April 17th. Finally, Morgan Stanley reissued an "equal weight" rating and issued a $70.00 price objective (down from $153.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $117.41.

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

Several hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. grew its holdings in e.l.f. Beauty by 149.8% during the fourth quarter. Principal Financial Group Inc. now owns 328,557 shares of the company's stock worth $41,250,000 after acquiring an additional 197,028 shares during the period. Global Retirement Partners LLC grew its stake in shares of e.l.f. Beauty by 441.0% in the 4th quarter. Global Retirement Partners LLC now owns 8,283 shares of the company's stock worth $1,040,000 after purchasing an additional 6,752 shares during the last quarter. Robbins Farley raised its holdings in shares of e.l.f. Beauty by 27.1% in the 4th quarter. Robbins Farley now owns 34,396 shares of the company's stock worth $4,318,000 after purchasing an additional 7,335 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of e.l.f. Beauty by 43.4% in the 4th quarter. Pacer Advisors Inc. now owns 11,802 shares of the company's stock worth $1,482,000 after purchasing an additional 3,572 shares in the last quarter. Finally, Ibex Wealth Advisors acquired a new stake in e.l.f. Beauty during the fourth quarter valued at approximately $5,519,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

e.l.f. Beauty Company 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.