PFG Investments LLC Buys 510 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

PFG Investments LLC increased its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 24.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,621 shares of the company’s stock after buying an additional 510 shares during the quarter. PFG Investments LLC’s holdings in e.l.f. Beauty were worth $514,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its holdings in shares of e.l.f. Beauty by 235.8% during the 3rd quarter. Wellington Management Group LLP now owns 2,414,601 shares of the company’s stock worth $265,196,000 after purchasing an additional 1,695,585 shares in the last quarter. FMR LLC increased its holdings in e.l.f. Beauty by 641.2% in the 3rd quarter. FMR LLC now owns 832,404 shares of the company’s stock valued at $91,423,000 after buying an additional 720,098 shares during the period. Norges Bank acquired a new position in shares of e.l.f. Beauty in the 4th quarter valued at $95,611,000. William Blair Investment Management LLC lifted its holdings in shares of e.l.f. Beauty by 58.2% during the 3rd quarter. William Blair Investment Management LLC now owns 1,424,268 shares of the company’s stock worth $156,427,000 after acquiring an additional 523,903 shares during the period. Finally, Lord Abbett & CO. LLC boosted its position in shares of e.l.f. Beauty by 152.6% during the 3rd quarter. Lord Abbett & CO. LLC now owns 421,219 shares of the company’s stock valued at $46,262,000 after acquiring an additional 254,469 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors.

e.l.f. Beauty Trading Down 4.3 %

Shares of ELF traded down $7.77 during trading hours on Monday, hitting $171.86. 1,525,711 shares of the stock traded hands, compared to its average volume of 1,592,161. The firm has a market capitalization of $9.54 billion, a PE ratio of 76.04, a price-to-earnings-growth ratio of 1.69 and a beta of 1.57. e.l.f. Beauty, Inc. has a 1-year low of $83.80 and a 1-year high of $221.83. The company has a current ratio of 1.50, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27. The business has a fifty day moving average of $186.53 and a 200-day moving average of $152.69.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.11. e.l.f. Beauty had a net margin of 14.53% and a return on equity of 28.98%. The business had revenue of $270.94 million during the quarter, compared to the consensus estimate of $239.66 million. Analysts expect that e.l.f. Beauty, Inc. will post 2.5 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ELF. Bank of America lifted their price objective on e.l.f. Beauty from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. DA Davidson reissued a “buy” rating and set a $220.00 price target on shares of e.l.f. Beauty in a report on Monday, April 8th. JPMorgan Chase & Co. upped their price objective on shares of e.l.f. Beauty from $130.00 to $175.00 and gave the stock an “overweight” rating in a research note on Thursday, January 18th. StockNews.com lowered shares of e.l.f. Beauty from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. Finally, Raymond James increased their price target on e.l.f. Beauty from $140.00 to $180.00 and gave the stock a “strong-buy” rating in a research report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $184.33.

Insider Activity

In related news, insider Mandy J. Fields sold 1,250 shares of e.l.f. Beauty stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $174.90, for a total transaction of $218,625.00. Following the completion of the sale, the insider now directly owns 77,146 shares of the company’s stock, valued at $13,492,835.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other e.l.f. Beauty news, CEO Tarang Amin sold 74,451 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $166.40, for a total value of $12,388,646.40. Following the completion of the sale, the chief executive officer now owns 316,161 shares of the company’s stock, valued at $52,609,190.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mandy J. Fields sold 1,250 shares of e.l.f. Beauty stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $174.90, for a total transaction of $218,625.00. Following the transaction, the insider now directly owns 77,146 shares in the company, valued at $13,492,835.40. The disclosure for this sale can be found here. Insiders have sold a total of 178,081 shares of company stock valued at $30,457,064 in the last 90 days. 5.20% of the stock is owned by company insiders.

e.l.f. Beauty Company 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.