Portside Wealth Group LLC Increases Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Portside Wealth Group LLC raised its stake in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 68.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 6,582 shares of the company's stock after purchasing an additional 2,674 shares during the period. Portside Wealth Group LLC's holdings in e.l.f. Beauty were worth $413,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Nemes Rush Group LLC bought a new stake in e.l.f. Beauty in the fourth quarter worth approximately $27,000. Orion Capital Management LLC bought a new stake in e.l.f. Beauty in the 4th quarter valued at $30,000. Promus Capital LLC acquired a new stake in e.l.f. Beauty in the 4th quarter worth $31,000. Kestra Investment Management LLC bought a new position in shares of e.l.f. Beauty during the 4th quarter worth about $32,000. Finally, Wilmington Savings Fund Society FSB raised its position in shares of e.l.f. Beauty by 84.9% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 429 shares of the company's stock valued at $54,000 after buying an additional 197 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

e.l.f. Beauty Price Performance

Shares of ELF stock traded up $3.81 on Thursday, reaching $128.33. The company's stock had a trading volume of 895,775 shares, compared to its average volume of 2,526,977. The stock's 50 day simple moving average is $76.00 and its 200-day simple moving average is $91.59. The company has a market capitalization of $7.23 billion, a P/E ratio of 75.93, a PEG ratio of 6.76 and a beta of 1.52. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. 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 announced its quarterly earnings data on Wednesday, May 28th. The company reported $0.78 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $327.45 million. During the same quarter last year, the firm posted $0.53 earnings per share. The company's revenue for the quarter was up 3.6% on a year-over-year basis. As a group, equities analysts predict that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current fiscal year.

Insider Activity at e.l.f. Beauty

In related news, CEO Tarang Amin sold 2,405 shares of e.l.f. Beauty 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 $282,852.05. Following the completion of the sale, the chief executive officer now directly owns 186,586 shares in the company, valued at $21,944,379.46. This trade represents a 1.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Joshua Allen Franks sold 51,353 shares of e.l.f. Beauty stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $53.36, for a total value of $2,740,196.08. Following the completion of the sale, the senior vice president now owns 114,660 shares in the company, valued at approximately $6,118,257.60. The trade was a 30.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 327,207 shares of company stock worth $25,252,926. 3.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have commented on ELF. Raymond James upped their price target on e.l.f. Beauty from $95.00 to $105.00 and gave the company a "strong-buy" rating in a report on Thursday, May 29th. Piper Sandler restated an "overweight" rating and set a $109.00 target price (up from $81.00) on shares of e.l.f. Beauty in a research report on Thursday, May 29th. Morgan Stanley boosted their price target on shares of e.l.f. Beauty from $70.00 to $105.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 29th. Jefferies Financial Group set a $115.00 target price on shares of e.l.f. Beauty and gave the stock a "buy" rating in a report on Thursday, May 29th. Finally, Canaccord Genuity Group set a $114.00 target price on e.l.f. Beauty in a research note on Thursday, May 29th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $120.71.

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.