Oppenheimer Asset Management Inc. Increases Stock Position in e.l.f. Beauty (NYSE:ELF)

Oppenheimer Asset Management Inc. increased its holdings in e.l.f. Beauty (NYSE:ELF - Free Report) by 36.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 43,955 shares of the company's stock after acquiring 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 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ELF. Nemes Rush Group LLC bought a new position in e.l.f. Beauty in the 4th quarter worth approximately $27,000. Orion Capital Management LLC acquired a new stake in e.l.f. Beauty during the 4th quarter valued at $30,000. Promus Capital LLC acquired a new position in shares of e.l.f. Beauty in the fourth quarter worth $31,000. Horizon Investments LLC increased its position in e.l.f. Beauty by 29.0% during the fourth quarter. Horizon Investments LLC now owns 742 shares of the company's stock worth $93,000 after buying an additional 167 shares during the last quarter. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych acquired a new position in e.l.f. Beauty during the fourth quarter worth $94,000. 92.44% of the stock is owned by institutional investors.

e.l.f. Beauty Stock Up 1.2%

NYSE:ELF traded up $1.49 during trading hours on Friday, reaching $126.38. The company had a trading volume of 2,435,740 shares, compared to its average volume of 2,542,126. 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 firm has a market cap of $7.12 billion, a price-to-earnings ratio of 65.48, a P/E/G ratio of 2.99 and a beta of 1.51. The business's 50-day simple moving average is $93.15 and its two-hundred day simple moving average is $90.35. e.l.f. Beauty has a twelve month low of $49.40 and a twelve month high of $219.77.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The company reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.06. The business had revenue of $332.65 million during 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 company posted $0.53 earnings per share. On average, equities analysts expect that e.l.f. Beauty will post 2.38 earnings per share for the current year.

Analyst Ratings Changes

ELF has been the subject of a number of recent analyst reports. Robert W. Baird upped their price target 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. DA Davidson decreased their price target on shares of e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Raymond James Financial upped their price target on shares of e.l.f. Beauty from $95.00 to $105.00 and gave the company a "strong-buy" rating in a report on Thursday, May 29th. UBS Group increased their price target on shares of e.l.f. Beauty from $59.00 to $84.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 21st. Finally, Truist Financial raised their price objective on shares of e.l.f. Beauty from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Friday, June 6th. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, e.l.f. Beauty presently has a consensus rating of "Moderate Buy" and an average price target of $118.88.

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

In related news, CEO Tarang Amin sold 97,915 shares of the business's stock in a transaction that occurred on Monday, April 21st. The shares were 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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Joshua Allen Franks sold 51,353 shares of e.l.f. Beauty stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $53.36, for a total transaction of $2,740,196.08. Following the sale, the senior vice president now owns 114,660 shares of the company's stock, valued at approximately $6,118,257.60. The trade was a 30.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have 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 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.