American International Group Inc. Purchases 90 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

American International Group Inc. lifted its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,435 shares of the company’s stock after purchasing an additional 90 shares during the quarter. American International Group Inc. owned 0.05% of e.l.f. Beauty worth $4,249,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ELF. Armstrong Advisory Group Inc. raised its holdings in e.l.f. Beauty by 390.2% during the 4th quarter. Armstrong Advisory Group Inc. now owns 201 shares of the company’s stock worth $29,000 after buying an additional 160 shares during the period. GPS Wealth Strategies Group LLC raised its holdings in shares of e.l.f. Beauty by 66.4% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 243 shares of the company’s stock worth $35,000 after acquiring an additional 97 shares during the period. GAMMA Investing LLC bought a new stake in e.l.f. Beauty in the 4th quarter valued at $42,000. First Horizon Advisors Inc. boosted its stake in e.l.f. Beauty by 38.0% in the 4th quarter. First Horizon Advisors Inc. now owns 338 shares of the company’s stock worth $49,000 after purchasing an additional 93 shares during the period. Finally, FinTrust Capital Advisors LLC increased its holdings in e.l.f. Beauty by 776.9% during the 4th quarter. FinTrust Capital Advisors LLC now owns 342 shares of the company’s stock worth $49,000 after purchasing an additional 303 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, Director Richard G. Wolford sold 11,072 shares of the stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $181.13, for a total value of $2,005,471.36. Following the transaction, the director now directly owns 12,741 shares of the company’s stock, valued at approximately $2,307,777.33. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Tarang Amin sold 6,832 shares of the business’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $162.63, for a total value of $1,111,088.16. Following the completion of the sale, the chief executive officer now owns 228,175 shares of the company’s stock, valued at $37,108,100.25. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard G. Wolford sold 11,072 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $181.13, for a total transaction of $2,005,471.36. Following the transaction, the director now directly owns 12,741 shares in the company, valued at $2,307,777.33. The disclosure for this sale can be found here. In the last 90 days, insiders sold 256,167 shares of company stock worth $44,029,811. 5.20% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ELF shares. Truist Financial upped their price objective on e.l.f. Beauty from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Raymond James reaffirmed a “strong-buy” rating and set a $235.00 price target (up from $215.00) on shares of e.l.f. Beauty in a research note on Friday, June 14th. Canaccord Genuity Group lifted their price objective on shares of e.l.f. Beauty from $214.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. Piper Sandler reduced their target price on shares of 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. Finally, Canaccord Genuity Group lifted their price target on shares of e.l.f. Beauty from $214.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $198.93.

e.l.f. Beauty Price Performance

NYSE:ELF opened at $205.91 on Monday. The company has a quick ratio of 0.95, a current ratio of 1.60 and a debt-to-equity ratio of 0.25. e.l.f. Beauty, Inc. has a 12-month low of $88.47 and a 12-month high of $221.83. The stock’s 50 day moving average price is $177.11 and its two-hundred day moving average price is $172.25. The firm has a market capitalization of $11.52 billion, a price-to-earnings ratio of 92.75, a P/E/G ratio of 5.31 and a beta of 1.54.

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

e.l.f. Beauty 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.