e.l.f. Beauty $ELF Shares Bought by Graham Capital Management L.P.

Key Points

• Graham Capital Management L.P. increased its stake in e.l.f. Beauty by 64.4%, owning a total of 12,839 shares worth approximately $806,000 following the purchase of an additional 5,029 shares in the first quarter.
• Over 92.44% of e.l.f. Beauty's stock is held by institutional investors, indicating significant institutional interest in the company.
• Analysts have a consensus rating of "Moderate Buy" for e.l.f. Beauty, with an average price target of $126.81, reflecting a positive outlook despite varying target price adjustments from different brokerages.

Graham Capital Management L.P. grew its stake in e.l.f. Beauty (NYSE:ELF - Free Report) by 64.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 12,839 shares of the company's stock after buying an additional 5,029 shares during the quarter. Graham Capital Management L.P.'s holdings in e.l.f. Beauty were worth $806,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in ELF. Champlain Investment Partners LLC grew its holdings in e.l.f. Beauty by 19.7% during the 1st quarter. Champlain Investment Partners LLC now owns 2,665,026 shares of the company's stock worth $167,337,000 after acquiring an additional 438,575 shares in the last quarter. Prime Capital Management Co Ltd increased its holdings in e.l.f. Beauty by 167.8% in the first quarter. Prime Capital Management Co Ltd now owns 604,535 shares of the company's stock valued at $37,959,000 after buying an additional 378,826 shares during the last quarter. Mackenzie Financial Corp raised its stake in e.l.f. Beauty by 68.0% in the first quarter. Mackenzie Financial Corp now owns 862,671 shares of the company's stock valued at $54,167,000 after buying an additional 349,024 shares in the last quarter. Generate Investment Management Ltd acquired a new stake in e.l.f. Beauty in the first quarter valued at $21,650,000. Finally, Congress Asset Management Co. lifted its holdings in e.l.f. Beauty by 53.7% during the 1st quarter. Congress Asset Management Co. now owns 938,970 shares of the company's stock worth $58,958,000 after buying an additional 327,980 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ELF has been the topic of a number of recent analyst reports. Canaccord Genuity Group dropped their price objective on e.l.f. Beauty from $150.00 to $128.00 and set a "buy" rating on the stock in a report on Thursday, August 7th. Piper Sandler assumed coverage on shares of e.l.f. Beauty in a research note on Thursday. They issued an "overweight" rating and a $150.00 price target on the stock. B. Riley restated a "buy" rating and set a $150.00 price objective (up previously from $110.00) on shares of e.l.f. Beauty in a research report on Friday, June 13th. 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 report on Friday, June 6th. Finally, Bank of America increased 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 research report on Friday, June 20th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, e.l.f. Beauty presently has a consensus rating of "Moderate Buy" and a consensus target price of $126.81.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, Director Lauren Cooks Levitan sold 4,630 shares of the firm's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $118.94, for a total transaction of $550,692.20. Following the transaction, the director directly owned 11,507 shares of the company's stock, valued at approximately $1,368,642.58. This trade represents a 28.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 3.90% of the company's stock.

e.l.f. Beauty Stock Performance

NYSE ELF traded up $0.36 on Friday, reaching $134.08. The stock had a trading volume of 2,399,615 shares, compared to its average volume of 2,115,771. The stock has a market cap of $7.95 billion, a P/E ratio of 78.87, a price-to-earnings-growth ratio of 3.29 and a beta of 1.59. e.l.f. Beauty has a 12-month low of $49.40 and a 12-month high of $147.33. The business's 50-day moving average price is $118.90 and its 200 day moving average price is $92.94. 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 (NYSE:ELF - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.05. The business had revenue of $353.74 million for the quarter, compared to analyst estimates of $348.99 million. e.l.f. Beauty had a net margin of 7.29% and a return on equity of 16.36%. The company's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the firm posted $1.10 earnings per share. As a group, equities analysts expect that e.l.f. Beauty will post 2.38 earnings per share for the current 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.