Virtu Financial LLC Purchases New Position in e.l.f. Beauty $ELF

Key Points

• Virtu Financial LLC acquired 5,188 shares of e.l.f. Beauty, worth approximately $326,000, indicating growing institutional interest in the company.
• e.l.f. Beauty's stock recently traded down by 2.5% to $116.58, despite strong past quarterly earnings and diverse analyst ratings, suggesting mixed market sentiment.
• Insider trading showed senior executives selling significant shares, with 126,589 shares sold over the past 90 days, which may signal confidence issues among insiders.

Virtu Financial LLC purchased a new position in shares of 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 5,188 shares of the company's stock, valued at approximately $326,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ELF. Bank of Montreal Can grew its position in shares of e.l.f. Beauty by 24.2% during the 4th quarter. Bank of Montreal Can now owns 20,668 shares of the company's stock worth $2,595,000 after buying an additional 4,023 shares in the last quarter. Treasurer of the State of North Carolina grew its position in shares of e.l.f. Beauty by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 23,630 shares of the company's stock worth $2,967,000 after buying an additional 140 shares in the last quarter. Rockefeller Capital Management L.P. bought a new position in shares of e.l.f. Beauty during the 4th quarter worth $1,465,000. CreativeOne Wealth LLC bought a new position in shares of e.l.f. Beauty during the 4th quarter worth $264,000. Finally, Osterweis Capital Management Inc. grew its position in shares of e.l.f. Beauty by 62.3% during the 4th quarter. Osterweis Capital Management Inc. now owns 127,839 shares of the company's stock worth $16,050,000 after buying an additional 49,050 shares in the last quarter. Institutional investors own 92.44% of the company's stock.

e.l.f. Beauty Stock Up 5.1%

e.l.f. Beauty stock traded up $5.90 during midday trading on Monday, reaching $122.27. The company's stock had a trading volume of 1,193,420 shares, compared to its average volume of 2,705,754. e.l.f. Beauty has a 52-week low of $49.40 and a 52-week high of $172.49. The stock has a market capitalization of $7.25 billion, a P/E ratio of 71.68, a PEG ratio of 2.87 and a beta of 1.57. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.26 and a quick ratio of 2.34. The stock's 50-day simple moving average is $118.82 and its 200-day simple moving average is $88.30.

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

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

In other e.l.f. Beauty news, insider Scott Milsten sold 1,442 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 $114.78, for a total transaction of $165,512.76. Following the completion of the sale, the insider directly owned 117,394 shares in the company, valued at approximately $13,474,483.32. The trade was a 1.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 transaction of $282,852.05. Following the sale, the chief executive officer owned 186,586 shares of the company's stock, valued at approximately $21,944,379.46. The trade was a 1.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 126,589 shares of company stock worth $14,547,949. Corporate insiders own 3.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. UBS Group dropped their price target on e.l.f. Beauty from $120.00 to $112.00 and set a "neutral" rating on the stock in a research report on Thursday, August 7th. Jefferies Financial Group set a $115.00 price objective on e.l.f. Beauty and gave the stock a "buy" rating in a research note on Thursday, May 29th. Piper Sandler restated an "overweight" rating and issued a $109.00 price target (up from $81.00) on shares of e.l.f. Beauty in a report on Thursday, May 29th. Truist Financial raised their price target on shares of e.l.f. Beauty from $125.00 to $130.00 and gave the company a "buy" rating in a report on Friday, June 6th. Finally, B. Riley restated a "buy" rating and issued a $150.00 price target (up from $110.00) on shares of e.l.f. Beauty in a report on Friday, June 13th. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $123.81.

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.