Jennifer Catherine Hartnett Sells 9,921 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 9,921 shares of e.l.f. Beauty stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $115.56, for a total value of $1,146,470.76. Following the completion of the sale, the insider now directly owns 63,409 shares of the company's stock, valued at approximately $7,327,544.04. This represents a 13.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Jennifer Catherine Hartnett also recently made the following trade(s):

• On Thursday, May 29th, Jennifer Catherine Hartnett sold 18,383 shares of e.l.f. Beauty stock. The shares were sold at an average price of $109.99, for a total transaction of $2,021,946.17.

e.l.f. Beauty Stock Up 1.3%

ELF traded up $1.47 on Friday, reaching $117.27. The company's stock had a trading volume of 971,732 shares, compared to its average volume of 2,510,398. e.l.f. Beauty, Inc. has a 1 year low of $49.40 and a 1 year high of $219.77. The business's 50 day moving average is $71.30 and its 200 day moving average is $91.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17. The stock has a market cap of $6.61 billion, a price-to-earnings ratio of 69.36, a price-to-earnings-growth ratio of 6.76 and a beta of 1.31.

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ELF shares. Canaccord Genuity Group set a $114.00 price target on shares of e.l.f. Beauty in a report on Thursday, May 29th. Piper Sandler reiterated an "overweight" rating and issued a $109.00 target price (up previously from $81.00) on shares of e.l.f. Beauty in a report on Thursday, May 29th. DA Davidson cut their price objective on e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating on the stock in a report on Monday, March 17th. Robert W. Baird boosted their target price on e.l.f. Beauty from $110.00 to $145.00 and gave the stock an "outperform" rating in a report on Friday. Finally, Jefferies Financial Group set a $115.00 price target on shares of e.l.f. Beauty and gave the company a "buy" rating in a report on Thursday, May 29th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $120.71.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ELF. Truist Financial Corp raised its stake in shares of e.l.f. Beauty by 1.3% in the 4th quarter. Truist Financial Corp now owns 7,885 shares of the company's stock valued at $990,000 after purchasing an additional 102 shares in the last quarter. Arizona State Retirement System raised its stake in e.l.f. Beauty by 0.8% during the fourth quarter. Arizona State Retirement System now owns 16,365 shares of the company's stock valued at $2,055,000 after buying an additional 128 shares in the last quarter. Treasurer of the State of North Carolina lifted its holdings in e.l.f. Beauty by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 23,630 shares of the company's stock worth $2,967,000 after buying an additional 140 shares during the last quarter. Atria Wealth Solutions Inc. grew its position in shares of e.l.f. Beauty by 7.7% in the 4th quarter. Atria Wealth Solutions Inc. now owns 2,089 shares of the company's stock worth $262,000 after acquiring an additional 150 shares in the last quarter. Finally, Horizon Investments LLC increased its holdings in shares of e.l.f. Beauty by 29.0% in the 4th quarter. Horizon Investments LLC now owns 742 shares of the company's stock valued at $93,000 after acquiring an additional 167 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

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.