Concurrent Investment Advisors LLC Makes New Investment in e.l.f. Beauty $ELF

Concurrent Investment Advisors LLC purchased a new position in e.l.f. Beauty (NYSE:ELF - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,698 shares of the company's stock, valued at approximately $336,000.

A number of other hedge funds have also modified their holdings of ELF. Golden State Wealth Management LLC bought a new position in shares of e.l.f. Beauty in the first quarter worth approximately $33,000. Larson Financial Group LLC boosted its position in shares of e.l.f. Beauty by 56.5% in the first quarter. Larson Financial Group LLC now owns 676 shares of the company's stock worth $42,000 after purchasing an additional 244 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of e.l.f. Beauty by 577.7% in the first quarter. Smartleaf Asset Management LLC now owns 759 shares of the company's stock worth $49,000 after purchasing an additional 647 shares during the period. Signaturefd LLC boosted its position in shares of e.l.f. Beauty by 27.9% in the first quarter. Signaturefd LLC now owns 858 shares of the company's stock worth $54,000 after purchasing an additional 187 shares during the period. Finally, Brooklyn Investment Group boosted its position in shares of e.l.f. Beauty by 6,242.9% in the first quarter. Brooklyn Investment Group now owns 888 shares of the company's stock worth $56,000 after purchasing an additional 874 shares during the period. 92.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ELF. JPMorgan Chase & Co. upped their target price on shares of e.l.f. Beauty from $130.00 to $168.00 and gave the stock an "overweight" rating in a research report on Friday, October 10th. The Goldman Sachs Group upped their target price on shares of e.l.f. Beauty from $137.00 to $155.00 and gave the stock a "buy" rating in a research report on Thursday, October 2nd. Weiss Ratings restated a "hold (c)" rating on shares of e.l.f. Beauty in a research report on Wednesday, October 8th. Canaccord Genuity Group set a $165.00 target price on shares of e.l.f. Beauty in a research report on Tuesday, September 9th. Finally, B. Riley upped their target price on shares of e.l.f. Beauty from $150.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, September 10th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $142.07.

e.l.f. Beauty Price Performance

ELF stock opened at $136.66 on Monday. e.l.f. Beauty has a 52 week low of $49.40 and a 52 week high of $150.99. The company has a quick ratio of 2.34, a current ratio of 3.26 and a debt-to-equity ratio of 0.32. The company has a fifty day simple moving average of $131.05 and a two-hundred day simple moving average of $107.71. The firm has a market capitalization of $8.11 billion, a P/E ratio of 80.39, a price-to-earnings-growth ratio of 3.17 and a beta of 1.57.

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

Insider Transactions at e.l.f. Beauty

In other news, insider Scott Milsten sold 15,000 shares of the firm's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $150.23, for a total value of $2,253,450.00. Following the completion of the sale, the insider owned 97,406 shares in the company, valued at approximately $14,633,303.38. This trade represents a 13.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mandy J. Fields sold 5,298 shares of the firm's stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $150.21, for a total transaction of $795,812.58. Following the completion of the sale, the insider owned 58,856 shares of the company's stock, valued at $8,840,759.76. This trade represents a 8.26% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 301,060 shares of company stock worth $40,994,733. 3.90% of the stock is currently owned by insiders.

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.

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