Insider Selling: e.l.f. Beauty, Inc. (NYSE:ELF) SVP Sells 6,823 Shares of Stock
e.l.f. Beauty, Inc. (NYSE:ELF – Get Rating) SVP Joshua Allen Franks sold 6,823 shares of the business’s stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $26.48, for a total transaction of $180,673.04. Following the completion of the sale, the senior vice president now owns 126,749 shares of the company’s stock, valued at $3,356,313.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
NYSE:ELF traded up $1.34 during mid-day trading on Tuesday, hitting $27.63. The company had a trading volume of 790,424 shares, compared to its average volume of 487,602. The business has a fifty day simple moving average of $24.53 and a 200-day simple moving average of $27.14. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 64.12 and a beta of 1.90. e.l.f. Beauty, Inc. has a 1 year low of $20.49 and a 1 year high of $33.63. The company has a current ratio of 2.97, a quick ratio of 1.67 and a debt-to-equity ratio of 0.29.
e.l.f. Beauty (NYSE:ELF – Get Rating) last posted its earnings results on Wednesday, May 25th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.07. The business had revenue of $105.14 million during the quarter, compared to analyst estimates of $91.22 million. e.l.f. Beauty had a return on equity of 9.70% and a net margin of 5.55%. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.10 earnings per share. As a group, research analysts anticipate that e.l.f. Beauty, Inc. will post 0.54 earnings per share for the current year.
A number of large investors have recently modified their holdings of the business. Morgan Stanley raised its stake in shares of e.l.f. Beauty by 32.3% during the second quarter. Morgan Stanley now owns 727,205 shares of the company’s stock valued at $19,736,000 after purchasing an additional 177,725 shares during the period. Alliancebernstein L.P. grew its holdings in e.l.f. Beauty by 42.6% during the 3rd quarter. Alliancebernstein L.P. now owns 67,790 shares of the company’s stock valued at $1,969,000 after purchasing an additional 20,248 shares in the last quarter. Citigroup Inc. increased its stake in e.l.f. Beauty by 23.7% during the 3rd quarter. Citigroup Inc. now owns 26,617 shares of the company’s stock worth $773,000 after buying an additional 5,104 shares during the period. Goldman Sachs Group Inc. lifted its holdings in e.l.f. Beauty by 231.8% in the 3rd quarter. Goldman Sachs Group Inc. now owns 112,567 shares of the company’s stock worth $3,270,000 after buying an additional 78,643 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in e.l.f. Beauty by 6.9% in the 3rd quarter. Geode Capital Management LLC now owns 724,818 shares of the company’s stock valued at $21,055,000 after buying an additional 46,552 shares during the last quarter. 90.95% of the stock is owned by institutional investors.
A number of brokerages have weighed in on ELF. Raymond James decreased their price target on shares of e.l.f. Beauty from $33.00 to $27.00 in a report on Thursday, May 26th. JPMorgan Chase & Co. reduced their target price on e.l.f. Beauty from $38.00 to $31.00 and set an “overweight” rating on the stock in a report on Wednesday, March 30th. DA Davidson boosted their price target on e.l.f. Beauty from $41.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, May 26th. StockNews.com assumed coverage on e.l.f. Beauty in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Piper Sandler decreased their target price on e.l.f. Beauty from $29.00 to $24.00 in a report on Thursday, May 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, e.l.f. Beauty has an average rating of “Buy” and an average price target of $33.00.
About e.l.f. Beauty (Get Rating)
e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f., W3LL PEOPLE, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, 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.
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