e.l.f. Beauty $ELF Shares Purchased by Aurora Investment Counsel

Aurora Investment Counsel raised its holdings in shares of e.l.f. Beauty (NYSE:ELF) by 41.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,625 shares of the company’s stock after buying an additional 1,940 shares during the period. Aurora Investment Counsel’s holdings in e.l.f. Beauty were worth $824,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in e.l.f. Beauty during the first quarter valued at approximately $33,000. Larson Financial Group LLC lifted its position in e.l.f. Beauty by 56.5% during the 1st quarter. Larson Financial Group LLC now owns 676 shares of the company’s stock worth $42,000 after acquiring an additional 244 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in e.l.f. Beauty by 577.7% during the 1st quarter. Smartleaf Asset Management LLC now owns 759 shares of the company’s stock worth $49,000 after acquiring an additional 647 shares in the last quarter. Signaturefd LLC lifted its position in e.l.f. Beauty by 27.9% during the 1st quarter. Signaturefd LLC now owns 858 shares of the company’s stock worth $54,000 after acquiring an additional 187 shares in the last quarter. Finally, Brooklyn Investment Group lifted its position in e.l.f. Beauty by 6,242.9% during the 1st quarter. Brooklyn Investment Group now owns 888 shares of the company’s stock worth $56,000 after acquiring an additional 874 shares in the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ELF shares. JPMorgan Chase & Co. boosted their price target on e.l.f. Beauty from $130.00 to $168.00 and gave the stock an “overweight” rating in a research report on Friday, October 10th. B. Riley boosted their price target on e.l.f. Beauty from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. Raymond James Financial boosted their price target on e.l.f. Beauty from $155.00 to $165.00 and gave the stock a “strong-buy” rating in a research report on Monday. UBS Group boosted their price target on e.l.f. Beauty from $112.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group boosted their price target on e.l.f. Beauty from $137.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $142.73.

e.l.f. Beauty Stock Performance

Shares of ELF opened at $127.62 on Tuesday. The company has a quick ratio of 2.34, a current ratio of 3.26 and a debt-to-equity ratio of 0.32. The firm has a market cap of $7.57 billion, a price-to-earnings ratio of 75.07, a PEG ratio of 3.17 and a beta of 1.57. e.l.f. Beauty has a 52-week low of $49.40 and a 52-week high of $150.99. The business’s 50 day moving average is $131.38 and its two-hundred day moving average is $108.22.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.05. The business had revenue of $353.74 million for the quarter, compared to analyst estimates of $348.99 million. e.l.f. Beauty had a return on equity of 16.36% and a net margin of 7.29%.The business’s revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.10 EPS. Analysts forecast that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

Insider Buying and Selling at e.l.f. Beauty

In related news, SVP Joshua Allen Franks sold 7,913 shares of the company’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $145.00, for a total transaction of $1,147,385.00. Following the sale, the senior vice president directly owned 99,369 shares of the company’s stock, valued at approximately $14,408,505. This represents a 7.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Mandy J. Fields sold 5,298 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $150.21, for a total value of $795,812.58. Following the sale, the insider directly owned 58,856 shares in the company, valued at approximately $8,840,759.76. This represents a 8.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 301,060 shares of company stock worth $40,994,733. 3.90% of the stock is owned by insiders.

e.l.f. Beauty Profile

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.