Key Points
- e.l.f. Beauty SVP Joshua Franks sold 5,512 shares at an average of $110, generating $606,320 and reducing his direct ownership by 3.82% to 138,797 shares.
- The company reported strong quarterly results, with adjusted earnings of $1.75 per share and revenue of $479.37 million, up 35.5% year over year and above analyst expectations.
- Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating, although the $92.12 average price target is below the stock’s recent trading level; institutional investors own 92.44% of shares.
e.l.f. Beauty (NYSE:ELF - Get Free Report) SVP Joshua Franks sold 5,512 shares of the firm's stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $110.00, for a total transaction of $606,320.00. Following the completion of the transaction, the senior vice president directly owned 138,797 shares of the company's stock, valued at approximately $15,267,670. This trade represents a 3.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Joshua Allen Franks also recently made the following trade(s):
- On Wednesday, August 19th, Joshua Franks sold 5,718 shares of e.l.f. Beauty stock. The stock was sold at an average price of $100.00, for a total transaction of $571,800.00.
- On Tuesday, June 9th, Joshua Franks sold 3,505 shares of e.l.f. Beauty stock. The shares were sold at an average price of $51.53, for a total transaction of $180,612.65.
e.l.f. Beauty Price Performance
ELF stock opened at $107.30 on Friday. e.l.f. Beauty has a 52 week low of $48.82 and a 52 week high of $150.99. The company has a quick ratio of 1.82, a current ratio of 2.55 and a debt-to-equity ratio of 0.69. The company has a fifty day simple moving average of $87.09 and a two-hundred day simple moving average of $73.85. The firm has a market capitalization of $6.33 billion, a P/E ratio of 107.30, a price-to-earnings-growth ratio of 3.34 and a beta of 1.60.
e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.75 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $1.04. e.l.f. Beauty had a net margin of 3.38% and a return on equity of 14.07%. The business had revenue of $479.37 million during the quarter, compared to analysts' expectations of $431.20 million. During the same period last year, the company posted $0.89 EPS. The business's revenue was up 35.5% on a year-over-year basis. e.l.f. Beauty has set its FY 2027 guidance at 3.500-3.550 EPS. Analysts anticipate that e.l.f. Beauty will post 2.64 earnings per share for the current fiscal year.
Institutional Investors Weigh In On e.l.f. Beauty
Several hedge funds and other institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC boosted its holdings in e.l.f. Beauty by 97.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company's stock valued at $32,000 after acquiring an additional 128 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in e.l.f. Beauty by 58.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company's stock valued at $39,000 after acquiring an additional 117 shares during the last quarter. Hilton Head Capital Partners LLC purchased a new stake in e.l.f. Beauty in the fourth quarter worth $32,000. Continuum Advisory LLC purchased a new stake in e.l.f. Beauty in the second quarter worth $31,000. Finally, Johnson Financial Group Inc. bought a new stake in shares of e.l.f. Beauty during the third quarter worth $64,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
ELF has been the topic of several analyst reports. Morgan Stanley reduced their price objective on e.l.f. Beauty from $67.00 to $59.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 21st. Canaccord Genuity Group raised their price objective on e.l.f. Beauty from $110.00 to $123.00 and gave the company a "buy" rating in a research note on Thursday, August 27th. Sanford C. Bernstein lifted their target price on e.l.f. Beauty from $113.00 to $121.00 and gave the stock an "outperform" rating in a report on Thursday, August 6th. Piper Sandler boosted their target price on e.l.f. Beauty from $50.00 to $65.00 and gave the company a "neutral" rating in a research report on Thursday, August 6th. Finally, Robert W. Baird set a $105.00 target price on e.l.f. Beauty in a research report on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $92.12.
View Our Latest Research Report on ELF
e.l.f. Beauty Company Profile
(
Get Free Report)
e.l.f. Beauty (NYSE: ELF) is an American cosmetics company known for offering an extensive range of affordable, trend-driven makeup and skincare products. The company's portfolio spans foundations, lipsticks, mascaras, brushes, serums, masks and other beauty essentials, all positioned at accessible price points. e.l.f. Beauty maintains a direct-to-consumer platform through its e-commerce site and engages in widespread retail partnerships with major chains such as Target, Walmart, Ulta Beauty and Amazon.
Founded in 2004 and headquartered in Oakland, California, e.l.f.
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