South Dakota Investment Council Increases Stock Holdings in e.l.f. Beauty (NYSE:ELF)

South Dakota Investment Council raised its position in e.l.f. Beauty (NYSE:ELF - Free Report) by 15.7% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 40,571 shares of the company's stock after purchasing an additional 5,500 shares during the period. South Dakota Investment Council owned 0.07% of e.l.f. Beauty worth $2,547,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Aurora Investment Counsel purchased a new stake in e.l.f. Beauty in the 1st quarter valued at about $294,000. Caas Capital Management LP raised its holdings 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 period. Harbor Capital Advisors Inc. raised its holdings 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 purchased a new stake in e.l.f. Beauty in the 4th quarter valued at about $9,671,000. Finally, Vontobel Holding Ltd. raised its holdings in e.l.f. Beauty by 165.6% in the 1st quarter. Vontobel Holding Ltd. now owns 15,181 shares of the company's stock valued at $953,000 after buying an additional 9,466 shares during the period. Hedge funds and other institutional investors own 92.44% of the company's stock.

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

In other news, insider Scott Milsten sold 11,860 shares of the firm's stock in a transaction that occurred on 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 insider directly owned 118,836 shares in the company, valued at approximately $13,732,688.16. This trade represents a 9.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jennifer Catherine Hartnett sold 18,383 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $109.99, for a total transaction of $2,021,946.17. Following the transaction, the insider owned 54,163 shares in the company, valued at approximately $5,957,388.37. This trade represents a 25.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 126,589 shares of company stock valued at $14,547,949. 3.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ELF shares. UBS Group boosted their price objective on shares of e.l.f. Beauty from $95.00 to $120.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Robert W. Baird boosted their price target on shares of e.l.f. Beauty from $110.00 to $145.00 and gave the stock an "outperform" rating in a research note on Friday, June 6th. Truist Financial boosted their price target on shares of e.l.f. Beauty from $125.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, June 6th. JPMorgan Chase & Co. boosted their price target on shares of e.l.f. Beauty from $70.00 to $123.00 and gave the stock an "overweight" rating in a research note on Friday, May 30th. Finally, 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. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $123.38.

e.l.f. Beauty Stock Up 0.3%

e.l.f. Beauty stock traded up $0.30 during mid-day trading on Thursday, hitting $117.96. The company had a trading volume of 459,647 shares, compared to its average volume of 2,725,754. The stock has a market cap of $6.69 billion, a price-to-earnings ratio of 61.13, a PEG ratio of 2.76 and a beta of 1.52. e.l.f. Beauty has a 1 year low of $49.40 and a 1 year high of $190.38. The company has a quick ratio of 2.00, a current ratio of 3.05 and a debt-to-equity ratio of 0.34. The business has a fifty day moving average of $112.14 and a 200 day moving average of $89.40.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.72 by $0.06. The company had revenue of $332.65 million for the quarter, compared to analyst estimates of $327.45 million. e.l.f. Beauty had a net margin of 8.53% and a return on equity of 17.98%. The firm's revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.53 earnings per share. On average, sell-side analysts expect that e.l.f. Beauty 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.