Peterson Wealth Services Grows Stake in e.l.f. Beauty (NYSE:ELF)

Peterson Wealth Services grew its stake in shares of e.l.f. Beauty (NYSE:ELF - Free Report) by 77.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,729 shares of the company's stock after purchasing an additional 3,822 shares during the quarter. Peterson Wealth Services' holdings in e.l.f. Beauty were worth $548,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Champlain Investment Partners LLC raised its holdings in e.l.f. Beauty by 99.7% in the fourth quarter. Champlain Investment Partners LLC now owns 2,226,451 shares of the company's stock worth $279,531,000 after purchasing an additional 1,111,550 shares in the last quarter. Aspex Management HK Ltd bought a new position in e.l.f. Beauty in the fourth quarter worth $73,576,000. AXA S.A. raised its holdings in e.l.f. Beauty by 2,074.4% in the fourth quarter. AXA S.A. now owns 394,005 shares of the company's stock worth $49,467,000 after purchasing an additional 375,885 shares in the last quarter. Generate Investment Management Ltd bought a new position in e.l.f. Beauty in the first quarter worth $21,650,000. Finally, Congress Asset Management Co. raised its holdings in e.l.f. Beauty by 53.7% in the first quarter. Congress Asset Management Co. now owns 938,970 shares of the company's stock worth $58,958,000 after purchasing an additional 327,980 shares in 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 e.l.f. Beauty news, CEO Tarang Amin sold 24,533 shares of the stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $115.56, for a total transaction of $2,835,033.48. Following the sale, the chief executive officer owned 188,991 shares in the company, valued at approximately $21,839,799.96. This represents a 11.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Scott Milsten sold 11,860 shares of the stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $115.56, for a total value of $1,370,541.60. Following the sale, the insider owned 118,836 shares in the company, valued at approximately $13,732,688.16. This trade represents a 9.07% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 126,589 shares of company stock worth $14,547,949 over the last ninety days. 3.90% of the stock is currently owned by corporate insiders.

e.l.f. Beauty Stock Performance

Shares of NYSE ELF traded up $4.46 during trading hours on Tuesday, reaching $116.07. The stock had a trading volume of 1,528,189 shares, compared to its average volume of 2,562,261. The firm has a market cap of $6.58 billion, a price-to-earnings ratio of 60.14, a PEG ratio of 2.78 and a beta of 1.52. The company has a current ratio of 3.05, a quick ratio of 2.00 and a debt-to-equity ratio of 0.34. e.l.f. Beauty has a fifty-two week low of $49.40 and a fifty-two week high of $190.38. The firm has a 50-day moving average of $109.84 and a 200-day moving average of $89.11.

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

Analyst Upgrades and Downgrades

ELF has been the subject of several research analyst reports. Truist Financial lifted their price objective on e.l.f. Beauty from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Friday, June 6th. Bank of America raised their target price on e.l.f. Beauty from $113.00 to $135.00 and gave the stock a "buy" rating in a research report on Friday, June 20th. Robert W. Baird raised their target price on 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. raised their target price 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. Finally, Raymond James Financial lifted their price objective on e.l.f. Beauty from $95.00 to $105.00 and gave the company a "strong-buy" rating in a research report on Thursday, May 29th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, e.l.f. Beauty presently has a consensus rating of "Moderate Buy" and a consensus target price of $123.38.

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.