e.l.f. Beauty, Inc. (NYSE:ELF) Stock Position Boosted by GAMMA Investing LLC

GAMMA Investing LLC grew its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 33.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 353 shares of the company’s stock after buying an additional 88 shares during the quarter. GAMMA Investing LLC’s holdings in e.l.f. Beauty were worth $69,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Armstrong Advisory Group Inc. raised its holdings in e.l.f. Beauty by 390.2% during the fourth quarter. Armstrong Advisory Group Inc. now owns 201 shares of the company’s stock worth $29,000 after purchasing an additional 160 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its holdings in shares of e.l.f. Beauty by 66.4% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 243 shares of the company’s stock valued at $35,000 after buying an additional 97 shares during the period. First Horizon Advisors Inc. boosted its stake in e.l.f. Beauty by 38.0% during the fourth quarter. First Horizon Advisors Inc. now owns 338 shares of the company’s stock valued at $49,000 after buying an additional 93 shares in the last quarter. FinTrust Capital Advisors LLC grew its holdings in e.l.f. Beauty by 776.9% during the fourth quarter. FinTrust Capital Advisors LLC now owns 342 shares of the company’s stock worth $49,000 after acquiring an additional 303 shares during the period. Finally, C M Bidwell & Associates Ltd. bought a new stake in e.l.f. Beauty in the fourth quarter worth about $50,000. 92.44% of the stock is owned by institutional investors and hedge funds.

e.l.f. Beauty Trading Down 1.6 %

e.l.f. Beauty stock opened at $205.91 on Monday. e.l.f. Beauty, Inc. has a 12 month low of $88.47 and a 12 month high of $221.83. The company has a quick ratio of 0.95, a current ratio of 1.60 and a debt-to-equity ratio of 0.25. The stock has a market cap of $11.52 billion, a P/E ratio of 92.75, a P/E/G ratio of 5.31 and a beta of 1.54. The company’s fifty day simple moving average is $177.11 and its 200-day simple moving average is $172.25.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, May 22nd. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.16. The firm had revenue of $321.14 million for the quarter, compared to the consensus estimate of $292.47 million. e.l.f. Beauty had a return on equity of 26.64% and a net margin of 12.47%. As a group, sell-side analysts forecast 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, Director Richard G. Wolford sold 11,072 shares of the firm’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $181.13, for a total transaction of $2,005,471.36. Following the transaction, the director now owns 12,741 shares in the company, valued at approximately $2,307,777.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other e.l.f. Beauty news, Director Richard G. Wolford sold 11,072 shares of the stock in a transaction on Friday, June 7th. The shares were 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 of the company’s stock, valued at $2,307,777.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Tarang Amin sold 42,953 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $184.96, for a total value of $7,944,586.88. Following the completion of the sale, the chief executive officer now directly owns 258,667 shares of the company’s stock, valued at approximately $47,843,048.32. The disclosure for this sale can be found here. Insiders sold 256,167 shares of company stock worth $44,029,811 over the last ninety days. 5.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ELF. Canaccord Genuity Group lifted their price objective on shares of e.l.f. Beauty from $214.00 to $250.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. Raymond James reiterated a “strong-buy” rating and set a $235.00 price objective (up previously from $215.00) on shares of e.l.f. Beauty in a research report on Friday, June 14th. Stifel Nicolaus decreased their target price on e.l.f. Beauty from $167.00 to $151.00 and set a “hold” rating on the stock in a report on Monday, May 20th. TD Cowen upped their target price on e.l.f. Beauty from $190.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Finally, DA Davidson reissued a “buy” rating and issued a $220.00 price target on shares of e.l.f. Beauty in a research note on Monday, June 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $198.93.

About e.l.f. Beauty

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.