e.l.f. Beauty (NYSE:ELF) Stock Position Lifted by LPL Financial LLC

LPL Financial LLC boosted its holdings in e.l.f. Beauty (NYSE:ELF - Free Report) by 83.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 118,287 shares of the company's stock after purchasing an additional 53,669 shares during the quarter. LPL Financial LLC owned approximately 0.21% of e.l.f. Beauty worth $7,427,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Champlain Investment Partners LLC increased its stake in e.l.f. Beauty by 99.7% in the fourth quarter. Champlain Investment Partners LLC now owns 2,226,451 shares of the company's stock valued at $279,531,000 after purchasing an additional 1,111,550 shares during the last quarter. Congress Asset Management Co. increased its stake in e.l.f. Beauty by 53.7% in the first quarter. Congress Asset Management Co. now owns 938,970 shares of the company's stock valued at $58,958,000 after purchasing an additional 327,980 shares during the last quarter. Aspex Management HK Ltd acquired a new position in e.l.f. Beauty in the fourth quarter valued at $73,576,000. Mackenzie Financial Corp increased its stake in e.l.f. Beauty by 107.1% in the fourth quarter. Mackenzie Financial Corp now owns 513,647 shares of the company's stock valued at $64,488,000 after purchasing an additional 265,569 shares during the last quarter. Finally, Northern Trust Corp increased its stake in e.l.f. Beauty by 20.8% in the fourth quarter. Northern Trust Corp now owns 465,786 shares of the company's stock valued at $58,479,000 after purchasing an additional 80,175 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ELF shares. Truist Financial upped their target price on e.l.f. Beauty from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, June 6th. Jefferies Financial Group set a $115.00 price target on e.l.f. Beauty and gave the stock a "buy" rating in a research note on Thursday, May 29th. Raymond James Financial upped their price target on 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. Morgan Stanley upgraded e.l.f. Beauty from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $114.00 to $134.00 in a research note on Monday. Finally, The Goldman Sachs Group upped their price target on e.l.f. Beauty from $120.00 to $137.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Three investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $123.81.

Insider Transactions at e.l.f. Beauty

In related news, insider Kory Marchisotto sold 11,860 shares of the stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $115.56, for a total value of $1,370,541.60. Following the completion of the transaction, the insider owned 159,799 shares of the company's stock, valued at approximately $18,466,372.44. This represents a 6.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Scott Milsten sold 11,860 shares of the stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $115.56, for a total value of $1,370,541.60. Following the completion of the transaction, the insider directly owned 118,836 shares of the company's stock, valued at $13,732,688.16. This represents a 9.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 126,589 shares of company stock valued at $14,547,949 in the last three months. 3.90% of the stock is currently owned by company insiders.

e.l.f. Beauty Stock Down 0.4%

Shares of ELF stock traded down $0.51 during trading hours on Friday, reaching $119.09. The company had a trading volume of 208,813 shares, compared to its average volume of 2,703,046. 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 twelve month low of $49.40 and a twelve month high of $172.49. The company has a market capitalization of $7.06 billion, a P/E ratio of 70.05, a price-to-earnings-growth ratio of 3.03 and a beta of 1.57. The stock's fifty day simple moving average is $118.85 and its 200 day simple moving average is $88.48.

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

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.