e.l.f. Beauty (NYSE:ELF – Get Free Report) SVP Joshua Allen Franks sold 3,505 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $51.53, for a total value of $180,612.65. Following the completion of the transaction, the senior vice president owned 150,027 shares of the company’s stock, valued at $7,730,891.31. This trade represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Joshua Allen Franks also recently made the following trade(s):
- On Thursday, June 4th, Joshua Allen Franks sold 6,854 shares of e.l.f. Beauty stock. The stock was sold at an average price of $51.94, for a total value of $355,996.76.
- On Monday, April 27th, Joshua Allen Franks sold 23,535 shares of e.l.f. Beauty stock. The shares were sold at an average price of $63.66, for a total value of $1,498,238.10.
e.l.f. Beauty Price Performance
Shares of NYSE:ELF opened at $61.40 on Friday. The company has a market cap of $3.65 billion, a P/E ratio of 133.47, a P/E/G ratio of 2.51 and a beta of 1.63. The business has a fifty day simple moving average of $59.44 and a 200-day simple moving average of $72.85. 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 1.69, a current ratio of 2.35 and a debt-to-equity ratio of 0.72.
Institutional Trading of e.l.f. Beauty
Institutional investors have recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in e.l.f. Beauty during the 4th quarter worth approximately $26,000. Hilton Head Capital Partners LLC acquired a new position in e.l.f. Beauty during the fourth quarter valued at approximately $32,000. EverSource Wealth Advisors LLC grew its stake in e.l.f. Beauty by 97.0% during the second quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock worth $32,000 after buying an additional 128 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in e.l.f. Beauty by 58.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock worth $39,000 after buying an additional 117 shares during the period. Finally, Arax Advisory Partners acquired a new stake in shares of e.l.f. Beauty in the fourth quarter worth $41,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on ELF shares. Raymond James Financial reissued a “strong-buy” rating and issued a $85.00 target price on shares of e.l.f. Beauty in a research report on Thursday, May 21st. Weiss Ratings lowered shares of e.l.f. Beauty from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, June 4th. Jefferies Financial Group cut their price target on shares of e.l.f. Beauty from $85.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Citigroup decreased their price target on shares of e.l.f. Beauty from $115.00 to $87.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Finally, Evercore began coverage on e.l.f. Beauty in a report on Thursday, April 2nd. They set an “inline” rating and a $68.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.38.
Check Out Our Latest Research Report on ELF
Key e.l.f. Beauty News
Here are the key news stories impacting e.l.f. Beauty this week:
- Positive Sentiment: Options activity was unusually bullish, with call buying running about 50% above average, suggesting some traders are positioning for an upside move in e.l.f. Beauty. Source article
- Positive Sentiment: A bullish thesis highlighted by outside commentators argues that ELF may be attractive at recent prices, pointing to a potential rebound after the stock’s pullback. Article link
- Neutral Sentiment: Analyst coverage remains mixed but constructive overall, with a consensus rating of Moderate Buy and a consensus target price above the current share level, though several firms have recently cut targets. Article link
- Neutral Sentiment: Multiple executives and insiders sold shares at about $51.53, including CEO Tarang Amin and several senior leaders. The transactions were disclosed in SEC filings and may reflect routine selling, but they still add caution around near-term sentiment. SEC filing
- Negative Sentiment: The broad cluster of insider sales could weigh on e.l.f. Beauty stock, as investors may view repeated trimming by top executives as a sign of limited near-term upside or caution about the business outlook. SEC filing
e.l.f. Beauty Company Profile
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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