e.l.f. Beauty (NYSE:ELF) Stake Increased by Caitong International Asset Management Co. Ltd

Key Points

• Caitong International Asset Management Co. Ltd increased its stake in e.l.f. Beauty by 912.2% in Q1, acquiring a total of 5,810 shares, valued at approximately $365,000.
• Insider sales include senior vice president Joshua Allen Franks and CEO Tarang Amin, who sold shares worth over $4.2 million combined, resulting in decreases of 8.86% and 11.49% in their ownership respectively.
• e.l.f. Beauty reported a 9% year-over-year revenue increase, reaching $353.74 million in its latest quarterly earnings, exceeding analysts' estimates.

Caitong International Asset Management Co. Ltd lifted its position in shares of e.l.f. Beauty (NYSE:ELF - Free Report) by 912.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 5,810 shares of the company's stock after acquiring an additional 5,236 shares during the period. Caitong International Asset Management Co. Ltd's holdings in e.l.f. Beauty were worth $365,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of ELF. 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 bought a new stake in e.l.f. Beauty in the 1st quarter valued at approximately $33,000. Larson Financial Group LLC raised its stake in shares of e.l.f. Beauty by 56.5% during the 1st quarter. Larson Financial Group LLC now owns 676 shares of the company's stock worth $42,000 after purchasing an additional 244 shares in the last quarter. Signaturefd LLC raised its stake in e.l.f. Beauty by 27.9% in the 1st quarter. Signaturefd LLC now owns 858 shares of the company's stock valued at $54,000 after acquiring an additional 187 shares during the period. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in e.l.f. Beauty during the 1st quarter worth $69,000. Institutional investors and hedge funds own 92.44% of the company's stock.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 11,860 shares of e.l.f. Beauty stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $115.56, for a total transaction of $1,370,541.60. Following the completion of the transaction, the senior vice president directly owned 121,967 shares of the company's stock, valued at $14,094,506.52. The trade was a 8.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Tarang Amin sold 24,533 shares of the business's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $115.56, for a total transaction of $2,835,033.48. Following the completion of the transaction, the chief executive officer owned 188,991 shares of the company's stock, valued at $21,839,799.96. This represents a 11.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 126,589 shares of company stock worth $14,547,949. 3.90% of the stock is currently owned by corporate insiders.

e.l.f. Beauty Trading Up 4.5%

NYSE ELF opened at $116.73 on Wednesday. The stock has a market capitalization of $6.62 billion, a price-to-earnings ratio of 68.67, a PEG ratio of 2.72 and a beta of 1.57. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.26 and a quick ratio of 2.34. The business's fifty day moving average is $118.65 and its 200-day moving average is $88.14. e.l.f. Beauty has a one year low of $49.40 and a one year high of $172.49.

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered their price objective on e.l.f. Beauty from $132.00 to $130.00 and set an "overweight" rating for the company in a research report on Thursday, August 7th. Truist Financial upped their price objective on e.l.f. Beauty from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Friday, June 6th. The Goldman Sachs Group increased their target price on e.l.f. Beauty from $120.00 to $137.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Piper Sandler restated an "overweight" rating and issued a $109.00 price objective (up from $81.00) on shares of e.l.f. Beauty in a research report on Thursday, May 29th. Finally, B. Riley restated a "buy" rating and set a $150.00 target price (up previously from $110.00) on shares of e.l.f. Beauty in a research report on Friday, June 13th. Three analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $123.81.

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.

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