Wealthfront Advisers LLC Buys 2,289 Shares of e.l.f. Beauty (NYSE:ELF)

Wealthfront Advisers LLC increased its holdings in shares of e.l.f. Beauty (NYSE:ELF - Free Report) by 113.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,302 shares of the company's stock after buying an additional 2,289 shares during the quarter. Wealthfront Advisers LLC's holdings in e.l.f. Beauty were worth $270,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in ELF. Aurora Investment Counsel acquired a new stake in shares of e.l.f. Beauty in the 1st quarter valued at about $294,000. Caas Capital Management LP raised its stake in shares of 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 purchasing an additional 4,400 shares during the period. Harbor Capital Advisors Inc. raised its stake in shares of 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 purchasing an additional 30,530 shares during the period. Granahan Investment Management LLC acquired a new stake in shares of e.l.f. Beauty in the 4th quarter valued at about $9,671,000. Finally, Vontobel Holding Ltd. raised its stake in shares of 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 purchasing an additional 9,466 shares during the period. Institutional investors and hedge funds own 92.44% of the company's stock.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, insider Jennifer Catherine Hartnett sold 18,383 shares of the business's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $109.99, for a total value of $2,021,946.17. Following the transaction, the insider owned 54,163 shares in the company, valued at approximately $5,957,388.37. The trade was a 25.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Joshua Allen Franks sold 11,860 shares of the business'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 in the company, valued at $14,094,506.52. This represents a 8.86% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 126,589 shares of company stock worth $14,547,949. 3.90% of the stock is owned by corporate insiders.

e.l.f. Beauty Stock Up 1.0%

ELF stock traded up $1.12 during mid-day trading on Thursday, reaching $118.78. 627,794 shares of the company traded hands, compared to its average volume of 2,726,980. The stock has a market cap of $6.74 billion, a price-to-earnings ratio of 61.58, a P/E/G ratio of 2.76 and a beta of 1.52. The company has a quick ratio of 2.00, a current ratio of 3.05 and a debt-to-equity ratio of 0.34. e.l.f. Beauty has a fifty-two week low of $49.40 and a fifty-two week high of $190.38. The firm's 50 day moving average price is $112.14 and its 200 day moving average price is $89.40.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its 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. The firm had revenue of $332.65 million during the quarter, compared to the consensus estimate of $327.45 million. e.l.f. Beauty had a net margin of 8.53% and a return on equity of 17.98%. The company's revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 EPS. As a group, equities research analysts predict that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ELF shares. Bank of America raised their price objective on e.l.f. Beauty from $113.00 to $135.00 and gave the company a "buy" rating in a report on Friday, June 20th. B. Riley restated a "buy" rating and issued a $150.00 price objective (up previously from $110.00) on shares of e.l.f. Beauty in a report on Friday, June 13th. JPMorgan Chase & Co. raised their price objective on e.l.f. Beauty from $70.00 to $123.00 and gave the company an "overweight" rating in a report on Friday, May 30th. UBS Group raised their price objective on e.l.f. Beauty from $95.00 to $120.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Finally, Jefferies Financial Group set a $115.00 price objective on e.l.f. Beauty and gave the company a "buy" rating in a report on Thursday, May 29th. Five research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $123.38.

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.