Compound Global Advisors LLC Takes $584,000 Position in e.l.f. Beauty (NYSE:ELF)

Compound Global Advisors LLC acquired a new stake in shares of e.l.f. Beauty (NYSE:ELF - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 9,699 shares of the company's stock, valued at approximately $584,000. e.l.f. Beauty accounts for about 3.4% of Compound Global Advisors LLC's portfolio, making the stock its 10th largest holding.

Several other institutional investors have also recently made changes to their positions in the stock. Nemes Rush Group LLC purchased a new position in shares of e.l.f. Beauty during the 4th quarter valued at $27,000. Orion Capital Management LLC bought a new position in shares of e.l.f. Beauty in the fourth quarter worth about $30,000. Promus Capital LLC bought a new position in shares of e.l.f. Beauty in the fourth quarter worth about $31,000. Golden State Wealth Management LLC purchased a new stake in shares of e.l.f. Beauty during the first quarter worth about $33,000. Finally, Horizon Investments LLC raised its stake in e.l.f. Beauty by 29.0% during the 4th quarter. Horizon Investments LLC now owns 742 shares of the company's stock valued at $93,000 after purchasing an additional 167 shares during the period. Institutional investors own 92.44% of the company's stock.

e.l.f. Beauty Stock Up 2.2%

Shares of e.l.f. Beauty stock traded up $2.84 during trading on Wednesday, reaching $129.51. The company's stock had a trading volume of 1,483,825 shares, compared to its average volume of 2,531,919. e.l.f. Beauty has a 1-year low of $49.40 and a 1-year high of $219.77. The company has a 50-day simple moving average of $96.00 and a two-hundred day simple moving average of $90.49. The company has a quick ratio of 2.00, a current ratio of 3.05 and a debt-to-equity ratio of 0.34. The company has a market cap of $7.30 billion, a price-to-earnings ratio of 67.10, a P/E/G ratio of 2.95 and a beta of 1.52.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The company reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.06. e.l.f. Beauty had a net margin of 8.53% and a return on equity of 17.98%. The firm had revenue of $332.65 million for the quarter, compared to analyst estimates of $327.45 million. During the same period in the previous year, the company earned $0.53 earnings per share. The business's quarterly revenue was up 3.6% compared to the same quarter last year. As a group, equities analysts forecast that e.l.f. Beauty will post 2.38 earnings per share for the current year.

Insider Activity

In other news, CEO Tarang Amin sold 2,405 shares of the company's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $117.61, for a total value of $282,852.05. Following the sale, the chief executive officer owned 186,586 shares in the company, valued at $21,944,379.46. This represents a 1.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Joshua Allen Franks sold 1,496 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $117.61, for a total value of $175,944.56. Following the sale, the senior vice president directly owned 120,471 shares in the company, valued at approximately $14,168,594.31. This trade represents a 1.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 327,207 shares of company stock valued at $25,252,926. 3.50% of the stock is owned by insiders.

Analyst Ratings Changes

ELF has been the subject of several research analyst reports. Piper Sandler reaffirmed an "overweight" rating and set a $109.00 target price (up from $81.00) on shares of e.l.f. Beauty in a research note on Thursday, May 29th. Bank of America increased their price objective on shares of e.l.f. Beauty from $113.00 to $135.00 and gave the company a "buy" rating in a research report on Friday, June 20th. UBS Group increased their price target 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. Robert W. Baird boosted their price objective on e.l.f. Beauty from $110.00 to $145.00 and gave the stock an "outperform" rating in a research note on Friday, June 6th. Finally, B. Riley restated a "buy" rating and set a $150.00 price objective (up from $110.00) on shares of e.l.f. Beauty in a research report on Friday, June 13th. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $118.88.

e.l.f. Beauty Company 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.