3,976 Shares in e.l.f. Beauty $ELF Purchased by Ballentine Partners LLC

Key Points

• Ballentine Partners LLC acquired 3,976 shares of e.l.f. Beauty, valued at approximately $495,000, marking a new position in the stock during the 2nd quarter.
• e.l.f. Beauty's stock has seen significant analyst activity, with UBS Group lowering its price target from $120.00 to $112.00, while other firms like Bank of America increased their price target to $160.00.
• Insider transactions include Director Lauren Cooks Levitan selling 4,630 shares for approximately $550,000, indicating a decrease in her ownership position by 28.69%.

Ballentine Partners LLC bought a new position in shares of e.l.f. Beauty (NYSE:ELF - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 3,976 shares of the company's stock, valued at approximately $495,000.

Several other hedge funds have also recently bought and sold shares of ELF. Golden State Wealth Management LLC acquired a new stake in e.l.f. Beauty in the 1st quarter valued at about $33,000. Parallel Advisors LLC raised its position in e.l.f. Beauty by 167.9% in the 2nd quarter. Parallel Advisors LLC now owns 627 shares of the company's stock valued at $78,000 after purchasing an additional 393 shares in the last quarter. Larson Financial Group LLC raised its position in e.l.f. Beauty by 56.5% in the 1st quarter. Larson Financial Group LLC now owns 676 shares of the company's stock valued at $42,000 after purchasing an additional 244 shares in the last quarter. Smartleaf Asset Management LLC raised its position in e.l.f. Beauty by 577.7% in the 1st quarter. Smartleaf Asset Management LLC now owns 759 shares of the company's stock valued at $49,000 after purchasing an additional 647 shares in the last quarter. Finally, Signaturefd LLC raised its position in e.l.f. Beauty by 27.9% in the 1st quarter. Signaturefd LLC now owns 858 shares of the company's stock valued at $54,000 after purchasing an additional 187 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company's stock.

Analyst Upgrades and Downgrades

ELF has been the topic of a number of analyst reports. UBS Group reduced their price target on e.l.f. Beauty from $120.00 to $112.00 and set a "neutral" rating on the stock in a research report on Thursday, August 7th. Robert W. Baird increased their price target on e.l.f. Beauty from $110.00 to $145.00 and gave the company an "outperform" rating in a research report on Friday, June 6th. Truist Financial increased their price objective on e.l.f. Beauty from $125.00 to $130.00 and gave the company a "buy" rating in a report on Friday, June 6th. Bank of America increased their price objective on e.l.f. Beauty from $135.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday, September 17th. Finally, Morgan Stanley upgraded e.l.f. Beauty from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $114.00 to $134.00 in a report on Monday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $133.40.

e.l.f. Beauty Trading Down 0.5%

ELF opened at $129.99 on Friday. The business's 50-day simple moving average is $124.78 and its 200-day simple moving average is $99.69. The company has a market cap of $7.71 billion, a P/E ratio of 76.47, a PEG ratio of 3.03 and a beta of 1.59. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.34 and a current ratio of 3.26. e.l.f. Beauty has a one year low of $49.40 and a one year high of $150.99.

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

Insider Activity

In related news, Director Lauren Cooks Levitan sold 4,630 shares of the firm's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $118.94, for a total transaction of $550,692.20. Following the transaction, the director owned 11,507 shares in the company, valued at $1,368,642.58. This trade represents a 28.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Kory Marchisotto sold 13,515 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $140.10, for a total value of $1,893,451.50. Following the transaction, the insider owned 144,788 shares in the company, valued at $20,284,798.80. This represents a 8.54% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 184,745 shares of company stock worth $25,613,238 over the last ninety days. 3.90% of the stock is owned by corporate insiders.

e.l.f. Beauty Profile

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.

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