O Shaughnessy Asset Management LLC reduced its holdings in elf Beauty, Inc. (NYSE:ELF – free report) by 33.6% during the first quarter, according to its latest 13F filing with the SEC. The fund sold 1,828 shares during the period and now holds 3,616 shares of the company’s stock. O Shaughnessy Asset Management LLC’s holdings in elf Beauty were worth $709,000 at the end of the most recent quarter.
A number of other institutional investors also modified their holdings of ELF. Guidance Capital increased its holdings in elf Beauty by 1.6% in the fourth quarter. Guidance Capital now holds 3,510 shares of the company’s stock, valued at $490,000, after purchasing an additional 56 shares in the last quarter. First Trust Direct Index LP increased its holdings in elf Beauty by 3.2% in the fourth quarter. First Trust Direct Index LP now holds 2,106 shares of the company’s stock, valued at $304,000, after purchasing an additional 65 shares in the last quarter. The Alaska Department of Revenue increased its holdings of elf Beauty shares by 0.3% in the fourth quarter. The Alaska Department of Revenue now owns 33,993 shares of the company’s stock valued at $4,906,000 after purchasing an additional 85 shares in the last quarter. GAMMA Investing LLC increased its holdings of elf Beauty shares by 33.2% in the first quarter. GAMMA Investing LLC now owns 353 shares of the company’s stock valued at $69,000 after purchasing an additional 88 shares in the last quarter. Finally, American International Group Inc. increased its holdings of elf Beauty shares by 0.3% in the fourth quarter. American International Group Inc. now owns 29,435 shares of the company’s stock valued at $4,249,000 after purchasing an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.
ELF BEAUTY insider trading
In related news, CEO Taran Amin sold 42,953 shares of elf Beauty’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $184.96, for a total value of $7,944,586.88. Following the completion of the transaction, the CEO now owns 258,667 shares of the company’s stock, valued at $47,843,048.32. The sale was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Taran Amin sold 42,953 shares of the company’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $184.96, for a total value of $7,944,586.88.Following the completion of the transaction, the Chief Executive Officer now directly owns 258,667 shares of the company’s stock, valued at approximately $47,843,048.32. The transaction was disclosed in a legal filing with the SEC, available at this hyperlink. Additionally, Senior Vice President, Joshua Allen Franks sold 3,370 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $201.28, for a total value of $678,313.60. Following the sale, the Senior Vice President now directly owns 71,986 shares of the company’s stock, valued at approximately $14,489,342.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 120,361 shares of the company’s stock, valued at $22,019,033. Currently, 5.20% of the stock is owned by company insiders.
Analyst Rating Changes
ELF has been the subject of several analyst reports. Raymond James reaffirmed their “strong buy” rating on shares of ELF Beauty with a $235.00 price target in a report on Monday, July 22nd. DA Davidson reaffirmed their “buy” rating on shares of ELF Beauty with a $220.00 price target in a research report on Monday, June 3rd. Canaccord Genuity Group raised their price target on shares of ELF Beauty from $214.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Truist Financial raised their price target on shares of ELF Beauty from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Finally, JPMorgan Chase & Co. boosted their price objective on ELF Beauty from $182.00 to $224.00 and gave the company an “overweight” rating in a research report on Monday, July 22. One investment analyst has rated the stock with a sell rating, two have given it a hold rating, eleven have given it a buy rating, and two have given it a strong buy rating. According to MarketBeat data, the stock currently has a consensus rating of a “moderate buy” with a consensus target price of $210.00.
View our latest analysis for ELF Beauty
ELF BEAUTY Price Performance
ELF shares opened trading at $182.82 on Friday. The company has a market cap of $10.31 billion, a P/E ratio of 82.35, a PEG ratio of 3.74 and a beta of 1.46. elf Beauty, Inc.’s 52-week low is $88.47 and its 52-week high is $221.83. The company’s quick ratio is 0.95, current ratio is 1.60 and debt-to-equity ratio is 0.25. The company’s 50-day moving average price is $191.60 and its 200-day moving average price is $181.32.
ELF Beauty (NYSE:ELF – Get free report ) last released its quarterly earnings data on Wednesday, May 22nd. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.16. ELF Beauty had a return on equity of 26.64% and a net margin of 12.47%. The company’s revenues for the quarter were $321.14 million, beating analyst estimates of $292.47 million. On average, research analysts expect ELF Beauty to post earnings per share of $2.83 for the current fiscal year.
Elf Beauty Company Profile
(Free report)
elf Beauty, Inc., together with its subsidiaries, offers cosmetic and skin care products worldwide under the brand names elf Cosmetics, elf Skin, Well People and Keys Soulcare. The company offers eye, lip, face, foot and skin care products. The company sells its products through domestic and international retail and direct-to-consumer channels, including e-commerce platforms, in the United States and primarily through distributors abroad.
References
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