Y Intercept Hong Kong Ltd Invests $425,000 in e.l.f. Beauty (NYSE:ELF)

Y Intercept Hong Kong Ltd purchased a new position in shares of e.l.f. Beauty (NYSE:ELF - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 6,770 shares of the company's stock, valued at approximately $425,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Treasurer of the State of North Carolina raised its stake in 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 acquiring an additional 140 shares in the last quarter. ProShare Advisors LLC raised its stake in e.l.f. Beauty by 7.1% during the 4th quarter. ProShare Advisors LLC now owns 2,635 shares of the company's stock worth $331,000 after acquiring an additional 174 shares in the last quarter. Signaturefd LLC raised its stake in e.l.f. Beauty by 27.9% during the 1st quarter. Signaturefd LLC now owns 858 shares of the company's stock worth $54,000 after acquiring an additional 187 shares in the last quarter. State of Michigan Retirement System raised its stake in e.l.f. Beauty by 1.5% during the 1st quarter. State of Michigan Retirement System now owns 13,500 shares of the company's stock worth $848,000 after acquiring an additional 200 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in e.l.f. Beauty by 1.3% during the 1st quarter. Louisiana State Employees Retirement System now owns 15,800 shares of the company's stock worth $992,000 after acquiring an additional 200 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

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

In related news, insider Scott Milsten sold 11,860 shares of the company'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 completion of the transaction, the insider owned 118,836 shares of the company's stock, valued at approximately $13,732,688.16. This represents a 9.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jennifer Catherine Hartnett sold 18,383 shares of the company'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 directly owned 54,163 shares of the company's stock, valued at $5,957,388.37. This trade represents a 25.34% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 126,589 shares of company stock valued at $14,547,949. 3.90% of the stock is owned by corporate insiders.

e.l.f. Beauty Trading Down 3.8%

Shares of ELF traded down $4.61 on Friday, hitting $116.58. 495,063 shares of the stock traded hands, compared to its average volume of 2,665,802. 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 firm has a market capitalization of $6.61 billion, a P/E ratio of 60.48, a P/E/G ratio of 2.92 and a beta of 1.52. The stock's 50 day moving average is $117.05 and its two-hundred day moving average is $89.12. e.l.f. Beauty has a 1 year low of $49.40 and a 1 year high of $190.38.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.06. The business had revenue of $332.65 million for 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 quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.53 earnings per share. As a group, sell-side analysts predict that e.l.f. Beauty will post 2.38 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on ELF shares. Truist Financial lifted 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. Raymond James Financial lifted their price objective on shares of e.l.f. Beauty from $95.00 to $105.00 and gave the company a "strong-buy" rating in a research note on Thursday, May 29th. B. Riley restated a "buy" rating and issued a $150.00 price objective (up from $110.00) on shares of e.l.f. Beauty in a research note on Friday, June 13th. Piper Sandler reaffirmed an "overweight" rating and issued a $109.00 target price (up previously from $81.00) on shares of e.l.f. Beauty in a report on Thursday, May 29th. Finally, Morgan Stanley boosted their price objective on shares of e.l.f. Beauty from $70.00 to $105.00 and gave the stock an "equal weight" rating in a report on Thursday, May 29th. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $123.94.

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.