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

e.l.f. Beauty (NYSE:ELF) insider Kory Marchisotto sold 4,352 shares of the 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 sale, the insider directly owned 181,868 shares in the company, valued at $9,371,658.04. This trade represents a 2.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Kory Marchisotto also recently made the following trade(s):

• On Monday, April 27th, Kory Marchisotto sold 23,796 shares of e.l.f. Beauty stock. The shares were sold at an average price of $63.66, for a total value of $1,514,853.36.

e.l.f. Beauty Stock Up 4.5%

NYSE ELF traded up $2.64 during midday trading on Thursday, hitting $60.76. 3,784,136 shares of the company traded hands, compared to its average volume of 2,805,131. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.35 and a quick ratio of 1.69. The company has a market cap 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. The company’s 50-day simple moving average is $59.46 and its 200-day simple moving average is $73.00. e.l.f. Beauty has a 52 week low of $48.82 and a 52 week high of $150.99.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Wednesday, May 20th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.03. The business had revenue of $449.29 million for the quarter, compared to analysts’ expectations of $423.06 million. e.l.f. Beauty had a return on equity of 11.02% and a net margin of 1.61%.The business’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.78 EPS. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. As a group, equities research analysts forecast that e.l.f. Beauty will post 2.41 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ELF. UBS Group set a $80.00 price objective on e.l.f. Beauty in a research report on Thursday, May 21st. Robert W. Baird lowered their price objective on e.l.f. Beauty from $115.00 to $90.00 and set an “outperform” rating for the company in a research report on Tuesday, April 28th. Citigroup lowered their price objective 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. Bank of America lowered their price objective on e.l.f. Beauty from $93.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Finally, B. Riley Financial lowered their price objective on e.l.f. Beauty from $130.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, May 26th. One equities 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 given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $79.60.

Institutional Trading of e.l.f. Beauty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of e.l.f. Beauty during the 4th quarter valued at about $26,000. Hilton Head Capital Partners LLC purchased a new position in shares of e.l.f. Beauty during the 4th quarter valued at about $32,000. EverSource Wealth Advisors LLC raised its stake in shares of 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 buying 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% during the 2nd 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 shares of e.l.f. Beauty during the 4th quarter valued at about $41,000. Institutional investors and hedge funds 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.