e.l.f. Beauty (NYSE:ELF) Shares Sold by Jennison Associates LLC

Jennison Associates LLC lowered its stake in shares of e.l.f. Beauty (NYSE:ELF - Free Report) by 48.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 314,768 shares of the company's stock after selling 301,031 shares during the quarter. Jennison Associates LLC owned approximately 0.56% of e.l.f. Beauty worth $19,764,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of ELF. Nemes Rush Group LLC purchased a new position in shares of e.l.f. Beauty in the 4th quarter valued at about $27,000. Orion Capital Management LLC bought a new stake in shares of e.l.f. Beauty in the 4th quarter valued at approximately $30,000. Golden State Wealth Management LLC bought a new stake in shares of e.l.f. Beauty in the 1st quarter valued at $33,000. Larson Financial Group LLC raised its position in shares of e.l.f. Beauty by 56.5% in 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 in the last quarter. Finally, Signaturefd LLC raised its position in e.l.f. Beauty by 27.9% during the first quarter. Signaturefd LLC now owns 858 shares of the company's stock valued at $54,000 after purchasing an additional 187 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

e.l.f. Beauty Trading Up 0.5%

Shares of ELF traded up $0.56 on Thursday, reaching $118.22. 440,747 shares of the company's stock were exchanged, compared to its average volume of 2,725,575. e.l.f. Beauty has a 12 month low of $49.40 and a 12 month high of $190.38. The company has a current ratio of 3.05, a quick ratio of 2.00 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $6.71 billion, a P/E ratio of 61.25, a price-to-earnings-growth ratio of 2.76 and a beta of 1.52. The business has a 50 day moving average price of $112.14 and a two-hundred day moving average price of $89.40.

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

Analyst Ratings Changes

A number of research analysts have weighed in on ELF shares. Canaccord Genuity Group lifted their price target on shares of e.l.f. Beauty from $114.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Raymond James Financial increased their target price on e.l.f. Beauty from $95.00 to $105.00 and gave the company a "strong-buy" rating in a research report on Thursday, May 29th. B. Riley restated a "buy" rating and set a $150.00 target price (up from $110.00) on shares of e.l.f. Beauty in a report on Friday, June 13th. UBS Group boosted their target price on e.l.f. Beauty from $95.00 to $120.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Finally, Morgan Stanley boosted their target price on e.l.f. Beauty from $70.00 to $105.00 and gave the stock an "equal weight" rating in a report on Thursday, May 29th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $123.38.

Insider Buying and Selling at e.l.f. Beauty

In other e.l.f. Beauty news, insider Kory Marchisotto sold 11,860 shares of the firm's stock in a transaction that occurred on 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 sale, the insider directly owned 159,799 shares of the company's stock, valued at approximately $18,466,372.44. This trade represents a 6.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Tarang Amin sold 24,533 shares of the company's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $115.56, for a total value of $2,835,033.48. Following the completion of the transaction, the chief executive officer directly owned 188,991 shares in the company, valued at approximately $21,839,799.96. This trade represents a 11.49% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 126,589 shares of company stock worth $14,547,949. Insiders own 3.90% of the company's stock.

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.