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 the company's stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $115.56, for a total value of $1,146,470.76. Following the transaction, the insider now directly owns 63,409 shares in the company, valued at $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 available through this link.

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 stock was sold at an average price of $109.99, for a total value of $2,021,946.17.

e.l.f. Beauty Price Performance

e.l.f. Beauty stock traded up $2.03 during midday trading on Friday, reaching $117.83. 1,992,555 shares of the company were exchanged, compared to its average volume of 2,526,771. The company has a market capitalization of $6.64 billion, a price-to-earnings ratio of 69.72, a P/E/G ratio of 6.76 and a beta of 1.52. The firm's 50-day simple moving average is $72.37 and its 200-day simple moving average is $91.45. e.l.f. Beauty, Inc. has a 1 year low of $49.40 and a 1 year high of $219.77. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The company reported $0.78 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $332.65 million during the quarter, compared to analysts' expectations of $327.45 million. During the same quarter last year, the business posted $0.53 EPS. The firm's quarterly revenue was up 3.6% compared to the same quarter last year. On average, analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

Hedge Funds Weigh In On e.l.f. Beauty

Several large investors have recently added to or reduced their stakes in the business. Cim LLC lifted its position in e.l.f. Beauty by 6.4% during the first quarter. Cim LLC now owns 11,229 shares of the company's stock worth $705,000 after buying an additional 671 shares during the period. Strs Ohio purchased a new position in e.l.f. Beauty during the first quarter worth about $2,103,000. Peloton Wealth Strategists purchased a new position in e.l.f. Beauty during the first quarter worth about $477,000. United Services Automobile Association purchased a new position in e.l.f. Beauty during the first quarter worth about $240,000. Finally, Fred Alger Management LLC purchased a new position in e.l.f. Beauty during the first quarter worth about $3,754,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ELF shares. Truist Financial upped their price objective on e.l.f. Beauty from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Friday. The Goldman Sachs Group lowered their target price on e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Canaccord Genuity Group set a $114.00 target price on e.l.f. Beauty in a report on Thursday, May 29th. Raymond James upped their target price on e.l.f. Beauty from $95.00 to $105.00 and gave the company a "strong-buy" rating in a report on Thursday, May 29th. Finally, Bank of America upped their target price on e.l.f. Beauty from $80.00 to $95.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, e.l.f. Beauty has a consensus rating of "Moderate Buy" and a consensus price target of $120.71.

About e.l.f. Beauty

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.