Roman Butler Fullerton & Co. Makes New Investment in e.l.f. Beauty, Inc. (NYSE:ELF)

Roman Butler Fullerton & Co. acquired a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 8,234 shares of the company's stock, valued at approximately $1,294,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ELF. State of Alaska Department of Revenue grew its position in e.l.f. Beauty by 0.3% during the fourth quarter. State of Alaska Department of Revenue now owns 33,993 shares of the company's stock valued at $4,906,000 after acquiring an additional 85 shares during the period. GPS Wealth Strategies Group LLC raised its stake in e.l.f. Beauty by 66.4% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 243 shares of the company's stock valued at $35,000 after buying an additional 97 shares in the last quarter. Guidance Capital Inc. grew its holdings in shares of e.l.f. Beauty by 3.0% during the third quarter. Guidance Capital Inc. now owns 3,454 shares of the company's stock valued at $379,000 after purchasing an additional 100 shares during the last quarter. Mutual of America Capital Management LLC grew its holdings in shares of e.l.f. Beauty by 1.2% during the fourth quarter. Mutual of America Capital Management LLC now owns 9,661 shares of the company's stock valued at $1,394,000 after purchasing an additional 117 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY grew its holdings in shares of e.l.f. Beauty by 5.3% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 2,984 shares of the company's stock valued at $165,000 after purchasing an additional 151 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

e.l.f. Beauty Price Performance

e.l.f. Beauty stock traded up $1.31 during midday trading on Thursday, reaching $167.57. The company's stock had a trading volume of 2,230,586 shares, compared to its average volume of 1,549,370. e.l.f. Beauty, Inc. has a 52 week low of $83.80 and a 52 week high of $221.83. The company has a current ratio of 1.50, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27. The business has a 50-day moving average price of $186.70 and a 200-day moving average price of $148.43. The stock has a market cap of $9.30 billion, a PE ratio of 73.57, a price-to-earnings-growth ratio of 1.54 and a beta of 1.57.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.11. The firm had revenue of $270.94 million for the quarter, compared to analyst estimates of $239.66 million. e.l.f. Beauty had a return on equity of 28.98% and a net margin of 14.53%. On average, sell-side analysts predict that e.l.f. Beauty, Inc. will post 2.5 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on ELF. JPMorgan Chase & Co. increased their price objective on e.l.f. Beauty from $130.00 to $175.00 and gave the company an "overweight" rating in a research report on Thursday, January 18th. DA Davidson reaffirmed a "buy" rating and issued a $220.00 price target on shares of e.l.f. Beauty in a research note on Monday, April 8th. Truist Financial boosted their target price on e.l.f. Beauty from $150.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, February 7th. StockNews.com downgraded e.l.f. Beauty from a "hold" rating to a "sell" rating in a report on Wednesday, February 7th. Finally, Morgan Stanley raised their price objective on shares of e.l.f. Beauty from $168.00 to $184.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $184.33.

Insider Activity

In related news, CEO Tarang Amin sold 23,519 shares of the company's stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $198.89, for a total transaction of $4,677,693.91. Following the completion of the sale, the chief executive officer now owns 10,889 shares in the company, valued at $2,165,713.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Tarang Amin sold 23,519 shares of the company's stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $198.89, for a total transaction of $4,677,693.91. Following the transaction, the chief executive officer now owns 10,889 shares of the company's stock, valued at approximately $2,165,713.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Joshua Allen Franks sold 727 shares of the company's stock in a transaction on Monday, April 15th. The shares were sold at an average price of $165.16, for a total value of $120,071.32. Following the transaction, the senior vice president now directly owns 83,736 shares in the company, valued at approximately $13,829,837.76. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company's stock.

About e.l.f. Beauty

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.