Portside Wealth Group LLC Has $413,000 Stake in e.l.f. Beauty, Inc. (NYSE:ELF)

Portside Wealth Group LLC grew its stake in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 68.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,582 shares of the company's stock after buying an additional 2,674 shares during the quarter. Portside Wealth Group LLC's holdings in e.l.f. Beauty were worth $413,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Baillie Gifford & Co. lifted its position in e.l.f. Beauty by 51.0% in the 4th quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company's stock valued at $1,005,584,000 after acquiring an additional 2,703,742 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of e.l.f. Beauty by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 5,497,208 shares of the company's stock valued at $690,174,000 after purchasing an additional 68,103 shares during the period. William Blair Investment Management LLC lifted its holdings in shares of e.l.f. Beauty by 40.9% in the fourth quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company's stock valued at $289,437,000 after purchasing an additional 669,321 shares in the last quarter. Champlain Investment Partners LLC boosted its position in shares of e.l.f. Beauty by 99.7% during the fourth quarter. Champlain Investment Partners LLC now owns 2,226,451 shares of the company's stock worth $279,531,000 after buying an additional 1,111,550 shares during the period. Finally, Clearbridge Investments LLC grew its holdings in shares of e.l.f. Beauty by 17.5% during the fourth quarter. Clearbridge Investments LLC now owns 1,772,528 shares of the company's stock worth $222,541,000 after buying an additional 264,296 shares in the last quarter. Institutional investors own 92.44% of the company's stock.

Insider Activity

In other news, CEO Tarang Amin sold 97,915 shares of the company's stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $53.36, for a total value of $5,224,744.40. Following the transaction, the chief executive officer now owns 181,289 shares of the company's stock, valued at approximately $9,673,581.04. This represents a 35.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Scott Milsten sold 1,442 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $114.78, for a total value of $165,512.76. Following the completion of the sale, the insider now owns 117,394 shares of the company's stock, valued at $13,474,483.32. This trade represents a 1.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 327,207 shares of company stock valued at $25,252,926 over the last ninety days. 3.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ELF has been the topic of several research reports. JPMorgan Chase & Co. boosted their target price 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. Jefferies Financial Group set a $115.00 price objective on shares of e.l.f. Beauty and gave the company a "buy" rating in a report on Thursday, May 29th. Robert W. Baird increased their target price on shares of e.l.f. Beauty from $110.00 to $145.00 and gave the stock an "outperform" rating in a report on Friday, June 6th. Piper Sandler reaffirmed an "overweight" rating and issued a $109.00 target price (up previously from $81.00) on shares of e.l.f. Beauty in a research report on Thursday, May 29th. Finally, The Goldman Sachs Group lowered their price target on shares of 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. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, e.l.f. Beauty currently has a consensus rating of "Moderate Buy" and a consensus target price of $124.24.

e.l.f. Beauty Stock Performance

NYSE ELF traded down $3.53 during trading on Friday, reaching $125.01. 2,219,227 shares of the company's stock were exchanged, compared to its average volume of 2,549,576. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17. The business has a 50 day moving average price of $78.97 and a 200-day moving average price of $91.58. The stock has a market capitalization of $7.04 billion, a P/E ratio of 73.97, a PEG ratio of 6.76 and a beta of 1.52. e.l.f. Beauty, Inc. has a fifty-two week low of $49.40 and a fifty-two 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 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 16.88% and a net margin of 7.55%. The business had revenue of $332.65 million for the quarter, compared to analyst estimates of $327.45 million. During the same period in the previous year, the firm earned $0.53 EPS. The firm's revenue was up 3.6% compared to the same quarter last year. Sell-side analysts forecast that e.l.f. Beauty, Inc. will post 2.38 earnings per share 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.