Prelude Capital Management LLC Purchases New Stake in e.l.f. Beauty, Inc. (NYSE:ELF)

Prelude Capital Management LLC acquired a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF – Get Rating) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 11,014 shares of the company’s stock, valued at approximately $414,000.

Several other hedge funds and other institutional investors also recently modified their holdings of ELF. Oregon Public Employees Retirement Fund lifted its position in shares of e.l.f. Beauty by 4.8% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 16,532 shares of the company’s stock worth $622,000 after buying an additional 754 shares during the last quarter. Quantbot Technologies LP boosted its stake in e.l.f. Beauty by 260.1% in the third quarter. Quantbot Technologies LP now owns 30,350 shares of the company’s stock valued at $1,141,000 after acquiring an additional 21,922 shares during the period. Verition Fund Management LLC bought a new position in shares of e.l.f. Beauty during the second quarter valued at approximately $744,000. Thrivent Financial for Lutherans raised its position in shares of e.l.f. Beauty by 2.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,005,519 shares of the company’s stock worth $30,849,000 after purchasing an additional 20,600 shares during the period. Finally, Hillsdale Investment Management Inc. acquired a new stake in shares of e.l.f. Beauty during the 3rd quarter worth approximately $685,000. Institutional investors own 95.14% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Tarang Amin sold 69,703 shares of the stock in a transaction on Monday, March 6th. The stock was sold at an average price of $72.47, for a total transaction of $5,051,376.41. Following the completion of the sale, the chief executive officer now owns 286,964 shares in the company, valued at approximately $20,796,281.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Tarang Amin sold 69,703 shares of e.l.f. Beauty stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $72.47, for a total value of $5,051,376.41. Following the transaction, the chief executive officer now owns 286,964 shares of the company’s stock, valued at approximately $20,796,281.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Scott Milsten sold 55,000 shares of the company’s stock in a transaction dated Monday, January 9th. The shares were sold at an average price of $56.98, for a total transaction of $3,133,900.00. Following the sale, the insider now directly owns 127,560 shares of the company’s stock, valued at $7,268,368.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 282,420 shares of company stock worth $18,595,167. 8.20% of the stock is owned by insiders.

e.l.f. Beauty Price Performance

NYSE:ELF opened at $69.58 on Tuesday. The company has a quick ratio of 2.08, a current ratio of 3.00 and a debt-to-equity ratio of 0.16. The business’s 50-day moving average price is $64.75 and its 200 day moving average price is $52.76. e.l.f. Beauty, Inc. has a 52-week low of $20.49 and a 52-week high of $76.01. The firm has a market cap of $3.71 billion, a P/E ratio of 81.86, a PEG ratio of 2.12 and a beta of 1.49.

e.l.f. Beauty (NYSE:ELF – Get Rating) last posted its quarterly earnings data on Wednesday, February 1st. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.21. e.l.f. Beauty had a net margin of 9.43% and a return on equity of 15.00%. The company had revenue of $146.54 million during the quarter, compared to analyst estimates of $121.82 million. As a group, sell-side analysts predict that e.l.f. Beauty, Inc. will post 1.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on ELF. Cowen boosted their price objective on e.l.f. Beauty from $36.00 to $70.00 and gave the company a “market perform” rating in a research report on Thursday, February 16th. JPMorgan Chase & Co. upped their price target on shares of e.l.f. Beauty from $65.00 to $70.00 and gave the stock an “overweight” rating in a research report on Thursday, February 2nd. Bank of America lifted their price objective on shares of e.l.f. Beauty from $65.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, February 2nd. Morgan Stanley upped their target price on shares of e.l.f. Beauty from $64.00 to $75.00 and gave the stock an “overweight” rating in a research report on Thursday, February 2nd. Finally, Truist Financial lifted their price target on e.l.f. Beauty from $50.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, February 2nd. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $68.17.

About e.l.f. Beauty

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e.l.f. Beauty, Inc operates as a holding company, which engages in the provision of cosmetic and skin-care products. The company focuses on the e-commerce, national retailers, and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare. The company was founded in 2004 and is headquartered in Oakland, CA.