Brooklyn FI LLC purchased a new stake in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,359 shares of the company's stock, valued at approximately $422,000.
Other institutional investors have also added to or reduced their stakes in the company. Nemes Rush Group LLC acquired a new position in shares of e.l.f. Beauty in the 4th quarter valued at $27,000. Orion Capital Management LLC purchased a new stake in e.l.f. Beauty during the 4th quarter valued at about $30,000. Promus Capital LLC purchased a new stake in e.l.f. Beauty during the 4th quarter valued at about $31,000. Kestra Investment Management LLC acquired a new position in shares of e.l.f. Beauty in the fourth quarter valued at about $32,000. Finally, Financial Life Planners purchased a new position in shares of e.l.f. Beauty in the fourth quarter worth about $46,000. Institutional investors and hedge funds own 92.44% of the company's stock.
e.l.f. Beauty Price Performance
NYSE ELF traded up $0.77 during trading hours on Friday, reaching $112.61. The company's stock had a trading volume of 5,858,897 shares, compared to its average volume of 2,497,698. The firm has a market capitalization of $6.35 billion, a price-to-earnings ratio of 66.63, a P/E/G ratio of 6.76 and a beta of 1.31. The company's 50-day moving average is $67.23 and its two-hundred day moving average is $91.87. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17. e.l.f. Beauty, Inc. has a 1-year low of $49.40 and a 1-year high of $219.77.
e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its earnings results on Wednesday, May 28th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.06. e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. The business had revenue of $332.65 million during the quarter, compared to the consensus estimate of $327.45 million. During the same period in the prior year, the company posted $0.53 EPS. The business's quarterly revenue was up 3.6% on a year-over-year basis. On average, equities analysts predict that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.
Wall Street Analysts Forecast Growth
ELF has been the topic of a number of recent research reports. Jefferies Financial Group set a $115.00 target price on e.l.f. Beauty and gave the company a "buy" rating in a research report on Thursday. UBS Group upped their price objective on shares of e.l.f. Beauty from $59.00 to $84.00 and gave the company a "neutral" rating in a report on Wednesday, May 21st. Piper Sandler reissued an "overweight" rating and set a $109.00 target price (up previously from $81.00) on shares of e.l.f. Beauty in a report on Thursday. Stifel Nicolaus decreased their target price on shares of e.l.f. Beauty from $115.00 to $105.00 and set a "hold" rating for the company in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. increased their price target on e.l.f. Beauty from $70.00 to $123.00 and gave the stock an "overweight" rating in a research report on Friday. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $117.76.
Check Out Our Latest Analysis on e.l.f. Beauty
Insider Activity
In other news, Director Maureen C. Watson sold 4,000 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $67.39, for a total value of $269,560.00. Following the sale, the director now directly owns 1,888 shares of the company's stock, valued at $127,232.32. The trade was a 67.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jennifer Catherine Hartnett sold 18,383 shares of the stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $109.99, for a total value of $2,021,946.17. Following the completion of the transaction, the insider now directly owns 54,163 shares of the company's stock, valued at approximately $5,957,388.37. This represents a 25.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 223,001 shares of company stock worth $12,996,483 over the last 90 days. 3.50% of the stock is currently owned by company insiders.
About e.l.f. Beauty
(
Free Report)
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.
Further Reading
Before you consider e.l.f. Beauty, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and e.l.f. Beauty wasn't on the list.
While e.l.f. Beauty currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
