ProShare Advisors LLC increased its holdings in elf Beauty, Inc. (NYSE:ELF – Free Report ) by 22.1% during the first quarter, according to its latest Form 13F filing with the SEC. The fund acquired an additional 2,250 shares during the period, bringing its holdings to 12,411 shares of the company. ProShare Advisors LLC’s holdings of elf Beauty were worth $2,433,000 at the end of the latest reporting period.
Other hedge funds have also recently added to or reduced their holdings of the company’s shares. Guidance Capital increased its holdings of Elf Beauty shares by 1.6% in the fourth quarter. Guidance Capital now owns 3,510 shares of the company, valued at $490,000, after purchasing an additional 56 shares in the last quarter. First Trust Direct Index LP increased its holdings of Elf Beauty shares by 3.2% in the fourth quarter. First Trust Direct Index LP purchased an additional 65 shares in the period and now owns 2,106 shares of the company, valued at $304,000. Alaska Department of Revenue increased its holdings of Elf Beauty shares by 0.3% in the fourth quarter. The Alaska Department of Revenue acquired an additional 85 shares in the last quarter and now owns 33,993 shares of the company, valued at $4,906,000. GAMMA Investing LLC increased its holdings in shares of elf Beauty by 33.2% during the first quarter. GAMMA Investing LLC now owns 353 shares of the company’s stock, valued at $69,000, after acquiring an additional 88 shares during the period. Finally, American International Group Inc. increased its holdings in shares of elf Beauty by 0.3% during the fourth quarter. American International Group Inc. now owns 29,435 shares of the company’s stock, valued at $4,249,000, after acquiring an additional 90 shares during the last quarter. 92.44% of the stock is now held by hedge funds and other institutional investors.
Analyst upgrades and downgrades
Several analysts have recently offered their opinions on ELF stock. Stifel Nicolaus lowered their price target on elf Beauty from $167.00 to $151.00 and set a “hold” rating on the stock in a research report on Monday, May 20th. TD Cowen raised their price target on elf Beauty from $190.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Baird RW raised their rating on elf Beauty from a “hold” to a “strong buy” rating in a research note on Thursday. Raymond James reaffirmed a “strong buy” rating on elf Beauty and raised their price target from $215.00 to $235.00 in a research report on Friday, June 14th. Finally, Bank of America boosted their price objective on ELF Beauty from $220.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, two have held, eleven have given a buy rating, and two have given a strong buy rating. According to MarketBeat data, the company currently has an average rating of a “moderate buy” and an average target price of $206.29.
View the latest stock report on ELF
ELF BEAUTY Price Performance
ELF Beauty’s shares opened trading at $177.52 on Friday. The company has a market capitalization of $10.01 billion, a P/E ratio of 79.96, a price-to-earnings growth ratio of 3.75 and a beta of 1.46. The company’s 50-day simple moving average is $190.36 and its 200-day simple moving average is $179.91. The company’s current ratio is 1.60, quick ratio is 0.95 and debt-to-equity ratio is 0.25. ELF Beauty’s low in the past 12 months is $88.47 and its high in the past 12 months is $221.83.
ELF Beauty (NYSE:ELF – Get free report ) announced its quarterly earnings on Wednesday, May 22nd. The company reported $0.37 earnings per share (EPS) 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 the consensus estimate of $292.47 million. Equities analysts expect ELF Beauty to post an EPS of 2.83 for the current fiscal year.
ELF BEAUTY insider trading
In related news, insider Mandy J. Fields sold 1,250 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $174.90, for a total value of $218,625.00. Following the completion of the sale, the insider now directly owns 77,146 shares of the company’s stock, valued at approximately $13,492,835.40. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which can be found at this link. In other news, insider Mandy J. Fields sold 1,250 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $174.90, for a total value of $218,625.00. Following the completion of the sale, the insider now directly owns 77,146 shares of the company’s stock, valued at approximately $13,492,835.40. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed on the SEC’s website. Additionally, Senior Vice President, Joshua Allen Franks sold 3,370 shares of the company’s stock in a transaction that took place 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 transaction, the Senior Vice President now 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 quarter, insiders sold 134,117 shares of the company’s stock, valued at $24,394,943. 5.20% of the stock is now owned by insiders.
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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