Rise Advisors LLC Takes $40,000 Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Rise Advisors LLC acquired a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 205 shares of the company’s stock, valued at approximately $40,000.

A number of other institutional investors also recently bought and sold shares of ELF. GAMMA Investing LLC increased its holdings in shares of e.l.f. Beauty by 33.2% during the 1st quarter. GAMMA Investing LLC now owns 353 shares of the company’s stock worth $69,000 after buying an additional 88 shares during the last quarter. Vanguard Group Inc. increased its stake in e.l.f. Beauty by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 6,050,649 shares of the company’s stock worth $873,351,000 after acquiring an additional 79,701 shares during the last quarter. Wellington Management Group LLP raised its position in e.l.f. Beauty by 5.2% in the fourth quarter. Wellington Management Group LLP now owns 2,540,832 shares of the company’s stock valued at $366,744,000 after purchasing an additional 126,231 shares during the period. Guidance Capital Inc. lifted its stake in shares of e.l.f. Beauty by 1.6% in the 4th quarter. Guidance Capital Inc. now owns 3,510 shares of the company’s stock valued at $490,000 after purchasing an additional 56 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of e.l.f. Beauty by 36.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 608,601 shares of the company’s stock worth $87,845,000 after purchasing an additional 161,497 shares during the period. 92.44% of the stock is owned by hedge funds and other institutional investors.

e.l.f. Beauty Stock Down 2.0 %

ELF stock opened at $209.47 on Friday. The company’s 50 day moving average price is $176.25 and its 200 day moving average price is $171.05. The firm has a market capitalization of $11.72 billion, a price-to-earnings ratio of 94.36, a PEG ratio of 5.42 and a beta of 1.54. e.l.f. Beauty, Inc. has a fifty-two week low of $88.47 and a fifty-two week high of $221.83. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.95 and a current ratio of 1.60.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Wednesday, May 22nd. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.21 by $0.16. e.l.f. Beauty had a net margin of 12.47% and a return on equity of 26.64%. The company had revenue of $321.14 million during the quarter, compared to analysts’ expectations of $292.47 million. On average, equities research analysts anticipate that e.l.f. Beauty, Inc. will post 2.85 EPS for the current fiscal year.

Insider Buying and Selling at e.l.f. Beauty

In other news, CEO Tarang Amin sold 6,832 shares of the company’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $162.63, for a total transaction of $1,111,088.16. Following the completion of the transaction, the chief executive officer now directly owns 228,175 shares of the company’s stock, valued at approximately $37,108,100.25. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, SVP Joshua Allen Franks sold 29,388 shares of the stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $166.40, for a total transaction of $4,890,163.20. Following the completion of the sale, the senior vice president now owns 108,748 shares in the company, valued at approximately $18,095,667.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Tarang Amin sold 6,832 shares of e.l.f. Beauty stock in a transaction on Friday, April 5th. The shares were sold at an average price of $162.63, for a total transaction of $1,111,088.16. Following the completion of the transaction, the chief executive officer now owns 228,175 shares in the company, valued at $37,108,100.25. The disclosure for this sale can be found here. Insiders have sold a total of 256,167 shares of company stock worth $44,029,811 over the last ninety days. Corporate insiders own 5.20% of the company’s stock.

Analysts Set New Price Targets

ELF has been the topic of a number of recent analyst reports. Stifel Nicolaus decreased their target price on shares of e.l.f. Beauty from $167.00 to $151.00 and set a “hold” rating on the stock in a research report on Monday, May 20th. DA Davidson reiterated a “buy” rating and issued a $220.00 target price on shares of e.l.f. Beauty in a report on Monday, June 3rd. Truist Financial upped their price target on e.l.f. Beauty from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Raymond James reiterated a “strong-buy” rating and issued a $235.00 price objective (up previously from $215.00) on shares of e.l.f. Beauty in a report on Friday, June 14th. Finally, Piper Sandler lowered their target price on e.l.f. Beauty from $216.00 to $210.00 and set an “overweight” rating for the company in a report on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, e.l.f. Beauty has an average rating of “Moderate Buy” and an average target price of $198.93.

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.