e.l.f. Beauty (NYSE:ELF) Shares Bought by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC grew its stake in e.l.f. Beauty (NYSE:ELF) by 17.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,226 shares of the company’s stock after buying an additional 472 shares during the period. Flagship Harbor Advisors LLC’s holdings in e.l.f. Beauty were worth $203,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Champlain Investment Partners LLC lifted its position in e.l.f. Beauty by 99.7% in the fourth 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 grew its holdings in shares of e.l.f. Beauty by 40.9% during the fourth quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company’s stock worth $289,437,000 after purchasing an additional 669,321 shares during the last quarter. Aspex Management HK Ltd acquired a new stake in shares of e.l.f. Beauty during the fourth quarter worth about $73,576,000. Raymond James Financial Inc. purchased a new stake in shares of e.l.f. Beauty in the 4th quarter valued at about $68,775,000. Finally, AXA S.A. lifted its holdings in shares of e.l.f. Beauty by 2,074.4% in the 4th quarter. AXA S.A. now owns 394,005 shares of the company’s stock valued at $49,467,000 after purchasing an additional 375,885 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

e.l.f. Beauty Trading Down 0.4%

NYSE ELF opened at $124.92 on Friday. The stock has a market capitalization of $7.04 billion, a P/E ratio of 64.72, a P/E/G ratio of 2.97 and a beta of 1.52. e.l.f. Beauty has a 52-week low of $49.40 and a 52-week high of $219.77. The firm has a 50-day moving average price of $91.67 and a 200 day moving average price of $91.05. 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 (NYSE:ELF) last released its earnings results on Wednesday, May 28th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.06. The company had revenue of $332.65 million for the quarter, compared to analysts’ expectations of $327.45 million. e.l.f. Beauty had a return on equity of 17.98% and a net margin of 8.53%. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.53 EPS. Equities research analysts expect that e.l.f. Beauty will post 2.38 EPS for the current year.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 97,915 shares of the stock in a transaction on Monday, April 21st. The stock was sold at an average price of $53.36, for a total value of $5,224,744.40. Following the completion of the transaction, the chief executive officer now owns 181,289 shares in the company, valued at approximately $9,673,581.04. This represents a 35.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Joshua Allen Franks sold 51,353 shares of the business’s stock in a transaction on Monday, April 21st. The stock was sold at an average price of $53.36, for a total transaction of $2,740,196.08. Following the sale, the senior vice president now owns 114,660 shares in the company, valued at $6,118,257.60. The trade was a 30.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 327,207 shares of company stock worth $25,252,926 over the last three months. 3.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on ELF shares. Truist Financial lifted their price target on e.l.f. Beauty from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, June 6th. B. Riley reaffirmed a “buy” rating and issued a $150.00 target price (up from $110.00) on shares of e.l.f. Beauty in a report on Friday, June 13th. Bank of America upped their price target on shares of e.l.f. Beauty from $113.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, June 20th. JPMorgan Chase & Co. increased their price target 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. Finally, 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. Five equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and an average price target of $118.88.

e.l.f. Beauty 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.