e.l.f. Beauty, Inc. (NYSE:ELF) Stake Boosted by Portside Wealth Group LLC

Portside Wealth Group LLC boosted its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 3.2% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,982 shares of the company’s stock after purchasing an additional 93 shares during the period. Portside Wealth Group LLC’s holdings in e.l.f. Beauty were worth $628,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in e.l.f. Beauty by 5.2% in the fourth 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 period. Swiss National Bank increased its holdings 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 purchasing an additional 500 shares during the period. Roman Butler Fullerton & Co. acquired a new position in shares of e.l.f. Beauty during the fourth quarter valued at $1,294,000. Private Advisor Group LLC acquired a new position in shares of e.l.f. Beauty during the first quarter valued at $417,000. Finally, ProShare Advisors LLC increased 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 period. 92.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity at e.l.f. Beauty

In related news, CEO Tarang Amin sold 548 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $175.00, for a total value of $95,900.00. Following the completion of the transaction, the chief executive officer now owns 214,507 shares in the company, valued at approximately $37,538,725. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 14,253 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $184.96, for a total transaction of $2,636,234.88. Following the completion of the sale, the senior vice president now directly owns 83,182 shares in the company, valued at approximately $15,385,342.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Tarang Amin sold 548 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $175.00, for a total value of $95,900.00. Following the sale, the chief executive officer now owns 214,507 shares of the company’s stock, valued at $37,538,725. The disclosure for this sale can be found here. Insiders sold 97,390 shares of company stock worth $18,264,873 in the last quarter. 5.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

ELF has been the topic of a number of research analyst reports. TD Cowen raised their price target on e.l.f. Beauty from $190.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Bank of America raised their price target on e.l.f. Beauty from $220.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Baird R W raised e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 18th. Canaccord Genuity Group raised their price target on e.l.f. Beauty from $214.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. Finally, JPMorgan Chase & Co. decreased their target price on e.l.f. Beauty from $224.00 to $207.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. One 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $216.43.

e.l.f. Beauty Trading Up 2.4 %

Shares of NYSE:ELF traded up $3.66 during midday trading on Friday, reaching $159.20. The company had a trading volume of 2,168,942 shares, compared to its average volume of 1,664,504. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.95 and a current ratio of 1.60. e.l.f. Beauty, Inc. has a 1-year low of $88.47 and a 1-year high of $221.83. The firm has a market cap of $8.91 billion, a price-to-earnings ratio of 71.74, a price-to-earnings-growth ratio of 3.66 and a beta of 1.46. The company has a fifty day simple moving average of $187.15 and a two-hundred day simple moving average of $182.03.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, May 22nd. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.16. e.l.f. Beauty had a return on equity of 26.64% and a net margin of 12.47%. The business 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 2.84 earnings per share for the current year.

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.