Menard Financial Group LLC Purchases 887 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Menard Financial Group LLC grew its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 47.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,774 shares of the company’s stock after purchasing an additional 887 shares during the quarter. Menard Financial Group LLC’s holdings in e.l.f. Beauty were worth $585,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of ELF. Baillie Gifford & Co. purchased a new position in e.l.f. Beauty in the 2nd quarter valued at approximately $801,693,000. Clearbridge Investments LLC purchased a new position in shares of e.l.f. Beauty in the first quarter valued at $133,940,000. Norges Bank bought a new stake in shares of e.l.f. Beauty during the 4th quarter valued at $95,611,000. 1832 Asset Management L.P. purchased a new stake in e.l.f. Beauty during the 1st quarter worth about $61,299,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in e.l.f. Beauty by 81.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 468,670 shares of the company’s stock valued at $98,758,000 after buying an additional 210,873 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Up 1.7 %

Shares of ELF opened at $116.63 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.77 and a quick ratio of 1.10. e.l.f. Beauty, Inc. has a 1 year low of $88.47 and a 1 year high of $221.83. The stock has a 50 day simple moving average of $162.94 and a two-hundred day simple moving average of $177.52. The firm has a market cap of $6.58 billion, a P/E ratio of 52.54, a P/E/G ratio of 2.37 and a beta of 1.44.

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

Insider Buying and Selling

In other e.l.f. Beauty news, CEO Tarang Amin sold 548 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $175.00, for a total transaction of $95,900.00. Following 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Joshua Allen Franks sold 3,370 shares of e.l.f. Beauty stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $201.28, for a total transaction of $678,313.60. Following the completion of the transaction, the senior vice president now directly owns 71,986 shares in the company, valued at $14,489,342.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Tarang Amin sold 548 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 214,507 shares in the company, valued at $37,538,725. The disclosure for this sale can be found here. Insiders sold a total of 19,304 shares of company stock valued at $3,864,492 over the last three months. Corporate insiders own 5.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ELF shares. Canaccord Genuity Group increased their price target on shares of e.l.f. Beauty from $214.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. Stifel Nicolaus raised their price target on shares of e.l.f. Beauty from $151.00 to $161.00 and gave the company a “hold” rating in a report on Monday, July 22nd. TD Cowen decreased their price target on shares of e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday. Baird R W raised e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 18th. Finally, Truist Financial upped their target price on e.l.f. Beauty from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $205.33.

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.