Healthcare of Ontario Pension Plan Trust Fund Purchases New Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 29,600 shares of the company’s stock, valued at approximately $6,237,000. Healthcare of Ontario Pension Plan Trust Fund owned 0.05% of e.l.f. Beauty at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC purchased a new position in e.l.f. Beauty during the 2nd quarter valued at about $26,000. Matrix Trust Co purchased a new position in e.l.f. Beauty during the 2nd quarter valued at about $27,000. Innealta Capital LLC purchased a new position in e.l.f. Beauty in the second quarter worth about $30,000. Harbor Investment Advisory LLC purchased a new position in e.l.f. Beauty in the first quarter worth about $31,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings 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 during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,528 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $136.45, for a total value of $3,210,395.60. Following the completion of the transaction, the chief executive officer now directly owns 106,016 shares in the company, valued at $14,465,883.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, SVP Joshua Allen Franks sold 3,370 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $201.28, for a total value of $678,313.60. Following the transaction, the senior vice president now owns 71,986 shares of the company’s stock, valued at approximately $14,489,342.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Tarang Amin sold 23,528 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the completion of the transaction, the chief executive officer now directly owns 106,016 shares in the company, valued at $14,465,883.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,446 shares of company stock worth $3,984,609 over the last three months. 5.20% of the stock is currently owned by company insiders.

e.l.f. Beauty Stock Performance

Shares of NYSE ELF opened at $105.91 on Friday. The firm has a 50 day moving average of $139.94 and a 200 day moving average of $168.10. The company has a current ratio of 1.77, a quick ratio of 1.10 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $5.92 billion, a price-to-earnings ratio of 47.71, a price-to-earnings-growth ratio of 2.33 and a beta of 1.43. e.l.f. Beauty, Inc. has a 12-month low of $88.47 and a 12-month high of $221.83.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 10.80% and a return on equity of 23.30%. On average, research analysts anticipate that e.l.f. Beauty, Inc. will post 2.88 earnings per share for the current year.

Analyst Ratings Changes

ELF has been the subject of several recent analyst reports. Bank of America decreased their target price on shares of e.l.f. Beauty from $230.00 to $190.00 and set a “buy” rating for the company in a report on Monday, September 9th. Piper Sandler decreased their target price on shares of e.l.f. Beauty from $260.00 to $162.00 and set an “overweight” rating for the company in a report on Monday, September 16th. TD Cowen decreased their target price 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. Raymond James reaffirmed a “strong-buy” rating and issued a $235.00 target price on shares of e.l.f. Beauty in a report on Monday, July 22nd. Finally, JPMorgan Chase & Co. reduced their price target on shares of e.l.f. Beauty from $224.00 to $207.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $195.80.

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.