11,737 Shares in e.l.f. Beauty, Inc. (NYSE:ELF) Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. acquired a new position in e.l.f. Beauty, Inc. (NYSE:ELFFree Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,737 shares of the company’s stock, valued at approximately $1,694,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC raised its position in e.l.f. Beauty by 641.2% in the 3rd quarter. FMR LLC now owns 832,404 shares of the company’s stock worth $91,423,000 after purchasing an additional 720,098 shares during the period. State of Alaska Department of Revenue raised its position in e.l.f. Beauty by 0.3% in the 4th quarter. State of Alaska Department of Revenue now owns 33,993 shares of the company’s stock worth $4,906,000 after purchasing an additional 85 shares during the period. First Dallas Securities Inc. purchased a new stake in e.l.f. Beauty in the 3rd quarter worth about $3,569,000. Roman Butler Fullerton & Co. bought a new position in e.l.f. Beauty in the 4th quarter worth about $1,294,000. Finally, William Blair Investment Management LLC grew its stake in e.l.f. Beauty by 58.2% in the 3rd quarter. William Blair Investment Management LLC now owns 1,424,268 shares of the company’s stock worth $156,427,000 after acquiring an additional 523,903 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ELF has been the topic of a number of research analyst reports. Piper Sandler dropped their target price on shares of e.l.f. Beauty from $216.00 to $210.00 and set an “overweight” rating on the stock in a research note on Thursday, May 23rd. Stifel Nicolaus dropped their target price on shares of e.l.f. Beauty from $167.00 to $151.00 and set a “hold” rating on the stock in a research note on Monday, May 20th. Canaccord Genuity Group restated a “buy” rating and issued a $214.00 target price on shares of e.l.f. Beauty in a research note on Tuesday, May 21st. Truist Financial upped their target price on shares of 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. Finally, Bank of America dropped their target price on shares of e.l.f. Beauty from $230.00 to $220.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $188.00.

View Our Latest Research Report on e.l.f. Beauty

Insider Activity at e.l.f. Beauty

In related news, SVP Joshua Allen Franks sold 14,253 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were 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 owns 83,182 shares of the company’s stock, valued at $15,385,342.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other e.l.f. Beauty news, CEO Tarang Amin sold 42,953 shares of the firm’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $184.96, for a total value of $7,944,586.88. Following the completion of the transaction, the chief executive officer now owns 258,667 shares of the company’s stock, valued at $47,843,048.32. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Joshua Allen Franks sold 14,253 shares of the firm’s stock in a transaction on 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 transaction, the senior vice president now directly owns 83,182 shares of the company’s stock, valued at approximately $15,385,342.72. The disclosure for this sale can be found here. Insiders sold 245,095 shares of company stock valued at $42,024,340 over the last 90 days. Insiders own 5.20% of the company’s stock.

e.l.f. Beauty Trading Down 3.2 %

NYSE:ELF opened at $177.63 on Monday. e.l.f. Beauty, Inc. has a 52 week low of $88.47 and a 52 week high of $221.83. The firm has a 50 day moving average of $171.07 and a 200 day moving average of $166.62. The company has a quick ratio of 0.95, a current ratio of 1.60 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $9.94 billion, a price-to-earnings ratio of 80.01, a PEG ratio of 4.52 and a beta of 1.54.

e.l.f. Beauty Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for e.l.f. Beauty (NYSE:ELF)

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