e.l.f. Beauty, Inc. (NYSE:ELF) Insider Jennifer Catherine Hartnett Sells 18,383 Shares

e.l.f. Beauty, Inc. (NYSE:ELF - Get Free Report) insider Jennifer Catherine Hartnett sold 18,383 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $109.99, for a total transaction of $2,021,946.17. Following the completion of the transaction, the insider now owns 54,163 shares of the company's stock, valued at approximately $5,957,388.37. The trade was a 25.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

e.l.f. Beauty Trading Up 0.7%

Shares of ELF traded up $0.77 during midday trading on Friday, hitting $112.61. The stock had a trading volume of 5,858,897 shares, compared to its average volume of 2,501,977. e.l.f. Beauty, Inc. has a 1 year low of $49.40 and a 1 year high of $219.77. The firm has a market cap of $6.35 billion, a PE ratio of 66.63, a price-to-earnings-growth ratio of 6.76 and a beta of 1.31. 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's 50 day moving average is $67.23 and its 200 day moving average is $91.66.

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

Analysts Set New Price Targets

ELF has been the topic of several research analyst reports. Canaccord Genuity Group set a $114.00 target price on shares of e.l.f. Beauty in a report on Thursday. JPMorgan Chase & Co. boosted their target price on shares of e.l.f. Beauty from $70.00 to $123.00 and gave the stock an "overweight" rating in a report on Friday. Piper Sandler reissued 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. Truist Financial boosted their target price on shares of e.l.f. Beauty from $75.00 to $125.00 and gave the stock a "buy" rating in a report on Friday. Finally, Bank of America boosted their target price on shares of e.l.f. Beauty from $80.00 to $95.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, e.l.f. Beauty has a consensus rating of "Moderate Buy" and an average price target of $117.76.

Institutional Investors Weigh In On e.l.f. Beauty

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Strs Ohio purchased a new stake in shares of e.l.f. Beauty in the first quarter valued at $2,103,000. Peloton Wealth Strategists purchased a new stake in shares of e.l.f. Beauty in the first quarter valued at $477,000. United Services Automobile Association purchased a new stake in shares of e.l.f. Beauty in the first quarter valued at $240,000. Fred Alger Management LLC bought a new position in shares of e.l.f. Beauty in the first quarter worth about $3,754,000. Finally, NewEdge Advisors LLC grew its holdings in shares of e.l.f. Beauty by 176.4% in the first quarter. NewEdge Advisors LLC now owns 4,677 shares of the company's stock worth $294,000 after purchasing an additional 2,985 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company's stock.

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.