Insider Selling: 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 e.l.f. Beauty stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $80.00, for a total value of $2,028,560.00. Following the sale, the insider owned 28,699 shares in the company, valued at $2,295,920. This represents a 46.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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 shares were 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 value 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 Stock Down 0.2%

Shares of NYSE:ELF opened at $76.23 on Friday. The company has a current ratio of 2.35, a quick ratio of 1.69 and a debt-to-equity ratio of 0.72. The company has a fifty day simple moving average of $60.27 and a 200 day simple moving average of $71.94. The firm has a market cap of $4.53 billion, a PE ratio of 165.73, a price-to-earnings-growth ratio of 2.97 and a beta of 1.59. e.l.f. Beauty has a 12-month low of $48.82 and a 12-month high of $150.99.

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, beating 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 for the quarter, compared to the consensus estimate of $423.06 million. During the same period in the prior year, the firm posted $0.78 EPS. The firm’s revenue 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. On average, equities research analysts anticipate that e.l.f. Beauty will post 2.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Jefferies Financial Group reduced their price target 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. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $64.00 price objective on shares of e.l.f. Beauty in a research note on Tuesday, June 16th. B. Riley Financial reduced their target price on e.l.f. Beauty from $130.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, May 26th. Canaccord Genuity Group decreased their target price on e.l.f. Beauty from $100.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Finally, Sanford C. Bernstein began coverage on e.l.f. Beauty in a research report on Thursday, June 11th. They issued a “market perform” rating and a $60.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $78.31.

Institutional Inflows and Outflows

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

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.