2,378 Shares in e.l.f. Beauty, Inc. (NYSE:ELF) Acquired by PrairieView Partners LLC

PrairieView Partners LLC purchased a new position in e.l.f. Beauty, Inc. (NYSE:ELF) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,378 shares of the company’s stock, valued at approximately $467,000.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in e.l.f. Beauty by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 6,050,649 shares of the company’s stock valued at $873,351,000 after acquiring an additional 79,701 shares during the period. Wellington Management Group LLP raised 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 valued at $366,744,000 after acquiring an additional 126,231 shares during the period. Dimensional Fund Advisors LP grew its position in shares of e.l.f. Beauty by 0.8% during 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 in the last quarter. Norges Bank purchased a new position in shares of e.l.f. Beauty during the 4th quarter valued at $95,611,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of 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 valued at $91,158,000 after purchasing an additional 24,191 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

Insiders Place Their Bets

In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 727 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $165.16, for a total value of $120,071.32. Following the sale, the senior vice president now owns 83,736 shares in the company, valued at $13,829,837.76. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Kory Marchisotto sold 29,408 shares of the stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $166.40, for a total transaction of $4,893,491.20. Following the sale, the insider now owns 156,969 shares in the company, valued at $26,119,641.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Joshua Allen Franks sold 727 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $165.16, for a total transaction of $120,071.32. Following the sale, the senior vice president now owns 83,736 shares in the company, valued at approximately $13,829,837.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 264,721 shares of company stock worth $46,009,001. 5.20% of the stock is currently owned by company insiders.

e.l.f. Beauty Trading Up 4.8 %

Shares of NYSE:ELF traded up $9.51 during midday trading on Thursday, hitting $208.97. 1,133,727 shares of the stock traded hands, compared to its average volume of 1,569,830. e.l.f. Beauty, Inc. has a one year low of $88.47 and a one year high of $221.83. The stock has a market capitalization of $11.69 billion, a PE ratio of 89.90, a P/E/G ratio of 5.15 and a beta of 1.46. The business’s 50 day moving average is $186.81 and its two-hundred day moving average is $177.98. The company has a quick ratio of 0.95, a current ratio of 1.60 and a debt-to-equity ratio of 0.25.

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ELF shares. Bank of America boosted their price target on shares of e.l.f. Beauty from $220.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday. Raymond James reiterated a “strong-buy” rating and issued a $235.00 target price (up from $215.00) on shares of e.l.f. Beauty in a research report on Friday, June 14th. Stifel Nicolaus cut their target price on shares of e.l.f. Beauty from $167.00 to $151.00 and set a “hold” rating for the company in a research report on Monday, May 20th. JPMorgan Chase & Co. cut their target price on shares of e.l.f. Beauty from $197.00 to $182.00 and set an “overweight” rating for the company in a research report on Thursday, May 23rd. Finally, Piper Sandler upped their target price on shares of e.l.f. Beauty from $210.00 to $258.00 and gave the stock an “overweight” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $203.07.

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.