Jennifer Catherine Hartnett Sells 4,352 Shares of e.l.f. Beauty (NYSE:ELF) Stock

e.l.f. Beauty (NYSE:ELF) insider Jennifer Catherine Hartnett sold 4,352 shares of e.l.f. Beauty stock in a transaction on Tuesday, June 9th. The shares were 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 of the company’s stock, valued at $2,785,505.68. The trade was a 7.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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 shares were 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 shares were sold at an average price of $63.66, for a total value of $1,325,974.14.

e.l.f. Beauty Stock Up 4.5%

NYSE:ELF traded up $2.64 during trading hours on Thursday, reaching $60.76. 3,784,136 shares of the company traded hands, compared to its average volume of 2,805,131. The business’s 50-day moving average price is $59.46 and its two-hundred day moving average price is $73.00. The stock has a market capitalization of $3.61 billion, a P/E ratio of 132.09, a P/E/G ratio of 2.29 and a beta of 1.63. e.l.f. Beauty has a 1 year low of $48.82 and a 1 year high of $150.99. The company has a current ratio of 2.35, a quick ratio of 1.69 and a debt-to-equity ratio of 0.72.

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 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 firm had revenue of $449.29 million during the quarter, compared to analysts’ expectations of $423.06 million. During the same quarter in the previous year, the business earned $0.78 earnings per share. The company’s revenue was up 35.1% on a year-over-year basis. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. Analysts predict that e.l.f. Beauty will post 2.41 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on ELF. 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 report on Thursday, May 21st. Citigroup reduced their price target on e.l.f. Beauty from $115.00 to $87.00 and set a “buy” rating for the company in a research report on Wednesday, April 15th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $85.00 price objective on shares of e.l.f. Beauty in a research report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft set a $65.00 price objective on e.l.f. Beauty in a research note on Thursday, May 14th. 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 note on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and an average price target of $79.60.

Hedge Funds Weigh In On e.l.f. Beauty

A number of hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised its stake in e.l.f. Beauty by 97.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock valued at $32,000 after purchasing an additional 128 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in e.l.f. Beauty by 58.5% during the 2nd 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 during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in e.l.f. Beauty during the 4th quarter valued at approximately $26,000. Hilton Head Capital Partners LLC bought a new stake in e.l.f. Beauty during the 4th quarter valued at approximately $32,000. Finally, Johnson Financial Group Inc. bought a new stake in e.l.f. Beauty during the 3rd quarter valued at approximately $64,000. Institutional investors own 92.44% of the company’s stock.

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.