Caas Capital Management LP Has $295,000 Stock Position in e.l.f. Beauty (NYSE:ELF)

Caas Capital Management LP lifted its stake in shares of e.l.f. Beauty (NYSE:ELF - Free Report) by 1,466.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,700 shares of the company's stock after purchasing 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 SEC filing.

Other large investors also recently modified their holdings of the company. Nemes Rush Group LLC acquired a new stake in shares of e.l.f. Beauty during the 4th quarter worth $27,000. Orion Capital Management LLC acquired a new stake in shares of e.l.f. Beauty during the 4th quarter worth $30,000. Golden State Wealth Management LLC acquired a new stake in shares of e.l.f. Beauty during the 1st quarter worth $33,000. Horizon Investments LLC grew its holdings in shares of e.l.f. Beauty by 29.0% during the 4th quarter. Horizon Investments LLC now owns 742 shares of the company's stock worth $93,000 after purchasing an additional 167 shares in the last quarter. Finally, Covestor Ltd grew its holdings in shares of e.l.f. Beauty by 55.7% during the 4th quarter. Covestor Ltd now owns 928 shares of the company's stock worth $117,000 after purchasing an additional 332 shares in the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity at e.l.f. Beauty

In other news, CEO Tarang Amin sold 97,915 shares of the firm's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $53.36, for a total transaction of $5,224,744.40. Following the completion of the transaction, the chief executive officer directly owned 181,289 shares in the company, valued at $9,673,581.04. This trade represents a 35.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Scott Milsten sold 11,860 shares of the firm's 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 transaction, the insider owned 118,836 shares of the company's stock, valued at $13,732,688.16. This trade represents a 9.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 327,207 shares of company stock valued at $25,252,926 over the last ninety days. Insiders own 3.90% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ELF. JPMorgan Chase & Co. upped their price objective on e.l.f. Beauty from $70.00 to $123.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. 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 research report on Friday, June 6th. Jefferies Financial Group set a $115.00 price objective on e.l.f. Beauty and gave the stock a "buy" rating in a research report on Thursday, May 29th. B. Riley restated a "buy" rating and set a $150.00 price objective (up from $110.00) on shares of e.l.f. Beauty in a research report on Friday, June 13th. Finally, Bank of America upped their price objective on e.l.f. Beauty from $113.00 to $135.00 and gave the stock a "buy" rating in a research report on Friday, June 20th. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $121.13.

e.l.f. Beauty Trading Down 3.5%

e.l.f. Beauty stock traded down $3.81 during trading hours on Monday, hitting $106.17. The stock had a trading volume of 2,189,381 shares, compared to its average volume of 2,565,513. The company has a quick ratio of 2.00, a current ratio of 3.05 and a debt-to-equity ratio of 0.34. The stock has a market cap of $6.02 billion, a price-to-earnings ratio of 55.01, a P/E/G ratio of 2.60 and a beta of 1.52. e.l.f. Beauty has a one year low of $49.40 and a one year high of $210.88. The business's 50 day simple moving average is $105.57 and its 200-day simple moving average is $89.66.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its earnings results on Wednesday, May 28th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.72 by $0.06. e.l.f. Beauty had a return on equity of 17.98% and a net margin of 8.53%. The firm had revenue of $332.65 million during the quarter, compared to the consensus estimate of $327.45 million. During the same period last year, the company earned $0.53 earnings per share. The business's quarterly revenue was up 3.6% on a year-over-year basis. On average, equities analysts predict that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

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.