DMC Group LLC lessened its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF – Free Report) by 10.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,733 shares of the company’s stock after selling 315 shares during the period. DMC Group LLC’s holdings in e.l.f. Beauty were worth $312,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of ELF. Dark Forest Capital Management LP bought a new position in shares of e.l.f. Beauty during the 1st quarter worth approximately $27,000. Point72 Middle East FZE acquired a new stake in e.l.f. Beauty in the 4th quarter valued at $28,000. CWM LLC lifted its position in e.l.f. Beauty by 89.7% during the 1st quarter. CWM LLC now owns 385 shares of the company’s stock worth $32,000 after buying an additional 182 shares in the last quarter. Covestor Ltd boosted its stake in shares of e.l.f. Beauty by 8,340.0% during the 1st quarter. Covestor Ltd now owns 1,266 shares of the company’s stock worth $33,000 after buying an additional 1,251 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in shares of e.l.f. Beauty in the 4th quarter valued at about $46,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
ELF has been the subject of a number of analyst reports. Raymond James raised their price target on e.l.f. Beauty from $125.00 to $145.00 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. Stifel Nicolaus lifted their price target on e.l.f. Beauty from $107.00 to $127.00 and gave the stock a “hold” rating in a report on Wednesday, August 2nd. Morgan Stanley increased their price target on e.l.f. Beauty from $118.00 to $162.00 and gave the company an “overweight” rating in a research note on Wednesday, August 2nd. DA Davidson raised their target price on shares of e.l.f. Beauty from $163.00 to $176.00 and gave the stock a “buy” rating in a research note on Thursday, September 7th. Finally, Truist Financial upped their price target on shares of e.l.f. Beauty from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, September 14th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, e.l.f. Beauty currently has an average rating of “Moderate Buy” and an average target price of $126.55.
e.l.f. Beauty Price Performance
Shares of ELF stock traded down $10.59 on Tuesday, reaching $112.41. The company had a trading volume of 1,260,499 shares, compared to its average volume of 1,030,064. The stock has a market capitalization of $6.12 billion, a PE ratio of 65.41, a price-to-earnings-growth ratio of 3.01 and a beta of 1.49. The company has a quick ratio of 2.48, a current ratio of 3.38 and a debt-to-equity ratio of 0.13. The business’s 50-day moving average is $125.00 and its 200 day moving average is $103.89. e.l.f. Beauty, Inc. has a one year low of $36.77 and a one year high of $139.85.
e.l.f. Beauty (NYSE:ELF – Get Free Report) last released its quarterly earnings data on Tuesday, August 1st. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.51. The company had revenue of $216.34 million for the quarter, compared to the consensus estimate of $184.92 million. e.l.f. Beauty had a return on equity of 26.43% and a net margin of 14.87%. Equities research analysts forecast that e.l.f. Beauty, Inc. will post 1.93 EPS for the current fiscal year.
Insider Buying and Selling at e.l.f. Beauty
In related news, CEO Tarang Amin sold 39,740 shares of the firm’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $113.80, for a total transaction of $4,522,412.00. Following the completion of the transaction, the chief executive officer now directly owns 252,792 shares of the company’s stock, valued at approximately $28,767,729.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other e.l.f. Beauty news, CEO Tarang Amin sold 39,740 shares of the business’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $113.80, for a total value of $4,522,412.00. Following the transaction, the chief executive officer now directly owns 252,792 shares of the company’s stock, valued at $28,767,729.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lauren Cooks Levitan sold 6,750 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $129.93, for a total value of $877,027.50. Following the completion of the sale, the director now directly owns 22,409 shares of the company’s stock, valued at approximately $2,911,601.37. The disclosure for this sale can be found here. In the last ninety days, insiders sold 162,821 shares of company stock worth $20,940,256. 5.20% of the stock is currently owned by company insiders.
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.
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