Park Avenue Securities LLC Increases Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Park Avenue Securities LLC raised its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 24.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,038 shares of the company's stock after buying an additional 2,387 shares during the quarter. Park Avenue Securities LLC's holdings in e.l.f. Beauty were worth $756,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Nemes Rush Group LLC purchased a new position in e.l.f. Beauty during the 4th quarter valued at approximately $27,000. Orion Capital Management LLC purchased a new position in e.l.f. Beauty during the 4th quarter valued at approximately $30,000. Promus Capital LLC bought a new stake in shares of e.l.f. Beauty in the 4th quarter valued at approximately $31,000. Kestra Investment Management LLC bought a new stake in shares of e.l.f. Beauty in the 4th quarter valued at approximately $32,000. Finally, Wilmington Savings Fund Society FSB lifted its stake in shares of e.l.f. Beauty by 84.9% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 429 shares of the company's stock valued at $54,000 after purchasing an additional 197 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company's stock.

Insider Transactions at e.l.f. Beauty

In other news, insider Scott Milsten sold 1,442 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $114.78, for a total value of $165,512.76. Following the completion of the transaction, the insider now directly owns 117,394 shares of the company's stock, valued at approximately $13,474,483.32. The trade was a 1.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kory Marchisotto sold 51,350 shares of the business's stock in a transaction on Monday, April 21st. The stock was sold at an average price of $53.36, for a total value of $2,740,036.00. Following the completion of the transaction, the insider now directly owns 152,492 shares of the company's stock, valued at approximately $8,136,973.12. The trade was a 25.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders 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 Stock Down 2.7%

NYSE ELF traded down $3.53 on Friday, reaching $125.01. 2,219,227 shares of the stock traded hands, compared to its average volume of 2,542,638. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. The company has a fifty day moving average price of $78.97 and a 200-day moving average price of $91.58. The company has a market cap of $7.04 billion, a price-to-earnings ratio of 73.97, a PEG ratio of 6.76 and a beta of 1.52. e.l.f. Beauty, Inc. has a 12 month low of $49.40 and a 12 month high of $219.77.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last issued its earnings results on Wednesday, May 28th. The company reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.06. The business had revenue of $332.65 million during the quarter, compared to analyst estimates of $327.45 million. e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. e.l.f. Beauty's revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 EPS. As a group, research analysts forecast that e.l.f. Beauty, Inc. will post 2.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. UBS Group raised their price objective on e.l.f. Beauty from $59.00 to $84.00 and gave the company a "neutral" rating in a research note on Wednesday, May 21st. JPMorgan Chase & Co. raised their price objective on e.l.f. Beauty from $70.00 to $123.00 and gave the company an "overweight" rating in a research note on Friday, May 30th. DA Davidson lowered their price objective on e.l.f. Beauty from $80.00 to $75.00 and set a "neutral" rating for the company in a research note on Monday, March 17th. Jefferies Financial Group set a $115.00 price objective on e.l.f. Beauty and gave the company a "buy" rating in a research note on Thursday, May 29th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $109.00 price objective (up from $81.00) on shares of e.l.f. Beauty in a research note on Thursday, May 29th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, e.l.f. Beauty presently has an average rating of "Moderate Buy" and a consensus target price of $124.24.

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.