e.l.f. Beauty (NYSE:ELF) is Ibex Investors LLC's 7th Largest Position

Key Points

• Ibex Investors LLC significantly increased its stake in e.l.f. Beauty by 650% in Q1, now owning 13,500 shares valued at approximately $848,000, making it the firm's 7th largest position.
• Insider trading activity includes CEO Tarang Amin selling 24,533 shares and insider Kory Marchisotto selling 11,860 shares, both transactions resulting in a reduction of their ownership in the company.
• Analysts have given e.l.f. Beauty a Moderate Buy rating, with price targets ranging from $105.00 to $150.00, reflecting positive sentiment about the company's performance and growth potential.

Ibex Investors LLC lifted its position in shares of e.l.f. Beauty (NYSE:ELF - Free Report) by 650.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 13,500 shares of the company's stock after acquiring an additional 11,700 shares during the quarter. e.l.f. Beauty makes up 1.1% of Ibex Investors LLC's investment portfolio, making the stock its 7th largest position. Ibex Investors LLC's holdings in e.l.f. Beauty were worth $848,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nemes Rush Group LLC purchased a new stake in e.l.f. Beauty during the fourth quarter valued at about $27,000. Orion Capital Management LLC bought a new position in shares of e.l.f. Beauty during the fourth quarter valued at $30,000. Golden State Wealth Management LLC purchased a new stake in shares of e.l.f. Beauty during the 1st quarter valued at about $33,000. Larson Financial Group LLC grew its position in e.l.f. Beauty by 56.5% during the first quarter. Larson Financial Group LLC now owns 676 shares of the company's stock valued at $42,000 after buying an additional 244 shares during the period. Finally, Signaturefd LLC lifted 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 valued at $54,000 after acquiring an additional 187 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors.

Insider Transactions at e.l.f. Beauty

In other news, SVP Joshua Allen Franks sold 1,496 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $117.61, for a total transaction of $175,944.56. Following the sale, the senior vice president owned 120,471 shares of the company's stock, valued at approximately $14,168,594.31. This represents a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Scott Milsten sold 1,442 shares of e.l.f. Beauty stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $114.78, for a total value of $165,512.76. Following the sale, the insider directly owned 117,394 shares of the company's stock, valued at $13,474,483.32. This trade represents a 1.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 126,589 shares of company stock worth $14,547,949. 3.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ELF has been the topic of several recent research reports. JPMorgan Chase & Co. increased their target price on e.l.f. Beauty from $123.00 to $132.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Truist Financial raised their price target on shares of 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. B. Riley reaffirmed a "buy" rating and issued a $150.00 price target (up previously from $110.00) on shares of e.l.f. Beauty in a report on Friday, June 13th. Raymond James Financial boosted their target price 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. Finally, Bank of America lifted their target price on shares of e.l.f. Beauty from $113.00 to $135.00 and gave the company a "buy" rating in a report on Friday, June 20th. Five research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $123.94.

e.l.f. Beauty Stock Down 1.7%

NYSE:ELF traded down $2.15 during mid-day trading on Thursday, hitting $121.13. 488,919 shares of the company's stock traded hands, compared to its average volume of 2,677,299. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.00 and a current ratio of 3.05. e.l.f. Beauty has a twelve month low of $49.40 and a twelve month high of $190.38. The company has a market capitalization of $6.87 billion, a P/E ratio of 62.56, a P/E/G ratio of 2.84 and a beta of 1.52. The company has a fifty day moving average of $116.28 and a 200 day moving average of $89.20.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its quarterly earnings data 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. e.l.f. Beauty had a net margin of 8.53% and a return on equity of 17.98%. The business had revenue of $332.65 million for the quarter, compared to the consensus estimate of $327.45 million. During the same period last year, the firm posted $0.53 earnings per share. The company's revenue was up 3.6% compared to the same quarter last year. On average, analysts forecast that e.l.f. Beauty will post 2.38 EPS for the current year.

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.