Caas Capital Management LP Purchases 4,400 Shares of e.l.f. Beauty (NYSE:ELF)

Caas Capital Management LP grew its position in shares of e.l.f. Beauty (NYSE:ELF - Free Report) by 1,466.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,700 shares of the company's stock after acquiring an additional 4,400 shares during the quarter. Caas Capital Management LP's holdings in e.l.f. Beauty were worth $295,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the stock. Nemes Rush Group LLC acquired a new stake in shares of e.l.f. Beauty during the fourth quarter valued at approximately $27,000. Orion Capital Management LLC acquired a new position in e.l.f. Beauty in the 4th quarter valued at approximately $30,000. Golden State Wealth Management LLC acquired a new position in e.l.f. Beauty in the 1st quarter valued at approximately $33,000. Horizon Investments LLC grew its position in e.l.f. Beauty by 29.0% in the fourth quarter. Horizon Investments LLC now owns 742 shares of the company's stock worth $93,000 after acquiring an additional 167 shares in the last quarter. Finally, Covestor Ltd grew its position in e.l.f. Beauty by 55.7% in the fourth quarter. Covestor Ltd now owns 928 shares of the company's stock worth $117,000 after acquiring an additional 332 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company's stock.

Analysts Set New Price Targets

ELF has been the subject of several recent analyst reports. Bank of America upped their price objective on shares of e.l.f. Beauty from $113.00 to $135.00 and gave the stock a "buy" rating in a report on Friday, June 20th. Robert W. Baird upped their target price on shares of e.l.f. Beauty from $110.00 to $145.00 and gave the company an "outperform" rating in a research note on Friday, June 6th. DA Davidson cut their target price on shares of e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Truist Financial upped their target price 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. Finally, UBS Group upped their target price on shares of e.l.f. Beauty from $59.00 to $84.00 and gave the company a "neutral" rating in a research note on Wednesday, May 21st. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $121.13.

Insider Transactions at e.l.f. Beauty

In other news, CEO Tarang Amin sold 97,915 shares of the business's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $53.36, for a total value of $5,224,744.40. Following the completion of the sale, the chief executive officer owned 181,289 shares of the company's stock, valued at approximately $9,673,581.04. The trade was a 35.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Kory Marchisotto sold 51,350 shares of the business's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $53.36, for a total transaction of $2,740,036.00. Following the completion of the sale, the insider directly owned 152,492 shares of the company's stock, valued at approximately $8,136,973.12. The trade was a 25.19% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 327,207 shares of company stock valued at $25,252,926. Corporate insiders own 3.50% of the company's stock.

e.l.f. Beauty Stock Down 4.6%

Shares of NYSE ELF traded down $5.27 during midday trading on Friday, reaching $110.10. The company's stock had a trading volume of 2,011,960 shares, compared to its average volume of 2,564,319. The company has a current ratio of 3.05, a quick ratio of 2.00 and a debt-to-equity ratio of 0.34. e.l.f. Beauty has a fifty-two week low of $49.40 and a fifty-two week high of $219.77. The stock has a market capitalization of $6.25 billion, a price-to-earnings ratio of 57.05, a PEG ratio of 2.73 and a beta of 1.52. The stock has a 50 day simple moving average of $104.73 and a 200-day simple moving average of $90.39.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its earnings results on Wednesday, May 28th. The company reported $0.78 earnings per share for the quarter, topping 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 business had revenue of $332.65 million for the quarter, compared to the consensus estimate of $327.45 million. During the same period in the previous year, the company earned $0.53 earnings per share. The firm's revenue for the quarter was up 3.6% on a year-over-year basis. Equities research analysts predict that e.l.f. Beauty will post 2.38 earnings per share 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.