111 Capital Takes $1.17 Million Position in e.l.f. Beauty $ELF

Key Points

• 111 Capital acquired a new stake in e.l.f. Beauty, purchasing 9,423 shares valued at approximately $1.17 million during the second quarter.
• Analysts have given e.l.f. Beauty a consensus rating of "Moderate Buy", with price targets ranging from $130.00 to $160.00 from major firms like Bank of America and Raymond James.
• Insider trading activity reveals a significant sale, with Kory Marchisotto selling 10,812 shares for over $1.6 million, resulting in a 7.47% decrease in their stock position.

111 Capital purchased a new stake in e.l.f. Beauty (NYSE:ELF - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 9,423 shares of the company's stock, valued at approximately $1,173,000.

Several other large investors have also recently bought and sold shares of the stock. Golden State Wealth Management LLC bought a new position in shares of e.l.f. Beauty during the first quarter worth approximately $33,000. Larson Financial Group LLC lifted its holdings in shares of e.l.f. Beauty by 56.5% during the first quarter. Larson Financial Group LLC now owns 676 shares of the company's stock worth $42,000 after buying an additional 244 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of e.l.f. Beauty by 577.7% during the first quarter. Smartleaf Asset Management LLC now owns 759 shares of the company's stock worth $49,000 after buying an additional 647 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of e.l.f. Beauty by 27.9% during the first quarter. Signaturefd LLC now owns 858 shares of the company's stock worth $54,000 after buying an additional 187 shares in the last quarter. Finally, Brooklyn Investment Group lifted its holdings in shares of e.l.f. Beauty by 6,242.9% during the first quarter. Brooklyn Investment Group now owns 888 shares of the company's stock worth $56,000 after buying an additional 874 shares in the last quarter. 92.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Raymond James Financial reaffirmed a "strong-buy" rating and set a $155.00 price target (up from $140.00) on shares of e.l.f. Beauty in a research report on Monday, September 8th. JPMorgan Chase & Co. dropped their price target on shares of e.l.f. Beauty from $132.00 to $130.00 and set an "overweight" rating for the company in a research report on Thursday, August 7th. Truist Financial lifted their price target on shares of e.l.f. Beauty from $125.00 to $130.00 and gave the company a "buy" rating in a research report on Friday, June 6th. Weiss Ratings restated a "hold (c)" rating on shares of e.l.f. Beauty in a research note on Saturday, September 27th. Finally, Bank of America raised their price objective on e.l.f. Beauty from $135.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, September 17th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, e.l.f. Beauty currently has a consensus rating of "Moderate Buy" and a consensus target price of $134.60.

Insider Activity at e.l.f. Beauty

In related news, insider Kory Marchisotto sold 10,812 shares of e.l.f. Beauty stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $150.00, for a total transaction of $1,621,800.00. Following the sale, the insider directly owned 133,976 shares of the company's stock, valued at approximately $20,096,400. The trade was a 7.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Mandy J. Fields sold 5,298 shares of e.l.f. Beauty stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $150.21, for a total transaction of $795,812.58. Following the sale, the insider directly owned 58,856 shares in the company, valued at $8,840,759.76. This trade represents a 8.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 301,060 shares of company stock worth $40,994,733 in the last ninety days. Insiders own 3.90% of the company's stock.

e.l.f. Beauty Trading Down 0.8%

Shares of ELF opened at $134.88 on Friday. e.l.f. Beauty has a 52-week low of $49.40 and a 52-week high of $150.99. The business's fifty day moving average is $126.47 and its 200-day moving average is $102.04. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.34 and a current ratio of 3.26. The firm has a market cap of $8.00 billion, a price-to-earnings ratio of 79.34, a PEG ratio of 3.15 and a beta of 1.57.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. e.l.f. Beauty had a return on equity of 16.36% and a net margin of 7.29%.The company had revenue of $353.74 million for the quarter, compared to analyst estimates of $348.99 million. During the same quarter last year, the company posted $1.10 EPS. The company's revenue for the quarter was up 9.0% compared to the same quarter last year. Equities analysts anticipate that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

About e.l.f. Beauty

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.

Want to see what other hedge funds are holding ELF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for e.l.f. Beauty (NYSE:ELF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.