Price T Rowe Associates Inc. MD Has $360.27 Million Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Price T Rowe Associates Inc. MD decreased its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 1.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,837,814 shares of the company’s stock after selling 32,493 shares during the period. Price T Rowe Associates Inc. MD owned about 3.31% of e.l.f. Beauty worth $360,268,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Harbor Investment Advisory LLC bought a new position in shares of e.l.f. Beauty during the first quarter valued at $31,000. Oakworth Capital Inc. bought a new position in e.l.f. Beauty during the 1st quarter valued at about $33,000. Rise Advisors LLC acquired a new position in shares of e.l.f. Beauty in the 1st quarter worth approximately $40,000. RFP Financial Group LLC acquired a new position in e.l.f. Beauty in the first quarter worth $42,000. Finally, Global Retirement Partners LLC increased its position in e.l.f. Beauty by 79.4% in the 1st quarter. Global Retirement Partners LLC now owns 244 shares of the company’s stock valued at $48,000 after acquiring an additional 108 shares in the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,519 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $163.70, for a total transaction of $3,850,060.30. Following the completion of the transaction, the chief executive officer now owns 10,890 shares of the company’s stock, valued at approximately $1,782,693. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 3,370 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were 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 approximately $14,489,342.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Tarang Amin sold 23,519 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $163.70, for a total value of $3,850,060.30. Following the completion of the transaction, the chief executive officer now owns 10,890 shares of the company’s stock, valued at approximately $1,782,693. The disclosure for this sale can be found here. In the last quarter, insiders have sold 120,361 shares of company stock valued at $22,019,033. 5.20% of the stock is owned by insiders.

e.l.f. Beauty Stock Up 7.3 %

Shares of e.l.f. Beauty stock traded up $12.47 on Friday, hitting $182.82. The company had a trading volume of 1,520,551 shares, compared to its average volume of 1,731,983. The stock has a 50-day moving average of $191.60 and a 200-day moving average of $181.32. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.60 and a quick ratio of 0.95. e.l.f. Beauty, Inc. has a twelve month low of $88.47 and a twelve month high of $221.83. The firm has a market capitalization of $10.31 billion, a P/E ratio of 82.35, a P/E/G ratio of 4.01 and a beta of 1.46.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Wednesday, May 22nd. The company reported $0.37 earnings per share 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 firm had revenue of $321.14 million during the quarter, compared to analyst estimates of $292.47 million. Research analysts predict that e.l.f. Beauty, Inc. will post 2.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ELF shares. Stifel Nicolaus upped their target price on shares of e.l.f. Beauty from $151.00 to $161.00 and gave the stock a “hold” rating in a research report on Monday, July 22nd. Canaccord Genuity Group increased their price objective on e.l.f. Beauty from $214.00 to $250.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. DA Davidson restated a “buy” rating and set a $220.00 target price on shares of e.l.f. Beauty in a research report on Monday, June 3rd. Truist Financial raised their price target on e.l.f. Beauty from $200.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Finally, TD Cowen boosted their price objective on e.l.f. Beauty from $190.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $210.00.

e.l.f. Beauty 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.