Griffin Asset Management Inc. Acquires New Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Griffin Asset Management Inc. bought a new position in e.l.f. Beauty, Inc. (NYSE:ELFFree Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 1,758 shares of the company’s stock, valued at approximately $345,000.

Other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP raised its holdings in shares of e.l.f. Beauty by 235.8% in the 3rd quarter. Wellington Management Group LLP now owns 2,414,601 shares of the company’s stock valued at $265,196,000 after acquiring an additional 1,695,585 shares in the last quarter. Norges Bank purchased a new stake in e.l.f. Beauty in the fourth quarter valued at approximately $95,611,000. Zevenbergen Capital Investments LLC lifted its position in e.l.f. Beauty by 98.3% during the fourth quarter. Zevenbergen Capital Investments LLC now owns 395,137 shares of the company’s stock valued at $57,034,000 after purchasing an additional 195,854 shares during the last quarter. American Century Companies Inc. grew its stake in e.l.f. Beauty by 104.5% in the 3rd quarter. American Century Companies Inc. now owns 377,738 shares of the company’s stock worth $41,487,000 after buying an additional 192,988 shares in the last quarter. Finally, Braun Stacey Associates Inc. bought a new position in shares of e.l.f. Beauty in the 4th quarter worth $24,809,000. 92.44% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Tarang Amin sold 6,832 shares of e.l.f. Beauty stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $162.63, for a total transaction of $1,111,088.16. Following the sale, the chief executive officer now owns 228,175 shares of the company’s stock, valued at approximately $37,108,100.25. The sale was disclosed in a legal 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 727 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $165.16, for a total transaction of $120,071.32. Following the completion of the transaction, the senior vice president now owns 83,736 shares of the company’s stock, valued at $13,829,837.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Tarang Amin sold 6,832 shares of the company’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $162.63, for a total transaction of $1,111,088.16. Following the completion of the sale, the chief executive officer now directly owns 228,175 shares in the company, valued at $37,108,100.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 256,167 shares of company stock worth $44,029,811. 5.20% of the stock is currently owned by corporate insiders.

e.l.f. Beauty Price Performance

ELF stock opened at $210.72 on Friday. The firm’s 50-day moving average price is $181.64 and its two-hundred day moving average price is $174.76. The stock has a market capitalization of $11.79 billion, a price-to-earnings ratio of 94.92, a PEG ratio of 5.34 and a beta of 1.54. The company has a current ratio of 1.60, a quick ratio of 0.95 and a debt-to-equity ratio of 0.25. e.l.f. Beauty, Inc. has a 12-month low of $88.47 and a 12-month high of $221.83.

e.l.f. Beauty (NYSE:ELFGet Free Report) last posted its earnings results on Wednesday, May 22nd. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $321.14 million for the quarter, compared to analysts’ expectations of $292.47 million. As a group, equities analysts predict that e.l.f. Beauty, Inc. will post 2.85 earnings per share for the current year.

Wall Street Analyst Weigh In

ELF has been the subject of a number of research analyst reports. Canaccord Genuity Group lifted their price objective 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. Piper Sandler reiterated an “overweight” rating and issued a $210.00 price objective on shares of e.l.f. Beauty in a report on Monday, June 24th. JPMorgan Chase & Co. reduced their price objective on e.l.f. Beauty from $197.00 to $182.00 and set an “overweight” rating on the stock in a research report on Thursday, May 23rd. Truist Financial boosted their target price on e.l.f. Beauty from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Finally, Raymond James reiterated a “strong-buy” rating and set a $235.00 price target (up from $215.00) on shares of e.l.f. Beauty in a research report on Friday, June 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and a consensus target price of $198.93.

Check Out Our Latest Stock Analysis on ELF

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.

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

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