Blair William & Co. IL Purchases 334 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Blair William & Co. IL increased its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 1.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,518 shares of the company’s stock after acquiring an additional 334 shares during the period. Blair William & Co. IL’s holdings in e.l.f. Beauty were worth $4,324,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Guidance Capital Inc. boosted its stake in shares of e.l.f. Beauty by 1.6% during the fourth quarter. Guidance Capital Inc. now owns 3,510 shares of the company’s stock valued at $490,000 after purchasing an additional 56 shares in the last quarter. Picton Mahoney Asset Management grew its holdings in e.l.f. Beauty by 3.2% during the 2nd quarter. Picton Mahoney Asset Management now owns 2,430 shares of the company’s stock worth $512,000 after acquiring an additional 75 shares during the last quarter. Hanseatic Management Services Inc. increased its position in e.l.f. Beauty by 1.7% in the 2nd quarter. Hanseatic Management Services Inc. now owns 4,507 shares of the company’s stock valued at $950,000 after acquiring an additional 77 shares during the period. GAMMA Investing LLC raised its stake in shares of e.l.f. Beauty by 33.2% during the first quarter. GAMMA Investing LLC now owns 353 shares of the company’s stock valued at $69,000 after acquiring an additional 88 shares during the last quarter. Finally, American International Group Inc. lifted its holdings in shares of e.l.f. Beauty by 0.3% during the fourth quarter. American International Group Inc. now owns 29,435 shares of the company’s stock worth $4,249,000 after purchasing an additional 90 shares during the period. Institutional investors and hedge funds 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 transaction 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 $14,489,342.08. 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 3,370 shares of e.l.f. Beauty stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $201.28, for a total transaction of $678,313.60. Following the transaction, the senior vice president now owns 71,986 shares of the company’s stock, valued at $14,489,342.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Tarang Amin sold 15,386 shares of the stock in a transaction on Friday, July 5th. The shares were sold at an average price of $200.85, for a total value of $3,090,278.10. Following the completion of the sale, the chief executive officer now directly owns 171,329 shares of the company’s stock, valued at $34,411,429.65. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,304 shares of company stock valued at $3,864,492. Corporate insiders own 5.20% of the company’s stock.

e.l.f. Beauty Stock Performance

Shares of e.l.f. Beauty stock opened at $112.91 on Friday. The business has a 50-day simple moving average of $153.71 and a 200 day simple moving average of $174.39. e.l.f. Beauty, Inc. has a one year low of $88.47 and a one year high of $221.83. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.77 and a quick ratio of 1.10. The firm has a market capitalization of $6.32 billion, a price-to-earnings ratio of 50.86, a PEG ratio of 2.37 and a beta of 1.44.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.87 EPS for the quarter, beating 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 firm had revenue of $324.48 million during the quarter, compared to the consensus estimate of $303.60 million. On average, research analysts anticipate that e.l.f. Beauty, Inc. will post 2.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ELF shares. Baird R W upgraded e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 18th. DA Davidson reissued a “buy” rating and issued a $223.00 price target on shares of e.l.f. Beauty in a research note on Wednesday. Robert W. Baird raised their price objective on e.l.f. Beauty from $230.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Canaccord Genuity Group upped their target price on e.l.f. Beauty from $214.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. Finally, B. Riley started coverage on shares of e.l.f. Beauty in a report on Tuesday, September 10th. They set a “buy” rating and a $175.00 price target for the company. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.