Park Avenue Securities LLC Buys 2,387 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Park Avenue Securities LLC raised its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 24.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,038 shares of the company’s stock after acquiring an additional 2,387 shares during the period. Park Avenue Securities LLC’s holdings in e.l.f. Beauty were worth $756,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ELF. Baillie Gifford & Co. increased its holdings in e.l.f. Beauty by 51.0% in the 4th quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company’s stock valued at $1,005,584,000 after acquiring an additional 2,703,742 shares during the last quarter. Champlain Investment Partners LLC increased its holdings in e.l.f. Beauty by 99.7% in the 4th quarter. Champlain Investment Partners LLC now owns 2,226,451 shares of the company’s stock valued at $279,531,000 after acquiring an additional 1,111,550 shares during the last quarter. William Blair Investment Management LLC increased its holdings in e.l.f. Beauty by 40.9% in the 4th quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company’s stock valued at $289,437,000 after acquiring an additional 669,321 shares during the last quarter. Aspex Management HK Ltd bought a new stake in e.l.f. Beauty in the 4th quarter valued at $73,576,000. Finally, Raymond James Financial Inc. purchased a new position in shares of e.l.f. Beauty in the 4th quarter worth $68,775,000. 92.44% of the stock is currently owned by institutional investors.

e.l.f. Beauty Price Performance

e.l.f. Beauty stock opened at $125.01 on Friday. The stock has a market cap of $7.04 billion, a price-to-earnings ratio of 73.97, a price-to-earnings-growth ratio of 6.76 and a beta of 1.52. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.17. e.l.f. Beauty, Inc. has a 1 year low of $49.40 and a 1 year high of $219.77. The firm has a 50-day moving average of $78.97 and a two-hundred day moving average of $91.58.

e.l.f. Beauty (NYSE:ELF) last released 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. e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. The company had revenue of $332.65 million during the quarter, compared to analysts’ expectations of $327.45 million. During the same period in the previous year, the company earned $0.53 EPS. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. On average, research analysts forecast that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

Insider Transactions at e.l.f. Beauty

In related news, insider Jennifer Catherine Hartnett sold 18,383 shares of the business’s stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $109.99, for a total transaction of $2,021,946.17. Following the completion of the transaction, the insider now owns 54,163 shares in the company, valued at $5,957,388.37. The trade was a 25.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Scott Milsten sold 1,442 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $114.78, for a total transaction of $165,512.76. Following the transaction, the insider now owns 117,394 shares of the company’s stock, valued at approximately $13,474,483.32. This trade represents a 1.21% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 327,207 shares of company stock valued at $25,252,926. Company insiders own 3.50% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on ELF. JPMorgan Chase & Co. lifted their price objective on shares of e.l.f. Beauty from $70.00 to $123.00 and gave the stock an “overweight” rating in a research note on Friday, May 30th. DA Davidson dropped their price objective on shares of e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating for the company in a research note on Monday, March 17th. B. Riley lifted their price objective on shares of e.l.f. Beauty from $110.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday. UBS Group lifted their price objective on shares of e.l.f. Beauty from $59.00 to $84.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 21st. Finally, Truist Financial lifted their price objective 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. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $124.24.

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.