Interval Partners LP Makes New $22.96 Million Investment in e.l.f. Beauty, Inc. (NYSE:ELF)

Interval Partners LP purchased a new stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 108,981 shares of the company’s stock, valued at approximately $22,964,000. Interval Partners LP owned about 0.19% of e.l.f. Beauty as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC purchased a new stake in e.l.f. Beauty during the second quarter valued at approximately $26,000. Matrix Trust Co purchased a new stake in shares of e.l.f. Beauty in the 2nd quarter worth $27,000. Innealta Capital LLC bought a new position in e.l.f. Beauty in the 2nd quarter worth $30,000. Harbor Investment Advisory LLC purchased a new position in e.l.f. Beauty during the first quarter valued at $31,000. Finally, Whittier Trust Co. of Nevada Inc. increased its position in 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 in the last quarter. Institutional investors own 92.44% of the company’s stock.

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

In other news, SVP Joshua Allen Franks sold 3,370 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $201.28, for a total value of $678,313.60. Following the sale, the senior vice president now directly owns 71,986 shares in the company, valued at approximately $14,489,342.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, SVP Joshua Allen Franks sold 3,370 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $201.28, for a total value of $678,313.60. Following the completion of the sale, the senior vice president now directly owns 71,986 shares of the company’s stock, valued at approximately $14,489,342.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tarang Amin sold 548 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $175.00, for a total value of $95,900.00. Following the transaction, the chief executive officer now directly owns 214,507 shares in the company, valued at approximately $37,538,725. The disclosure for this sale can be found here. Insiders sold 19,304 shares of company stock worth $3,864,492 over the last 90 days. 5.20% of the stock is owned by insiders.

e.l.f. Beauty Price Performance

NYSE:ELF opened at $112.91 on Monday. The business’s 50-day moving average is $153.71 and its 200 day moving average is $174.16. 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 market capitalization of $6.32 billion, a P/E ratio of 50.86, a P/E/G ratio of 2.37 and a beta of 1.44. The company has a current ratio of 1.77, a quick ratio of 1.10 and a debt-to-equity ratio of 0.23.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.20. e.l.f. Beauty had a return on equity of 23.30% and a net margin of 10.80%. The business had revenue of $324.48 million for the quarter, compared to analysts’ expectations of $303.60 million. On average, equities research analysts forecast that e.l.f. Beauty, Inc. will post 2.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ELF has been the topic of a number of analyst reports. Truist Financial lifted their price objective on e.l.f. Beauty from $200.00 to $210.00 and gave the company 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 on shares of e.l.f. Beauty in a report on Monday, July 22nd. Bank of America reduced their price objective on shares of e.l.f. Beauty from $230.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, September 9th. Canaccord Genuity Group upped their target price on shares of e.l.f. Beauty from $214.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. Finally, Piper Sandler decreased their price target on e.l.f. Beauty from $260.00 to $162.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $198.80.

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.