Insider Selling: e.l.f. Beauty, Inc. (NYSE:ELF) Insider Sells $1,107,639.12 in Stock

e.l.f. Beauty, Inc. (NYSE:ELF) insider Jennifer Catherine Hartnett sold 9,506 shares of the business’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $116.52, for a total value of $1,107,639.12. Following the transaction, the insider now owns 53,903 shares of the company’s stock, valued at $6,280,777.56. This trade represents a 14.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Wednesday, June 4th, Jennifer Catherine Hartnett sold 9,921 shares of e.l.f. Beauty stock. The stock was sold at an average price of $115.56, for a total value of $1,146,470.76.
• On Thursday, May 29th, Jennifer Catherine Hartnett sold 18,383 shares of e.l.f. Beauty stock. The stock was sold at an average price of $109.99, for a total value of $2,021,946.17.

e.l.f. Beauty Stock Up 5.7%

Shares of e.l.f. Beauty stock opened at $124.67 on Thursday. The stock’s fifty day moving average is $76.00 and its 200-day moving average is $91.59. The firm has a market capitalization of $7.02 billion, a PE ratio of 73.77, a price-to-earnings-growth ratio of 6.76 and a beta of 1.52. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. e.l.f. Beauty, Inc. has a 12-month low of $49.40 and a 12-month high of $219.77.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Wednesday, May 28th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.06. The firm had revenue of $332.65 million for the quarter, compared to analyst estimates of $327.45 million. e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. e.l.f. Beauty’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 earnings per share. Equities analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ELF. Piper Sandler reiterated an “overweight” rating and set a $109.00 price target (up previously from $81.00) on shares of e.l.f. Beauty in a research report on Thursday, May 29th. Jefferies Financial Group set a $115.00 price objective on e.l.f. Beauty and gave the stock a “buy” rating in a research note on Thursday, May 29th. Bank of America upped their price objective on e.l.f. Beauty from $80.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, May 21st. UBS Group upped their price objective on e.l.f. Beauty from $59.00 to $84.00 and gave the company a “neutral” rating in a report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. upped their price objective on e.l.f. Beauty from $70.00 to $123.00 and gave the company an “overweight” rating in a report on Friday, May 30th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $120.71.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Cim LLC raised its position in e.l.f. Beauty by 6.4% during the first quarter. Cim LLC now owns 11,229 shares of the company’s stock valued at $705,000 after buying an additional 671 shares during the period. Strs Ohio acquired a new position in e.l.f. Beauty during the first quarter valued at $2,103,000. Peloton Wealth Strategists acquired a new position in e.l.f. Beauty during the first quarter valued at $477,000. United Services Automobile Association acquired a new position in e.l.f. Beauty during the first quarter valued at $240,000. Finally, Fred Alger Management LLC acquired a new position in e.l.f. Beauty during the first quarter valued at $3,754,000. 92.44% of the stock is owned by institutional investors and hedge funds.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.