e.l.f. Beauty (NYSE:ELF) Insider Sells $2,028,560.00 in Stock

e.l.f. Beauty (NYSE:ELF) insider Jennifer Catherine Hartnett sold 25,357 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $80.00, for a total value of $2,028,560.00. Following the sale, the insider directly owned 28,699 shares of the company’s stock, valued at approximately $2,295,920. This represents a 46.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, June 9th, Jennifer Catherine Hartnett sold 4,352 shares of e.l.f. Beauty stock. The stock was sold at an average price of $51.53, for a total value of $224,258.56.
• 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 transaction 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 transaction of $1,325,974.14.

e.l.f. Beauty Trading Down 3.2%

Shares of ELF stock traded down $2.52 during trading hours on Thursday, reaching $76.23. 3,873,113 shares of the stock traded hands, compared to its average volume of 2,914,654. 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 firm has a market capitalization of $4.53 billion, a PE ratio of 165.73, a PEG ratio of 2.88 and a beta of 1.58. e.l.f. Beauty has a 1-year low of $48.82 and a 1-year high of $150.99. The business has a fifty day moving average price of $59.87 and a 200 day moving average price of $71.91.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Wednesday, May 20th. The company reported $0.32 EPS 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 firm had revenue of $449.29 million during the quarter, compared to analyst estimates of $423.06 million. During the same quarter last year, the business posted $0.78 EPS. 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. On average, equities research analysts forecast that e.l.f. Beauty will post 2.42 EPS for the current year.

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

A number of hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its holdings in shares of e.l.f. Beauty by 3,131.7% during the fourth quarter. BNP Paribas Financial Markets now owns 924,902 shares of the company’s stock worth $70,330,000 after purchasing an additional 896,282 shares during the last quarter. Vanguard Group Inc. increased its position in e.l.f. Beauty by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 5,487,304 shares of the company’s stock valued at $417,255,000 after acquiring an additional 140,258 shares in the last quarter. Norges Bank acquired a new stake in e.l.f. Beauty in the 4th quarter valued at about $38,895,000. SG Americas Securities LLC raised its stake in shares of e.l.f. Beauty by 1,967.8% in the fourth quarter. SG Americas Securities LLC now owns 155,253 shares of the company’s stock worth $11,805,000 after acquiring an additional 147,745 shares during the last quarter. Finally, Jacobson & Schmitt Advisors LLC raised its stake in shares of e.l.f. Beauty by 34.5% in the fourth quarter. Jacobson & Schmitt Advisors LLC now owns 188,924 shares of the company’s stock worth $14,366,000 after acquiring an additional 48,504 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on ELF shares. Raymond James Financial reissued a “strong-buy” rating and set a $85.00 price target on shares of e.l.f. Beauty in a research report on Thursday, May 21st. Bank of America dropped their target price on e.l.f. Beauty from $93.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. JPMorgan Chase & Co. dropped their price objective on shares of e.l.f. Beauty from $85.00 to $80.00 and set an “overweight” rating on the stock in a research note on Thursday, May 21st. Piper Sandler reiterated a “neutral” rating on shares of e.l.f. Beauty in a research report on Friday, June 12th. Finally, UBS Group set a $80.00 target price on shares of e.l.f. Beauty in a research note on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, e.l.f. Beauty has a consensus rating of “Moderate Buy” and an average price target of $78.31.

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.