Sowell Financial Services LLC Makes New $486,000 Investment in e.l.f. Beauty (NYSE:ELF)

Sowell Financial Services LLC bought a new stake in e.l.f. Beauty (NYSE:ELF - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,740 shares of the company's stock, valued at approximately $486,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in e.l.f. Beauty by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 5,497,208 shares of the company's stock worth $690,174,000 after purchasing an additional 68,103 shares during the last quarter. William Blair Investment Management LLC grew its holdings in shares of e.l.f. Beauty by 40.9% during the fourth quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company's stock worth $289,437,000 after buying an additional 669,321 shares during the last quarter. Champlain Investment Partners LLC increased its position in e.l.f. Beauty by 99.7% in the 4th quarter. Champlain Investment Partners LLC now owns 2,226,451 shares of the company's stock valued at $279,531,000 after acquiring an additional 1,111,550 shares during the period. Clearbridge Investments LLC raised its stake in e.l.f. Beauty by 17.5% during the 4th quarter. Clearbridge Investments LLC now owns 1,772,528 shares of the company's stock valued at $222,541,000 after acquiring an additional 264,296 shares during the last quarter. Finally, Congress Asset Management Co. lifted its position in e.l.f. Beauty by 53.7% during the 1st quarter. Congress Asset Management Co. now owns 938,970 shares of the company's stock worth $58,958,000 after acquiring an additional 327,980 shares during the period. Hedge funds and other institutional investors own 92.44% of the company's stock.

e.l.f. Beauty Price Performance

NYSE ELF traded down $2.16 during mid-day trading on Friday, hitting $120.08. The stock had a trading volume of 2,448,282 shares, compared to its average volume of 2,552,221. The company has a 50 day simple moving average of $84.59 and a 200 day simple moving average of $91.45. 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 company has a market cap of $6.76 billion, a price-to-earnings ratio of 62.22, a P/E/G ratio of 2.71 and a beta of 1.52. e.l.f. Beauty has a 52-week low of $49.40 and a 52-week high of $219.77.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The company reported $0.78 earnings per share for the quarter, beating 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 business had revenue of $332.65 million during the quarter, compared to analysts' expectations of $327.45 million. During the same quarter last year, the business posted $0.53 earnings per share. The business's revenue for the quarter was up 3.6% on a year-over-year basis. Equities analysts forecast 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 other news, CEO Tarang Amin sold 2,405 shares of the 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 sale, the chief executive officer now directly owns 186,586 shares in the company, valued at $21,944,379.46. This represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lauren Cooks Levitan sold 4,670 shares of e.l.f. Beauty stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $115.94, for a total value of $541,439.80. Following the transaction, the director now owns 12,697 shares of the company's stock, valued at $1,472,090.18. This represents a 26.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 327,207 shares of company stock worth $25,252,926. 3.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ELF has been the subject of several analyst reports. Canaccord Genuity Group set a $114.00 price target on e.l.f. Beauty in a research note on Thursday, May 29th. JPMorgan Chase & Co. upped their price objective on shares of 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. Bank of America raised their target price on shares of e.l.f. Beauty from $113.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday. The Goldman Sachs Group dropped 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. Finally, Raymond James Financial increased their price target on shares of e.l.f. Beauty from $95.00 to $105.00 and gave the stock a "strong-buy" rating in a report on Thursday, May 29th. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $118.88.

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.