Oppenheimer Asset Management Inc. Purchases 11,731 Shares of e.l.f. Beauty (NYSE:ELF)

Oppenheimer Asset Management Inc. boosted its position in e.l.f. Beauty (NYSE:ELF - Free Report) by 36.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,955 shares of the company's stock after purchasing an additional 11,731 shares during the quarter. Oppenheimer Asset Management Inc. owned approximately 0.08% of e.l.f. Beauty worth $2,760,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nemes Rush Group LLC bought a new position in shares of e.l.f. Beauty in the 4th quarter worth about $27,000. Orion Capital Management LLC purchased a new stake in e.l.f. Beauty in the fourth quarter worth about $30,000. Promus Capital LLC bought a new position in shares of e.l.f. Beauty during the fourth quarter valued at approximately $31,000. Horizon Investments LLC lifted its holdings in shares of e.l.f. Beauty by 29.0% during the fourth quarter. Horizon Investments LLC now owns 742 shares of the company's stock valued at $93,000 after purchasing an additional 167 shares during the last quarter. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych purchased a new position in shares of e.l.f. Beauty during the fourth quarter valued at approximately $94,000. Hedge funds and other institutional investors own 92.44% of the company's stock.

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

In other e.l.f. Beauty news, insider Scott Milsten sold 11,860 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 $1,370,541.60. Following the completion of the sale, the insider now owns 118,836 shares of the company's stock, valued at approximately $13,732,688.16. The trade was a 9.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Tarang Amin sold 97,915 shares of the company's stock in a transaction dated Monday, April 21st. The stock was 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 now owns 181,289 shares of the company's stock, valued at approximately $9,673,581.04. The trade was a 35.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 327,207 shares of company stock worth $25,252,926 in the last three months. 3.50% of the stock is currently owned by company insiders.

e.l.f. Beauty Stock Performance

e.l.f. Beauty stock traded down $1.45 during midday trading on Friday, reaching $123.44. 265,217 shares of the company traded hands, compared to its average volume of 2,850,980. e.l.f. Beauty has a 12 month low of $49.40 and a 12 month high of $219.77. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.05 and a quick ratio of 2.00. The business has a 50 day moving average of $91.67 and a two-hundred day moving average of $91.05. The firm has a market capitalization of $6.95 billion, a price-to-earnings ratio of 63.96, a price-to-earnings-growth ratio of 2.97 and a beta of 1.52.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The company reported $0.78 earnings per share 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 for the quarter, compared to analysts' expectations of $327.45 million. During the same period in the prior year, the firm earned $0.53 EPS. The company's revenue was up 3.6% compared to the same quarter last year. As a group, research analysts predict that e.l.f. Beauty will post 2.38 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Morgan Stanley raised their price objective on e.l.f. Beauty from $70.00 to $105.00 and gave the company an "equal weight" rating in a research report on Thursday, May 29th. JPMorgan Chase & Co. increased their target price on e.l.f. Beauty from $70.00 to $123.00 and gave the stock an "overweight" rating in a research note on Friday, May 30th. Truist Financial raised their price target on e.l.f. Beauty from $125.00 to $130.00 and gave the company a "buy" rating in a report on Friday, June 6th. Bank of America upped their price target on shares of e.l.f. Beauty from $113.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday, June 20th. Finally, Robert W. Baird increased their price objective on shares of e.l.f. Beauty from $110.00 to $145.00 and gave the company an "outperform" rating in a research report on Friday, June 6th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $118.88.

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.