Vident Advisory LLC Purchases New Position in e.l.f. Beauty $ELF

Key Points

• Vident Advisory LLC has acquired a new position in e.l.f. Beauty, purchasing 3,231 shares valued at approximately $203,000 during the first quarter.
• Insider activity includes Mandy J. Fields selling 55,692 shares for over $7.5 million, which represents a 46.47% decrease in her ownership position.
• e.l.f. Beauty reported a 9% increase in revenue compared to the previous year, with earnings per share of $0.89, surpassing analyst expectations.

Vident Advisory LLC purchased a new position in e.l.f. Beauty (NYSE:ELF - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,231 shares of the company's stock, valued at approximately $203,000.

Other institutional investors have also recently made changes to their positions in the company. Orion Capital Management LLC bought a new position in shares of e.l.f. Beauty in the 4th quarter worth $30,000. Golden State Wealth Management LLC bought a new position in shares of e.l.f. Beauty in the 1st quarter worth $33,000. Larson Financial Group LLC increased its holdings in shares of e.l.f. Beauty by 56.5% in the 1st quarter. Larson Financial Group LLC now owns 676 shares of the company's stock worth $42,000 after buying an additional 244 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of e.l.f. Beauty by 577.7% in the 1st quarter. Smartleaf Asset Management LLC now owns 759 shares of the company's stock worth $49,000 after buying an additional 647 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in shares of e.l.f. Beauty by 27.9% in the 1st quarter. Signaturefd LLC now owns 858 shares of the company's stock worth $54,000 after buying an additional 187 shares during the last quarter. Institutional investors own 92.44% of the company's stock.

Insider Activity at e.l.f. Beauty

In other news, insider Mandy J. Fields sold 55,692 shares of the firm's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $136.28, for a total value of $7,589,705.76. Following the completion of the sale, the insider directly owned 64,154 shares of the company's stock, valued at approximately $8,742,907.12. This trade represents a 46.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lauren Cooks Levitan sold 4,630 shares of the firm's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $118.94, for a total transaction of $550,692.20. Following the completion of the sale, the director directly owned 11,507 shares of the company's stock, valued at approximately $1,368,642.58. This represents a 28.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by insiders.

e.l.f. Beauty Trading Down 3.1%

Shares of ELF opened at $134.47 on Thursday. The stock has a market capitalization of $7.98 billion, a P/E ratio of 79.10, a PEG ratio of 3.37 and a beta of 1.59. The company has a quick ratio of 2.34, a current ratio of 3.26 and a debt-to-equity ratio of 0.32. The firm has a fifty day simple moving average of $119.53 and a two-hundred day simple moving average of $93.99. e.l.f. Beauty has a twelve month low of $49.40 and a twelve month high of $147.33.

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

Analyst Ratings Changes

ELF has been the topic of a number of research analyst reports. 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. The Goldman Sachs Group increased their price target on shares of e.l.f. Beauty from $120.00 to $137.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. JPMorgan Chase & Co. decreased their price target on shares of e.l.f. Beauty from $132.00 to $130.00 and set an "overweight" rating on the stock in a report on Thursday, August 7th. Robert W. Baird increased their target price on shares of e.l.f. Beauty from $110.00 to $145.00 and gave the company an "outperform" rating in a report on Friday, June 6th. Finally, Piper Sandler began coverage on shares of e.l.f. Beauty in a report on Thursday, September 4th. They set an "overweight" rating and a $150.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $132.88.

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.

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