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

Park Avenue Securities LLC lifted its stake in shares of e.l.f. Beauty (NYSE:ELF - Free Report) by 24.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 12,038 shares of the company's stock after acquiring an additional 2,387 shares during the period. Park Avenue Securities LLC's holdings in e.l.f. Beauty were worth $756,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Truist Financial Corp raised its stake in shares of e.l.f. Beauty by 1.3% during the fourth quarter. Truist Financial Corp now owns 7,885 shares of the company's stock worth $990,000 after acquiring an additional 102 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of e.l.f. Beauty by 0.8% in the 4th quarter. Arizona State Retirement System now owns 16,365 shares of the company's stock valued at $2,055,000 after purchasing an additional 128 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in shares of e.l.f. Beauty by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 23,630 shares of the company's stock valued at $2,967,000 after purchasing an additional 140 shares in the last quarter. Atria Wealth Solutions Inc. grew its holdings in shares of e.l.f. Beauty by 7.7% during the 4th quarter. Atria Wealth Solutions Inc. now owns 2,089 shares of the company's stock valued at $262,000 after purchasing an additional 150 shares during the last quarter. Finally, Horizon Investments LLC raised its position in e.l.f. Beauty by 29.0% in the 4th quarter. Horizon Investments LLC now owns 742 shares of the company's stock worth $93,000 after purchasing an additional 167 shares during the period. 92.44% of the stock is owned by institutional investors.

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

In related news, Director Lauren Cooks Levitan sold 4,670 shares of the stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $115.94, for a total value of $541,439.80. Following the completion of the transaction, the director now directly owns 12,697 shares in the company, valued at $1,472,090.18. This trade represents a 26.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Tarang Amin sold 97,915 shares of the business's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $53.36, for a total transaction of $5,224,744.40. Following the sale, the chief executive officer now directly owns 181,289 shares in the company, valued at $9,673,581.04. The trade was a 35.07% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 327,207 shares of company stock valued at $25,252,926. 3.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ELF shares. DA Davidson cut 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 research report on Monday, March 17th. Morgan Stanley boosted their target price 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. JPMorgan Chase & Co. raised their price target on e.l.f. Beauty from $70.00 to $123.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. The Goldman Sachs Group decreased their price target on e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating on the stock in a research note on Friday, February 21st. Finally, UBS Group boosted their price objective on e.l.f. Beauty from $59.00 to $84.00 and gave the company a "neutral" rating in a research report on Wednesday, May 21st. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $124.24.

e.l.f. Beauty Trading Down 0.3%

NYSE:ELF traded down $0.32 during trading hours on Tuesday, hitting $125.89. The company had a trading volume of 1,996,891 shares, compared to its average volume of 2,551,107. 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 stock has a 50-day moving average price of $81.89 and a 200 day moving average price of $91.30. The company has a market capitalization of $7.09 billion, a PE ratio of 65.23, a price-to-earnings-growth ratio of 2.79 and a beta of 1.52. e.l.f. Beauty has a 52 week low of $49.40 and a 52 week high of $219.77.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its earnings results on Wednesday, May 28th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.72 by $0.06. e.l.f. Beauty had a net margin of 8.53% and a return on equity of 17.98%. The firm had revenue of $332.65 million during the quarter, compared to analysts' expectations of $327.45 million. During the same period last year, the company posted $0.53 EPS. The company's quarterly revenue was up 3.6% compared to the same quarter last year. On average, equities research analysts predict that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

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.