Samalin Investment Counsel LLC Acquires Shares of 3,892 e.l.f. Beauty $ELF

Key Points

• Samalin Investment Counsel LLC acquired 3,892 shares of e.l.f. Beauty stock, amounting to approximately $244,000, during the first quarter of the year.
• e.l.f. Beauty's stock is currently valued at $124.80, having a market cap of $7.40 billion and showing strong quarterly growth with revenue up 9.0% compared to the previous year.
• Analysts have a positive outlook on the stock, with target prices ranging from $109.00 to $145.00 and a consensus rating of "Moderate Buy."

Samalin Investment Counsel LLC acquired a new position in shares of e.l.f. Beauty (NYSE:ELF - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 3,892 shares of the company's stock, valued at approximately $244,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Aurora Investment Counsel purchased a new stake in shares of e.l.f. Beauty during the first quarter worth approximately $294,000. Caas Capital Management LP grew its position in e.l.f. Beauty by 1,466.7% in the 1st quarter. Caas Capital Management LP now owns 4,700 shares of the company's stock valued at $295,000 after buying an additional 4,400 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in e.l.f. Beauty by 42.0% in the 1st quarter. Harbor Capital Advisors Inc. now owns 103,235 shares of the company's stock valued at $6,482,000 after buying an additional 30,530 shares during the period. Granahan Investment Management LLC acquired a new position in e.l.f. Beauty in the 4th quarter valued at $9,671,000. Finally, Vontobel Holding Ltd. raised its position in e.l.f. Beauty by 165.6% during the 1st quarter. Vontobel Holding Ltd. now owns 15,181 shares of the company's stock worth $953,000 after buying an additional 9,466 shares during the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

e.l.f. Beauty Stock Performance

ELF opened at $124.80 on Thursday. e.l.f. Beauty has a 1-year low of $49.40 and a 1-year high of $159.22. The stock has a market cap of $7.40 billion, a P/E ratio of 73.41, a P/E/G ratio of 2.84 and a beta of 1.57. The stock's 50 day simple moving average is $118.14 and its 200 day simple moving average is $90.01. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.26 and a quick ratio of 2.34.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.05. The company had revenue of $353.74 million for the quarter, compared to the consensus estimate of $348.99 million. e.l.f. Beauty had a return on equity of 16.36% and a net margin of 7.29%.e.l.f. Beauty's quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.10 earnings per share. As a group, equities analysts anticipate that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

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

In related news, insider Mandy J. Fields sold 11,795 shares of the stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $115.56, for a total value of $1,363,030.20. Following the sale, the insider directly owned 121,333 shares of the company's stock, valued at approximately $14,021,241.48. This represents a 8.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Joshua Allen Franks sold 11,860 shares of the firm's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $115.56, for a total transaction of $1,370,541.60. Following the transaction, the senior vice president owned 121,967 shares of the company's stock, valued at $14,094,506.52. This trade represents a 8.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 112,836 shares of company stock worth $13,076,695. Insiders own 3.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. 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 report on Thursday, May 29th. Bank of America increased their price target on shares of e.l.f. Beauty from $113.00 to $135.00 and gave the stock a "buy" rating in a report on Friday, June 20th. Robert W. Baird lifted their price objective on e.l.f. Beauty from $110.00 to $145.00 and gave the company an "outperform" rating in a report on Friday, June 6th. Canaccord Genuity Group dropped their target price on e.l.f. Beauty from $150.00 to $128.00 and set a "buy" rating on the stock in a research report on Thursday, August 7th. Finally, Deutsche Bank Aktiengesellschaft raised e.l.f. Beauty from a "hold" rating to a "buy" rating and set a $121.00 target price for the company in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $123.81.

About e.l.f. Beauty

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.

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