Insider Selling: e.l.f. Beauty (NYSE:ELF) Insider Sells 4,352 Shares of Stock

e.l.f. Beauty (NYSE:ELF) insider Jennifer Catherine Hartnett sold 4,352 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $51.53, for a total value of $224,258.56. Following the transaction, the insider owned 54,056 shares in the company, valued at approximately $2,785,505.68. The trade was a 7.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, June 4th, Jennifer Catherine Hartnett sold 10,318 shares of e.l.f. Beauty stock. The stock was sold at an average price of $51.94, for a total value of $535,916.92.
• On Monday, April 27th, Jennifer Catherine Hartnett sold 20,829 shares of e.l.f. Beauty stock. The stock was sold at an average price of $63.66, for a total value of $1,325,974.14.

e.l.f. Beauty Trading Up 4.5%

ELF traded up $2.64 on Thursday, hitting $60.76. 3,784,136 shares of the company were exchanged, compared to its average volume of 2,805,131. The firm has a fifty day simple moving average of $59.46 and a two-hundred day simple moving average of $73.00. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.69 and a current ratio of 2.35. e.l.f. Beauty has a 12 month low of $48.82 and a 12 month high of $150.99. The stock has a market capitalization of $3.61 billion, a PE ratio of 132.09, a price-to-earnings-growth ratio of 2.29 and a beta of 1.63.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Wednesday, May 20th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.03. e.l.f. Beauty had a return on equity of 11.02% and a net margin of 1.61%.The business had revenue of $449.29 million for the quarter, compared to analyst estimates of $423.06 million. During the same period last year, the company earned $0.78 EPS. e.l.f. Beauty’s revenue for the quarter was up 35.1% compared to the same quarter last year. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. Sell-side analysts expect that e.l.f. Beauty will post 2.41 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. dropped their price objective on e.l.f. Beauty from $85.00 to $80.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Morgan Stanley dropped 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 report on Thursday, May 21st. Raymond James Financial reiterated a “strong-buy” rating and issued a $85.00 price objective on shares of e.l.f. Beauty in a report on Thursday, May 21st. Evercore assumed coverage on e.l.f. Beauty in a report on Thursday, April 2nd. They issued an “inline” rating and a $68.00 price objective for the company. Finally, UBS Group set a $80.00 price objective on e.l.f. Beauty in a report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $79.60.

Institutional Investors Weigh In On e.l.f. Beauty

Several hedge funds have recently made changes to their positions in ELF. Migdal Insurance & Financial Holdings Ltd. purchased a new position in e.l.f. Beauty during the fourth quarter valued at $26,000. Hilton Head Capital Partners LLC purchased a new position in e.l.f. Beauty during the fourth quarter valued at $32,000. EverSource Wealth Advisors LLC raised 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 valued at $32,000 after buying an additional 128 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised 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 valued at $39,000 after buying an additional 117 shares during the last quarter. Finally, Arax Advisory Partners purchased a new position in e.l.f. Beauty during the fourth quarter valued at $41,000. 92.44% of the stock is currently owned by institutional investors.

About e.l.f. Beauty

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.