3,116 Shares in e.l.f. Beauty, Inc. (NYSE:ELF) Bought by FORA Capital LLC

FORA Capital LLC acquired a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,116 shares of the company’s stock, valued at approximately $611,000.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of e.l.f. Beauty by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 6,050,649 shares of the company’s stock valued at $873,351,000 after buying an additional 79,701 shares in the last quarter. Wellington Management Group LLP grew its holdings in e.l.f. Beauty by 5.2% during the 4th quarter. Wellington Management Group LLP now owns 2,540,832 shares of the company’s stock worth $366,744,000 after acquiring an additional 126,231 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of e.l.f. Beauty by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 952,863 shares of the company’s stock valued at $137,538,000 after purchasing an additional 7,999 shares during the last quarter. Norges Bank bought a new position in shares of e.l.f. Beauty in the 4th quarter valued at about $95,611,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in e.l.f. Beauty by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 631,550 shares of the company’s stock worth $91,158,000 after acquiring an additional 24,191 shares during the last quarter. 92.44% of the stock is owned by institutional investors.

Insider Activity

In related news, SVP Joshua Allen Franks sold 29,388 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $166.40, for a total value of $4,890,163.20. Following the sale, the senior vice president now directly owns 108,748 shares in the company, valued at $18,095,667.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 29,388 shares of the stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $166.40, for a total transaction of $4,890,163.20. Following the transaction, the senior vice president now directly owns 108,748 shares in the company, valued at approximately $18,095,667.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jennifer Catherine Hartnett sold 9,808 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $184.96, for a total value of $1,814,087.68. Following the transaction, the insider now owns 61,647 shares in the company, valued at $11,402,229.12. The disclosure for this sale can be found here. Insiders sold 249,335 shares of company stock valued at $42,918,723 over the last quarter. 5.20% of the stock is owned by company insiders.

e.l.f. Beauty Price Performance

NYSE ELF traded up $3.01 during trading on Monday, hitting $203.25. 878,834 shares of the company’s stock were exchanged, compared to its average volume of 1,580,933. The company has a current ratio of 1.60, a quick ratio of 0.95 and a debt-to-equity ratio of 0.25. The company has a market cap of $11.37 billion, a PE ratio of 91.84, a P/E/G ratio of 5.08 and a beta of 1.46. e.l.f. Beauty, Inc. has a fifty-two week low of $88.47 and a fifty-two week high of $221.83. The stock’s 50 day moving average price is $184.48 and its two-hundred day moving average price is $176.97.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Wednesday, May 22nd. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.16. e.l.f. Beauty had a return on equity of 26.64% and a net margin of 12.47%. The company had revenue of $321.14 million during the quarter, compared to the consensus estimate of $292.47 million. Research analysts expect that e.l.f. Beauty, Inc. will post 2.85 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on ELF shares. JPMorgan Chase & Co. dropped their target price on shares of e.l.f. Beauty from $197.00 to $182.00 and set an “overweight” rating on the stock in a report on Thursday, May 23rd. Stifel Nicolaus lowered their target price on shares of e.l.f. Beauty from $167.00 to $151.00 and set a “hold” rating on the stock in a report on Monday, May 20th. DA Davidson reaffirmed a “buy” rating and set a $220.00 price objective on shares of e.l.f. Beauty in a research report on Monday, June 3rd. Raymond James reaffirmed a “strong-buy” rating and set a $235.00 price objective (up from $215.00) on shares of e.l.f. Beauty in a research report on Friday, June 14th. Finally, Truist Financial boosted their target price on shares of e.l.f. Beauty from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, e.l.f. Beauty presently has an average rating of “Moderate Buy” and a consensus target price of $198.93.

e.l.f. Beauty Profile

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.