Jennifer Catherine Hartnett Sells 25,357 Shares of e.l.f. Beauty (NYSE:ELF) 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 completion of the sale, the insider owned 28,699 shares of the company’s stock, valued at approximately $2,295,920. This trade represents a 46.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 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 stock was 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 Price Performance

Shares of NYSE ELF opened at $76.23 on Friday. e.l.f. Beauty has a twelve month low of $48.82 and a twelve month 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. The firm has a 50-day moving average of $60.27 and a two-hundred day moving average of $71.94. The company has a market capitalization of $4.53 billion, a price-to-earnings ratio of 165.73, a PEG ratio of 2.97 and a beta of 1.59.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Wednesday, May 20th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $449.29 million for the quarter, compared to analysts’ expectations of $423.06 million. During the same quarter in the previous year, the company posted $0.78 EPS. The business’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. As a group, analysts expect that e.l.f. Beauty will post 2.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ELF has been the topic of several recent research reports. Jefferies Financial Group decreased 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. Canaccord Genuity Group cut their price objective 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. Sanford C. Bernstein started coverage on e.l.f. Beauty in a research note on Thursday, June 11th. They set a “market perform” rating and a $60.00 price objective for the company. Raymond James Financial restated a “strong-buy” rating and issued a $85.00 target price on shares of e.l.f. Beauty in a report on Thursday, May 21st. Finally, Robert W. Baird cut their target price on e.l.f. Beauty from $115.00 to $90.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, e.l.f. Beauty presently has an average rating of “Moderate Buy” and a consensus price target of $78.31.

Institutional Trading of e.l.f. Beauty

Several large investors have recently added to or reduced their stakes in ELF. Cim Investment Management Inc. acquired a new stake in shares of e.l.f. Beauty in the first quarter worth $366,000. Bank of America Corp DE raised its position in e.l.f. Beauty by 45.9% during the first quarter. Bank of America Corp DE now owns 418,431 shares of the company’s stock valued at $25,361,000 after buying an additional 131,572 shares during the period. Edgestream Partners L.P. lifted its stake in e.l.f. Beauty by 9.0% in the 1st quarter. Edgestream Partners L.P. now owns 19,727 shares of the company’s stock worth $1,196,000 after acquiring an additional 1,621 shares in the last quarter. Centaurus Financial Inc. acquired a new stake in e.l.f. Beauty during the 1st quarter worth about $315,000. Finally, Amundi purchased a new position in e.l.f. Beauty during the 1st quarter valued at about $333,000. 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.