QRG Capital Management Inc. reduced its holdings in Elf Beauty Inc. (NYSE:ELF – free report ) by 21.2% during the first quarter, according to the latest filing with the SEC. The firm sold 641 shares during the quarter and now holds 2,384 shares. QRG Capital Management Inc.’s holdings of Elf Beauty shares were worth $467,000 as of the latest filing with the SEC.
Other institutional investors also recently modified their holdings in the company. Harbor Investment Advisory LLC purchased a new stake in elf Beauty worth $31,000 in the first quarter. Oakworth Capital Inc. purchased a new stake in elf Beauty worth $33,000 in the first quarter. Armstrong Advisory Group Inc. increased its stake in elf Beauty by 390.2% in the fourth quarter. Armstrong Advisory Group Inc. now owns 201 shares of the company’s stock, valued at $29,000, after purchasing an additional 160 shares in the last quarter. Rise Advisors LLC purchased a new stake in elf Beauty worth $40,000 in the first quarter. Finally, GPS Wealth Strategies Group LLC increased its stake in elf Beauty by 66.4% in the fourth quarter. GPS Wealth Strategies Group LLC now owns 243 shares of the company’s stock, valued at $35,000, after purchasing an additional 97 shares during the last quarter. 92.44% of the stock is currently held by institutional investors.
Wall Street analysts predict growth
Several analysts have recently commented on the company. Robert W. Baird raised Elf Beauty’s rating from a “neutral” to an “outperform” rating and increased their price target from $210.00 to $230.00 in a research report on Thursday. Raymond James reaffirmed their “strong buy” rating on Elf Beauty and set their price target at $215.00 to $235.00 in a research report on Friday, June 14th. Baird RW raised their rating on Elf Beauty from a “hold” to a “strong buy” rating in a report on Thursday. Piper Sandler raised their price target on Elf Beauty from $210.00 to $258.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $220.00 price target on shares of elf Beauty in a report on Monday, June 3. One analyst has rated the stock as a sell, two have held, eleven have bought, and two have rated it as a strong buy. According to MarketBeat data, the stock currently has a consensus rating of a “moderate buy” with an average target price of $206.29.
Read the latest report on ELF
Elf Beauty Trading rose 3.8%
ELF shares opened trading at $177.52 on Friday. The company has a market cap of $10.01 billion, a price-to-earnings ratio of 79.96, a PEG ratio of 3.75 and a beta of 1.46. The company’s 50-day moving average is $190.36 and its 200-day 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, Inc.’s low in the past year is $88.47 and its high in the past year is $221.83.
ELF Beauty (NYSE:ELF – Get free report ) released its quarterly earnings report on Wednesday, May 22nd. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate 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 revenue for the quarter was $321.14 million, beating analyst estimates of $292.47 million. On average, equities research analysts expect ELF Beauty to post earnings per share of $2.83 for the year.
Insider trading
In related news, SVP Joshua Allen Franks sold 3,370 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $201.28, for a total transaction value of $678,313.60. Following the completion of the sale, the senior vice president now owns 71,986 shares of the company’s stock, valued at $14,489,342.08. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which is available on the SEC’s website. In other elf Beauty news, CEO Tarang Amin sold 23,519 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $163.70, for a total transaction value of $3,850,060.30. Following the transaction, the CEO now owns 10,890 shares of the company’s stock, valued at $1,782,693. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Additionally, Senior Vice President, Joshua Allen Franks sold 3,370 shares of the 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 completion of 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 90 days, insiders have sold 134,117 shares of the company’s stock, valued at $24,394,943. Company insiders own 5.20% of the company’s shares.
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.
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