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e.l.f. Beauty (NYSE:ELF) Shares Acquired by Palisade Capital Management LP

e.l.f. Beauty logo with Consumer Staples background

Palisade Capital Management LP increased its stake in e.l.f. Beauty (NYSE:ELF - Free Report) by 61.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,361 shares of the company's stock after acquiring an additional 3,550 shares during the period. Palisade Capital Management LP's holdings in e.l.f. Beauty were worth $588,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Nemes Rush Group LLC acquired a new position in shares of e.l.f. Beauty in the 4th quarter valued at $27,000. Orion Capital Management LLC purchased a new position in shares of e.l.f. Beauty in the 4th quarter worth $30,000. Promus Capital LLC acquired a new position in e.l.f. Beauty in the fourth quarter valued at $31,000. Golden State Wealth Management LLC purchased a new stake in e.l.f. Beauty during the first quarter valued at about $33,000. Finally, Horizon Investments LLC increased its stake 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 acquiring an additional 167 shares during the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Morgan Stanley lifted 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 note on Thursday, May 29th. Piper Sandler reaffirmed an "overweight" rating and set a $109.00 price target (up from $81.00) on shares of e.l.f. Beauty in a research report on Thursday, May 29th. Robert W. Baird increased their price objective on shares of e.l.f. Beauty from $110.00 to $145.00 and gave the stock an "outperform" rating in a research report on Friday, June 6th. JPMorgan Chase & Co. lifted their target price on shares of e.l.f. Beauty from $70.00 to $123.00 and gave the company an "overweight" rating in a report on Friday, May 30th. Finally, Jefferies Financial Group set a $115.00 price target on shares of e.l.f. Beauty and gave the stock a "buy" rating in a research report on Thursday, May 29th. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $118.88.

Get Our Latest Stock Report on ELF

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 2,405 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $117.61, for a total transaction of $282,852.05. Following the transaction, the chief executive officer owned 186,586 shares of the company's stock, valued at $21,944,379.46. This trade represents a 1.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Mandy J. Fields sold 1,487 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $117.61, for a total value of $174,886.07. Following the completion of the sale, the insider owned 119,846 shares of the company's stock, valued at $14,095,088.06. This trade represents a 1.23% 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 90 days. Corporate insiders own 3.50% of the company's stock.

e.l.f. Beauty Stock Up 1.0%

Shares of NYSE:ELF traded up $1.27 during trading on Friday, hitting $130.75. The company's stock had a trading volume of 789,367 shares, compared to its average volume of 2,539,265. The company has a market capitalization of $7.37 billion, a PE ratio of 67.75, a PEG ratio of 3.06 and a beta of 1.52. e.l.f. Beauty has a fifty-two week low of $49.40 and a fifty-two week high of $219.77. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.00 and a current ratio of 3.05. The stock's 50-day moving average price is $98.85 and its two-hundred day moving average price is $90.70.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its earnings results on Wednesday, May 28th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $332.65 million for the quarter, compared to analyst estimates of $327.45 million. During the same period in the prior year, the company posted $0.53 EPS. e.l.f. Beauty's quarterly revenue was up 3.6% on a year-over-year basis. As a group, sell-side analysts expect that e.l.f. Beauty will post 2.38 EPS for the current year.

e.l.f. Beauty Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for e.l.f. Beauty (NYSE:ELF)

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