SG Americas Securities LLC increased its holdings in Elf Beauty Inc. (NYSE:ELF – free report ) by 55.0% in the first quarter, according to its latest Form 13F filing with the SEC. The fund acquired an additional 760 shares during the quarter, bringing its holdings to 2,141 shares of the company. As of the end of the most recent reporting period, SG Americas Securities LLC’s holdings in Elf Beauty stock were worth $420,000.
A number of other hedge funds have also recently bought and sold shares of the company. 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 acquiring an additional 56 shares in the last quarter. First Trust Direct Index increased its holdings in Elf Beauty by 3.2% in the fourth quarter. First Trust Direct Index now holds 2,106 shares of the company’s stock, valued at $304,000, after acquiring an additional 65 shares during the period. The Alaska Department of Taxation increased its holdings in Elf Beauty by 0.3% in the fourth quarter. The Alaska Department of Taxation now holds 33,993 shares of the company’s stock, valued at $4,906,000, after acquiring an additional 85 shares during the period. GAMMA Investing LLC increased its holdings in elf Beauty by 33.2% during the first quarter. GAMMA Investing LLC bought an additional 88 shares during the period so it now owns 353 shares, valued at $69,000. Finally, American International Group Inc. increased its holdings in elf Beauty by 0.3% during the fourth quarter. American International Group Inc. bought an additional 90 shares during the period so it now owns 29,435 shares, valued at $4,249,000. Hedge funds and other institutional investors own 92.44% of the company’s shares.
ELF BEAUTY Price Performance
ELF Beauty shares opened trading at $177.52 on Friday. The stock’s 50-day moving average is $190.36 and its 200-day moving average is $180.19. ELF Beauty’s 12-month low and high are $88.47 and $221.83, respectively. The company has a market capitalization of $10.01 billion, a price-to-earnings ratio (PE) of 79.96, a PEG ratio of 3.75 and a beta of 1.46. The company has a current ratio of 1.60, a quick ratio of 0.95 and a debt-to-equity ratio of 0.25.
ELF Beauty (NYSE:ELF – get free report ) released its quarterly earnings report on Wednesday, May 22nd. The company reported $0.37 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 analyst estimates of $292.47 million. On average, research analysts expect ELF Beauty to post EPS of $2.83 for the current fiscal year.
elf Beauty Insider Activities
In other ELF Beauty news, SVP Joshua Allen Franks sold 12,506 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $172.50, for a total transaction value of $2,157,285.00. Following the sale, the SVP now directly owns 86,237 shares of the company’s stock, valued at $14,875,882.50. The sale was disclosed in a document filed with the SEC, which is available on the SEC’s website. In other ELF Beauty news, SVP Joshua Allen Franks sold 12,506 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $172.50, for a total transaction value of $2,157,285.00. Following this sale, the Executive Vice President now directly owns 86,237 shares of the company’s stock, valued at $14,875,882.50. The sale was disclosed in a document filed with the SEC, which can be viewed on the SEC’s website. Additionally, CEO Taran Amin sold 15,386 shares of the company’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $200.85, for a total value of $3,090,278.10. Following the sale, the CEO now owns 171,329 shares of the company’s stock, valued at $34,411,429.65. The disclosure for this sale can be found here. In the last 3 months, insiders have sold 134,117 shares of the company’s stock, valued at $24,394,943. Insiders now own 5.20% of the company’s stock.
Wall Street analysts predict growth
Several analysts have issued reports on the company. Robert W. Baird raised ELF Beauty’s rating from a “neutral” to an “outperform” rating and increased their price target for the company from $210.00 to $230.00 in a report on Thursday. Piper Sandler raised their price target for ELF Beauty from $210.00 to $258.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. DA Davidson reaffirmed a “buy” rating and set a price target of $220.00 on shares of ELF Beauty in a report on Monday, June 3rd. Raymond James reaffirmed a “strong buy” rating and set a price target of $235.00 on shares of ELF Beauty in a report on Friday, June 14th. Finally, Canaccord Genuity Group boosted their price target on elf Beauty from $214.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating, and two have given a strong buy rating. According to data from MarketBeat.com, the company’s consensus rating on the stock currently is a “moderate buy” with an average target price of $206.29.
Check out the latest research report on ELF Beauty
Elf Beauty 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.
Feature Articles
Want to see what other hedge funds are holding ELF? Visit HoldingsChannel.com to get the latest 13F filings and insider transactions for elf Beauty, Inc. (NYSE:ELF – FREE Report).
Get elf Beauty News and Ratings Daily – Enter your email address below to receive a concise summary of the latest news and analyst ratings on elf Beauty and related companies every day with MarketBeat.com’s free email newsletter.
