Sponsored by:
Melissa Juried Kriebel
IceCream Sunscreen
IceCreamSunscreen
A number of other large investors also recently added to or reduced their stakes in the business. Advisor Group Holdings Inc. grew its position in shares of e.l.f. Beauty by 7.6% during the 1st quarter. Advisor Group Holdings Inc. now owns 6,765 shares of the company’s stock worth $174,000 after buying an additional 476 shares during the period. Victory Capital Management Inc. boosted its stake in e.l.f. Beauty by 7.5% in the first quarter. Victory Capital Management Inc. now owns 2,870,318 shares of the company’s stock valued at $74,103,000 after acquiring an additional 200,128 shares during the last quarter. abrdn plc boosted its stake in e.l.f. Beauty by 0.9% in the first quarter. abrdn plc now owns 1,406,978 shares of the company’s stock valued at $36,314,000 after acquiring an additional 12,408 shares during the last quarter. Wakefield Asset Management LLLP bought a new position in e.l.f. Beauty in the first quarter valued at approximately $810,000. Finally, Summit Global Investments bought a new position in e.l.f. Beauty in the first quarter valued at approximately $424,000. 90.95% of the stock is currently owned by institutional investors and hedge funds.
e.l.f. Beauty Trading Up 6.8 %
Shares of NYSE ELF opened at $36.18 on Friday. e.l.f. Beauty, Inc. has a twelve month low of $20.49 and a twelve month high of $36.74. The company has a quick ratio of 1.67, a current ratio of 2.97 and a debt-to-equity ratio of 0.29. The company’s fifty day moving average is $29.70 and its 200-day moving average is $26.92. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 88.25 and a beta of 1.67.
e.l.f. Beauty (NYSE:ELF – Get Rating) last issued its quarterly earnings data on Wednesday, May 25th. The company reported $0.06 EPS for the quarter. e.l.f. Beauty had a net margin of 5.55% and a return on equity of 9.70%. The business had revenue of $105.14 million for the quarter, compared to analyst estimates of $91.22 million. During the same period last year, the business posted $0.10 earnings per share. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. Equities research analysts predict that e.l.f. Beauty, Inc. will post 0.55 EPS for the current year.
Insider Buying and Selling
In related news, SVP Joshua Allen Franks sold 6,823 shares of the firm’s stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $26.48, for a total transaction of $180,673.04. Following the sale, the senior vice president now directly owns 126,749 shares in the company, valued at $3,356,313.52. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 6,823 shares of e.l.f. Beauty stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $26.48, for a total value of $180,673.04. Following the sale, the senior vice president now directly owns 126,749 shares in the company, valued at approximately $3,356,313.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tarang Amin sold 42,561 shares of e.l.f. Beauty stock in a transaction on Monday, August 1st. The shares were sold at an average price of $33.87, for a total transaction of $1,441,541.07. Following the completion of the sale, the chief executive officer now owns 411,915 shares in the company, valued at $13,951,561.05. The disclosure for this sale can be found here. Insiders have sold a total of 300,480 shares of company stock worth $8,529,868 over the last ninety days. Company insiders own 8.20% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have issued reports on ELF. Morgan Stanley raised their price objective on shares of e.l.f. Beauty from $39.00 to $42.00 and gave the company an “overweight” rating in a research note on Thursday. JPMorgan Chase & Co. raised their price objective on shares of e.l.f. Beauty from $30.00 to $35.00 in a research note on Thursday, July 21st. William Blair reaffirmed an “outperform” rating on shares of e.l.f. Beauty in a research note on Thursday, May 26th. Raymond James lifted their price target on shares of e.l.f. Beauty from $27.00 to $38.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, DA Davidson lifted their price target on shares of e.l.f. Beauty from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $37.00.
e.l.f. Beauty Company Profile
e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.
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