e.l.f. Beauty (NYSE:ELF) Insider Sells $535,916.92 in Stock

e.l.f. Beauty (NYSE:ELF) insider Jennifer Catherine Hartnett sold 10,318 shares of the stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $51.94, for a total value of $535,916.92. Following the completion of the transaction, the insider directly owned 58,408 shares of the company’s stock, valued at $3,033,711.52. This trade represents a 15.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Jennifer Catherine Hartnett also recently made the following trade(s):

• On Monday, April 27th, Jennifer Catherine Hartnett sold 20,829 shares of e.l.f. Beauty stock. The shares were sold at an average price of $63.66, for a total value of $1,325,974.14.

e.l.f. Beauty Price Performance

NYSE ELF traded down $1.77 on Friday, reaching $49.67. 5,610,863 shares of the stock traded hands, compared to its average volume of 2,734,654. The firm’s fifty day simple moving average is $60.27 and its 200 day simple moving average is $73.49. The company has a quick ratio of 1.69, a current ratio of 2.35 and a debt-to-equity ratio of 0.72. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 107.97, a P/E/G ratio of 2.12 and a beta of 1.63. e.l.f. Beauty has a 12 month low of $48.82 and a 12 month high of $150.99.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Wednesday, May 20th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. The firm had revenue of $449.29 million during the quarter, compared to analyst estimates of $423.06 million. e.l.f. Beauty had a return on equity of 11.02% and a net margin of 1.61%.The firm’s quarterly revenue was up 35.1% on a year-over-year basis. During the same period last year, the company posted $0.78 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. As a group, research analysts predict that e.l.f. Beauty will post 2.44 EPS for the current fiscal year.

Institutional Trading of e.l.f. Beauty

A number of hedge funds have recently modified their holdings of ELF. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of e.l.f. Beauty in the fourth quarter valued at $26,000. Hilton Head Capital Partners LLC purchased a new stake in shares of e.l.f. Beauty in the fourth quarter valued at $32,000. EverSource Wealth Advisors LLC lifted its holdings in shares of e.l.f. Beauty by 97.0% in the second quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock valued at $32,000 after purchasing an additional 128 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of e.l.f. Beauty by 58.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock valued at $39,000 after purchasing an additional 117 shares in the last quarter. Finally, Arax Advisory Partners purchased a new stake in shares of e.l.f. Beauty in the fourth quarter valued at $41,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on ELF. Canaccord Genuity Group cut their price objective on e.l.f. Beauty from $100.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. JPMorgan Chase & Co. cut their price objective on e.l.f. Beauty from $85.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday, May 21st. Piper Sandler cut their price objective on e.l.f. Beauty from $60.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, May 21st. Evercore began coverage on e.l.f. Beauty in a research report on Thursday, April 2nd. They set an “inline” rating and a $68.00 price objective for the company. Finally, Morgan Stanley cut their price objective on e.l.f. Beauty from $67.00 to $59.00 and set an “equal weight” rating for the company in a research report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.75.

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.