Jennifer Catherine Hartnett Sells 9,506 Shares of e.l.f. Beauty, Inc. (NYSE:ELF) Stock

e.l.f. Beauty, Inc. (NYSE:ELF - Get Free Report) insider Jennifer Catherine Hartnett sold 9,506 shares of the company's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $116.52, for a total value of $1,107,639.12. Following the completion of the transaction, the insider now owns 53,903 shares of the company's stock, valued at $6,280,777.56. The trade was a 14.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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 shares were sold at an average price of $115.56, for a total transaction 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 transaction of $2,021,946.17.

e.l.f. Beauty Trading Up 3.0%

Shares of ELF stock traded up $3.78 on Thursday, reaching $128.30. 2,544,811 shares of the stock were exchanged, compared to its average volume of 2,537,481. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17. e.l.f. Beauty, Inc. has a one year low of $49.40 and a one year high of $219.77. The stock has a market cap of $7.23 billion, a PE ratio of 75.92, a P/E/G ratio of 6.76 and a beta of 1.52. The stock has a 50 day moving average price of $76.00 and a 200 day moving average price of $91.59.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.06. The firm had revenue of $332.65 million during the quarter, compared to analysts' expectations of $327.45 million. e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. The company's quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.53 EPS. Equities research analysts forecast that e.l.f. Beauty, Inc. will post 2.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Morgan Stanley increased their target price on e.l.f. Beauty from $70.00 to $105.00 and gave the stock an "equal weight" rating in a report on Thursday, May 29th. Raymond James increased their price objective on e.l.f. Beauty from $95.00 to $105.00 and gave the stock a "strong-buy" rating in a research note on Thursday, May 29th. Truist Financial boosted their target price on shares of e.l.f. Beauty from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, June 6th. Piper Sandler reiterated an "overweight" rating and set a $109.00 target price (up previously from $81.00) on shares of e.l.f. Beauty in a research report on Thursday, May 29th. Finally, UBS Group boosted their price target on shares of e.l.f. Beauty from $59.00 to $84.00 and gave the company a "neutral" rating in a research report on Wednesday, May 21st. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $120.71.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ELF. Nemes Rush Group LLC acquired a new stake in shares of e.l.f. Beauty during the fourth quarter worth $27,000. Orion Capital Management LLC acquired a new position in shares of e.l.f. Beauty during the 4th quarter worth about $30,000. Promus Capital LLC acquired a new position in shares of e.l.f. Beauty during the 4th quarter worth about $31,000. Kestra Investment Management LLC acquired a new position in shares of e.l.f. Beauty during the 4th quarter worth about $32,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of e.l.f. Beauty in the 1st quarter valued at about $33,000. Institutional investors and hedge funds own 92.44% of the company's stock.

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.