EFG Asset Management Americas Corp. Buys Shares of 4,361 e.l.f. Beauty, Inc. (NYSE:ELF)

EFG Asset Management Americas Corp. purchased a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,361 shares of the company’s stock, valued at approximately $919,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of e.l.f. Beauty by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 6,050,649 shares of the company’s stock valued at $873,351,000 after purchasing an additional 79,701 shares during the last quarter. Baillie Gifford & Co. bought a new stake in e.l.f. Beauty during the 2nd quarter worth about $801,693,000. Wellington Management Group LLP boosted its stake in shares of 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 buying an additional 126,231 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in e.l.f. Beauty by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 952,863 shares of the company’s stock worth $137,538,000 after acquiring an additional 7,999 shares in the last quarter. Finally, Clearbridge Investments LLC acquired a new position in e.l.f. Beauty during the first quarter valued at approximately $133,940,000. Institutional investors own 92.44% of the company’s stock.

Insider Transactions at e.l.f. Beauty

In related news, CEO Tarang Amin sold 15,386 shares of the firm’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $200.85, for a total value of $3,090,278.10. Following the transaction, the chief executive officer now directly owns 171,329 shares of the company’s stock, valued at approximately $34,411,429.65. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 3,370 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $201.28, for a total transaction of $678,313.60. Following the sale, the senior vice president now directly 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 SEC, which is available through this hyperlink. Also, CEO Tarang Amin sold 15,386 shares of the stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $200.85, for a total value of $3,090,278.10. Following the sale, the chief executive officer now owns 171,329 shares of the company’s stock, valued at approximately $34,411,429.65. The disclosure for this sale can be found here. Insiders have sold 19,304 shares of company stock worth $3,864,492 in the last quarter. Company insiders own 5.20% of the company’s stock.

e.l.f. Beauty Stock Down 9.6 %

ELF traded down $13.09 on Friday, hitting $122.60. The company had a trading volume of 4,259,068 shares, compared to its average volume of 1,683,028. e.l.f. Beauty, Inc. has a 52-week low of $88.47 and a 52-week high of $221.83. The firm has a market capitalization of $6.86 billion, a P/E ratio of 55.23, a P/E/G ratio of 3.12 and a beta of 1.46. 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 stock has a fifty day simple moving average of $171.80 and a 200-day simple moving average of $180.25.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.20. The company had revenue of $324.48 million during the quarter, compared to analyst estimates of $303.60 million. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. As a group, equities analysts expect that e.l.f. Beauty, Inc. will post 2.88 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on ELF shares. Baird R W raised shares of e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 18th. JPMorgan Chase & Co. reduced their price target on e.l.f. Beauty from $224.00 to $207.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Canaccord Genuity Group upped their price objective on e.l.f. Beauty from $214.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Raymond James reaffirmed a “strong-buy” rating and set a $235.00 price target on shares of e.l.f. Beauty in a report on Monday, July 22nd. Finally, Truist Financial upped their price objective on shares of e.l.f. Beauty from $200.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. 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 to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $216.43.

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.