Strategic Advisors LLC acquired a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,938 shares of the company’s stock, valued at approximately $320,000.
A number of other hedge funds have also bought and sold shares of ELF. Ashton Thomas Private Wealth LLC acquired a new position in e.l.f. Beauty in the second quarter worth approximately $26,000. Matrix Trust Co purchased a new stake in shares of e.l.f. Beauty during the 2nd quarter worth about $27,000. Innealta Capital LLC bought a new stake in e.l.f. Beauty in the second quarter worth approximately $30,000. Harbor Investment Advisory LLC acquired a new stake in shares of e.l.f. Beauty in the 1st quarter valued at $31,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in shares of e.l.f. Beauty by 405.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock worth $36,000 after buying an additional 138 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 3,370 shares of e.l.f. Beauty stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $201.28, for a total transaction of $678,313.60. Following the completion of the transaction, the senior vice president now owns 71,986 shares in the company, valued at approximately $14,489,342.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Tarang Amin sold 548 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $175.00, for a total transaction of $95,900.00. Following the completion of the sale, the chief executive officer now directly owns 214,507 shares in the company, valued at approximately $37,538,725. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Joshua Allen Franks sold 3,370 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $201.28, for a total transaction of $678,313.60. Following the completion of the transaction, the senior vice president now directly owns 71,986 shares in the company, valued at approximately $14,489,342.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,446 shares of company stock valued at $3,984,609. 5.20% of the stock is owned by company insiders.
e.l.f. Beauty Price Performance
e.l.f. Beauty (NYSE:ELF – Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.20. The business had revenue of $324.48 million during the quarter, compared to analyst estimates of $303.60 million. e.l.f. Beauty had a return on equity of 23.30% and a net margin of 10.80%. Equities analysts forecast that e.l.f. Beauty, Inc. will post 2.88 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on ELF shares. TD Cowen dropped their price objective on shares of e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, September 12th. Morgan Stanley lowered their price objective on shares of e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating for the company in a research report on Monday, September 30th. Robert W. Baird lifted their target price on e.l.f. Beauty from $230.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Canaccord Genuity Group lifted their target price on e.l.f. Beauty from $214.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. Finally, Stifel Nicolaus increased their price objective on e.l.f. Beauty from $151.00 to $161.00 and gave the company a “hold” rating in a report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $201.57.
View Our Latest Stock Analysis on e.l.f. Beauty
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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