Insider Selling: e.l.f. Beauty (NYSE:ELF) Insider Sells 4,352 Shares of Stock

e.l.f. Beauty (NYSE:ELF) insider Kory Marchisotto sold 4,352 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $51.53, for a total value of $224,258.56. Following the completion of the sale, the insider owned 181,868 shares in the company, valued at approximately $9,371,658.04. The trade was a 2.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Kory Marchisotto also recently made the following trade(s):

• On Monday, April 27th, Kory Marchisotto sold 23,796 shares of e.l.f. Beauty stock. The stock was sold at an average price of $63.66, for a total value of $1,514,853.36.

e.l.f. Beauty Trading Up 4.5%

Shares of NYSE ELF traded up $2.64 during midday trading on Thursday, hitting $60.76. The company’s stock had a trading volume of 3,784,136 shares, compared to its average volume of 2,805,131. The company has a current ratio of 2.35, a quick ratio of 1.69 and a debt-to-equity ratio of 0.72. The business’s 50 day moving average is $59.46 and its two-hundred day moving average is $73.00. e.l.f. Beauty has a 12-month low of $48.82 and a 12-month high of $150.99. The firm has a market cap of $3.61 billion, a P/E ratio of 132.09, a price-to-earnings-growth ratio of 2.29 and a beta of 1.63.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Wednesday, May 20th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.03. e.l.f. Beauty had a return on equity of 11.02% and a net margin of 1.61%.The firm had revenue of $449.29 million for the quarter, compared to the consensus estimate of $423.06 million. During the same period in the prior year, the business posted $0.78 earnings per share. The company’s revenue for the quarter was up 35.1% on a year-over-year basis. e.l.f. Beauty has set its FY 2027 guidance at 3.270-3.320 EPS. As a group, equities research analysts expect that e.l.f. Beauty will post 2.41 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on ELF. Jefferies Financial Group reduced their price objective on e.l.f. Beauty from $85.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Piper Sandler reduced their price objective on e.l.f. Beauty from $60.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, May 21st. Morgan Stanley reduced their price objective on e.l.f. Beauty from $67.00 to $59.00 and set an “equal weight” rating on the stock in a report on Thursday, May 21st. Robert W. Baird reduced their price objective on e.l.f. Beauty from $115.00 to $90.00 and set an “outperform” rating on the stock in a report on Tuesday, April 28th. Finally, B. Riley Financial reduced their price objective on e.l.f. Beauty from $130.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $79.60.

Institutional Trading of e.l.f. Beauty

Several hedge funds and other institutional investors have recently bought and sold shares of ELF. BNP Paribas Financial Markets boosted its position in e.l.f. Beauty by 3,131.7% during the 4th quarter. BNP Paribas Financial Markets now owns 924,902 shares of the company’s stock valued at $70,330,000 after acquiring an additional 896,282 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in e.l.f. Beauty by 47.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,197,319 shares of the company’s stock valued at $167,086,000 after acquiring an additional 711,540 shares in the last quarter. Swedbank AB boosted its position in e.l.f. Beauty by 97.0% during the 4th quarter. Swedbank AB now owns 1,364,801 shares of the company’s stock valued at $103,779,000 after acquiring an additional 672,071 shares in the last quarter. Armistice Capital LLC boosted its position in e.l.f. Beauty by 394.9% during the 4th quarter. Armistice Capital LLC now owns 657,983 shares of the company’s stock valued at $50,033,000 after acquiring an additional 525,018 shares in the last quarter. Finally, Norges Bank bought a new stake in e.l.f. Beauty during the 4th quarter valued at $38,895,000. Institutional investors own 92.44% of the company’s stock.

About e.l.f. Beauty

e.l.f. Beauty (NYSE: ELF) is an American cosmetics company known for offering an extensive range of affordable, trend-driven makeup and skincare products. The company’s portfolio spans foundations, lipsticks, mascaras, brushes, serums, masks and other beauty essentials, all positioned at accessible price points. e.l.f. Beauty maintains a direct-to-consumer platform through its e-commerce site and engages in widespread retail partnerships with major chains such as Target, Walmart, Ulta Beauty and Amazon.

Founded in 2004 and headquartered in Oakland, California, e.l.f.