Black Swift Group LLC Makes New $1.06 Million Investment in e.l.f. Beauty, Inc. (NYSE:ELF)

Black Swift Group LLC bought a new stake in e.l.f. Beauty, Inc. (NYSE:ELF) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,700 shares of the company’s stock, valued at approximately $1,058,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC bought a new position in shares of e.l.f. Beauty in the 2nd quarter valued at about $26,000. Matrix Trust Co acquired a new stake in e.l.f. Beauty during the 2nd quarter worth $27,000. Innealta Capital LLC bought a new stake in shares of e.l.f. Beauty during the 2nd quarter valued at $30,000. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of e.l.f. Beauty by 405.9% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock valued at $36,000 after purchasing an additional 138 shares during the period. Finally, Crewe Advisors LLC boosted its position in shares of e.l.f. Beauty by 456.3% in the 2nd quarter. Crewe Advisors LLC now owns 178 shares of the company’s stock worth $38,000 after purchasing an additional 146 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Piper Sandler reaffirmed an “overweight” rating and issued a $165.00 target price (up previously from $162.00) on shares of e.l.f. Beauty in a research note on Thursday, November 7th. Stifel Nicolaus reduced their price target on e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating for the company in a research report on Thursday, November 7th. Truist Financial cut their price objective on shares of e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Raymond James reiterated a “strong-buy” rating and issued a $235.00 price target on shares of e.l.f. Beauty in a research note on Monday, July 22nd. Finally, Jefferies Financial Group dropped their target price on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $173.53.

Insider Buying and Selling at e.l.f. Beauty

In related news, CEO Tarang Amin sold 23,528 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the completion of the transaction, the chief executive officer now owns 106,016 shares in the company, valued at $14,465,883.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.50% of the stock is currently owned by corporate insiders.

e.l.f. Beauty Stock Performance

Shares of e.l.f. Beauty stock traded down $1.00 during trading hours on Thursday, reaching $121.96. 117,416 shares of the stock traded hands, compared to its average volume of 1,900,365. The company has a 50 day moving average price of $111.68 and a 200 day moving average price of $154.73. e.l.f. Beauty, Inc. has a one year low of $98.50 and a one year high of $221.83. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $6.87 billion, a price-to-earnings ratio of 66.39, a P/E/G ratio of 2.88 and a beta of 1.44.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.34. The company had revenue of $301.10 million for the quarter, compared to the consensus estimate of $289.43 million. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. e.l.f. Beauty’s revenue for the quarter was up 39.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.66 EPS. On average, equities research analysts expect that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current fiscal year.

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.