Menard Financial Group LLC Increases Stake in e.l.f. Beauty, Inc. (NYSE:ELF)

Menard Financial Group LLC lifted its position in e.l.f. Beauty, Inc. (NYSE:ELF) by 47.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,774 shares of the company’s stock after buying an additional 887 shares during the period. Menard Financial Group LLC’s holdings in e.l.f. Beauty were worth $585,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP lifted its position in e.l.f. Beauty by 5.2% in the 4th quarter. Wellington Management Group LLP now owns 2,540,832 shares of the company’s stock valued at $366,744,000 after acquiring an additional 126,231 shares in the last quarter. Swiss National Bank boosted its position in shares of e.l.f. Beauty by 0.5% during the first quarter. Swiss National Bank now owns 108,900 shares of the company’s stock valued at $21,348,000 after buying an additional 500 shares during the last quarter. Private Advisor Group LLC bought a new stake in e.l.f. Beauty in the 1st quarter worth about $417,000. WD Rutherford LLC increased its holdings in e.l.f. Beauty by 17.5% in the 2nd quarter. WD Rutherford LLC now owns 15,916 shares of the company’s stock worth $3,354,000 after buying an additional 2,374 shares in the last quarter. Finally, ProShare Advisors LLC raised its holdings in shares of e.l.f. Beauty by 22.1% during the first quarter. ProShare Advisors LLC now owns 12,411 shares of the company’s stock valued at $2,433,000 after purchasing an additional 2,250 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ELF shares. Piper Sandler restated an “overweight” rating and issued a $260.00 target price on shares of e.l.f. Beauty in a report on Monday, August 26th. TD Cowen cut their price objective on e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating for the company in a report on Thursday. DA Davidson reissued a “buy” rating and issued a $223.00 target price on shares of e.l.f. Beauty in a report on Wednesday, September 11th. Raymond James restated a “strong-buy” rating and set a $235.00 price target on shares of e.l.f. Beauty in a research note on Monday, July 22nd. Finally, UBS Group dropped their price objective on shares of e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.33.

e.l.f. Beauty Stock Up 1.7 %

Shares of ELF stock opened at $116.63 on Monday. The company has a market capitalization of $6.58 billion, a price-to-earnings ratio of 52.54, a PEG ratio of 2.37 and a beta of 1.44. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.77 and a quick ratio of 1.10. The company’s fifty day moving average price is $162.94 and its 200-day moving average price is $177.52. e.l.f. Beauty, Inc. has a one year low of $88.47 and a one year high of $221.83.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.20. e.l.f. Beauty had a return on equity of 23.30% and a net margin of 10.80%. The business had revenue of $324.48 million for the quarter, compared to analysts’ expectations of $303.60 million. Sell-side analysts expect that e.l.f. Beauty, Inc. will post 2.88 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Tarang Amin sold 548 shares of e.l.f. Beauty stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $175.00, for a total transaction of $95,900.00. Following the sale, the chief executive officer now owns 214,507 shares in the company, valued at $37,538,725. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Tarang Amin sold 548 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $175.00, for a total transaction of $95,900.00. Following the completion of the transaction, the chief executive officer now directly owns 214,507 shares of the company’s stock, valued at $37,538,725. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Joshua Allen Franks sold 3,370 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $201.28, for a total transaction of $678,313.60. Following the completion of the sale, the senior vice president now owns 71,986 shares in the company, valued at approximately $14,489,342.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,304 shares of company stock valued at $3,864,492. Corporate insiders own 5.20% of the company’s stock.

About e.l.f. Beauty

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.