Aurora Investment Counsel Takes $294,000 Position in e.l.f. Beauty (NYSE:ELF)

Aurora Investment Counsel purchased a new position in shares of e.l.f. Beauty (NYSE:ELF - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,685 shares of the company's stock, valued at approximately $294,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of ELF. Champlain Investment Partners LLC increased its position in e.l.f. Beauty by 99.7% during the fourth quarter. Champlain Investment Partners LLC now owns 2,226,451 shares of the company's stock worth $279,531,000 after purchasing an additional 1,111,550 shares during the last quarter. William Blair Investment Management LLC increased its position in e.l.f. Beauty by 40.9% during the fourth quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company's stock worth $289,437,000 after purchasing an additional 669,321 shares during the last quarter. Aspex Management HK Ltd acquired a new position in e.l.f. Beauty during the fourth quarter worth approximately $73,576,000. AXA S.A. increased its position in e.l.f. Beauty by 2,074.4% during the fourth quarter. AXA S.A. now owns 394,005 shares of the company's stock worth $49,467,000 after purchasing an additional 375,885 shares during the last quarter. Finally, Generate Investment Management Ltd acquired a new position in e.l.f. Beauty during the first quarter worth approximately $21,650,000. Institutional investors and hedge funds own 92.44% of the company's stock.

e.l.f. Beauty Trading Down 4.6%

ELF opened at $110.10 on Monday. The stock has a market capitalization of $6.25 billion, a PE ratio of 57.05, a P/E/G ratio of 2.60 and a beta of 1.52. The firm's fifty day moving average price is $105.57 and its 200 day moving average price is $89.66. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.05 and a quick ratio of 2.00. e.l.f. Beauty has a 12-month low of $49.40 and a 12-month high of $210.88.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.06. The firm had revenue of $332.65 million for the quarter, compared to analysts' expectations of $327.45 million. e.l.f. Beauty had a net margin of 8.53% and a return on equity of 17.98%. The firm's quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 earnings per share. As a group, research analysts expect that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, insider Scott Milsten sold 1,442 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $114.78, for a total transaction of $165,512.76. Following the sale, the insider directly owned 117,394 shares of the company's stock, valued at approximately $13,474,483.32. This represents a 1.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mandy J. Fields sold 1,487 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $117.61, for a total transaction of $174,886.07. Following the sale, the insider directly owned 119,846 shares in the company, valued at $14,095,088.06. This trade represents a 1.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 327,207 shares of company stock valued at $25,252,926 in the last ninety days. 3.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ELF shares. Robert W. Baird upped their price target on shares of e.l.f. Beauty from $110.00 to $145.00 and gave the stock an "outperform" rating in a research report on Friday, June 6th. Truist Financial boosted their price objective on shares of e.l.f. Beauty from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, June 6th. Bank of America boosted their price objective on shares of e.l.f. Beauty from $113.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday, June 20th. Canaccord Genuity Group boosted their price objective on shares of e.l.f. Beauty from $114.00 to $150.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Finally, Raymond James Financial boosted their price objective on shares of e.l.f. Beauty from $95.00 to $105.00 and gave the stock a "strong-buy" rating in a research note on Thursday, May 29th. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, e.l.f. Beauty presently has an average rating of "Moderate Buy" and a consensus target price of $121.13.

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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