e.l.f. Beauty (NYSE:ELF) Insider Jennifer Catherine Hartnett Sells 10,318 Shares

e.l.f. Beauty (NYSE:ELF) insider Jennifer Catherine Hartnett sold 10,318 shares of the company’s stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $51.94, for a total transaction of $535,916.92. Following the completion of the transaction, the insider directly owned 58,408 shares in the company, valued at $3,033,711.52. This trade represents a 15.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available 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 stock was sold at an average price of $63.66, for a total transaction of $1,325,974.14.

e.l.f. Beauty Stock Down 3.4%

Shares of NYSE ELF traded down $1.77 during mid-day trading on Friday, reaching $49.67. The company had a trading volume of 5,610,863 shares, compared to its average volume of 2,734,654. e.l.f. Beauty has a twelve month low of $48.82 and a twelve month high of $150.99. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.69 and a current ratio of 2.35. The stock has a market capitalization of $2.95 billion, a PE ratio of 107.97, a price-to-earnings-growth ratio of 2.12 and a beta of 1.63. The stock’s 50 day moving average is $60.27 and its 200-day moving average is $73.49.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Wednesday, May 20th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. e.l.f. Beauty had a net margin of 1.61% and a return on equity of 11.02%. The business had revenue of $449.29 million for the quarter, compared to the consensus estimate of $423.06 million. During the same period in the prior year, the business posted $0.78 earnings per share. 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. As a group, equities analysts anticipate that e.l.f. Beauty will post 2.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on ELF shares. Weiss Ratings downgraded shares of e.l.f. Beauty from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 22nd. Citigroup lowered their target price on shares of e.l.f. Beauty from $115.00 to $87.00 and set a “buy” rating on the stock in a research report on Wednesday, April 15th. Jefferies Financial Group lowered their target price on shares of e.l.f. Beauty from $85.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. TD Cowen lowered their target price on shares of e.l.f. Beauty from $110.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, February 9th. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $85.00 target price on shares of e.l.f. Beauty in a research report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $82.75.

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. bought a new position in e.l.f. Beauty during the fourth quarter worth about $26,000. Hilton Head Capital Partners LLC bought a new position in shares of e.l.f. Beauty in the fourth quarter valued at approximately $32,000. EverSource Wealth Advisors LLC raised its stake 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 acquiring an additional 128 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake 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 acquiring an additional 117 shares during the last quarter. Finally, Arax Advisory Partners acquired a new stake in shares of e.l.f. Beauty in the fourth quarter valued at approximately $41,000. Institutional investors own 92.44% of the company’s stock.

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.