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 business's stock in a transaction that occurred 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 directly owns 53,903 shares in the company, valued at approximately $6,280,777.56. This trade represents a 14.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 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 Performance

Shares of ELF stock traded up $1.42 on Tuesday, hitting $117.93. 2,093,229 shares of the stock were exchanged, compared to its average volume of 2,527,909. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $6.64 billion, a PE ratio of 69.78, a P/E/G ratio of 6.76 and a beta of 1.52. e.l.f. Beauty, Inc. has a one year low of $49.40 and a one year high of $219.77. The firm's 50 day moving average is $73.35 and its two-hundred day moving average is $91.17.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $332.65 million during the quarter, compared to the consensus estimate of $327.45 million. e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. The firm's quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.53 EPS. Sell-side analysts expect that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

ELF has been the topic of a number of research reports. Robert W. Baird upped their target price on e.l.f. Beauty from $110.00 to $145.00 and gave the stock an "outperform" rating in a research report on Friday. Bank of America increased their price target on e.l.f. Beauty from $80.00 to $95.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. JPMorgan Chase & Co. increased their price target on e.l.f. Beauty from $70.00 to $123.00 and gave the company an "overweight" rating in a research report on Friday, May 30th. Morgan Stanley increased their price target on e.l.f. Beauty from $70.00 to $105.00 and gave the company an "equal weight" rating in a research report on Thursday, May 29th. Finally, The Goldman Sachs Group lowered their price target on e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Five research 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $120.71.

Institutional Trading of e.l.f. Beauty

Institutional investors have recently added to or reduced their stakes in the stock. Nemes Rush Group LLC purchased a new stake in e.l.f. Beauty during the 4th quarter worth about $27,000. Orion Capital Management LLC purchased a new stake in e.l.f. Beauty during the 4th quarter worth about $30,000. Promus Capital LLC purchased a new stake in e.l.f. Beauty during the 4th quarter worth about $31,000. Kestra Investment Management LLC purchased a new stake in e.l.f. Beauty during the 4th quarter worth about $32,000. Finally, Wilmington Savings Fund Society FSB lifted its holdings in e.l.f. Beauty by 84.9% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 429 shares of the company's stock worth $54,000 after purchasing an additional 197 shares in the last quarter. Hedge funds and other institutional investors 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.