Voya Investment Management LLC Acquires 41,457 Shares of e.l.f. Beauty $ELF

Voya Investment Management LLC raised its holdings in e.l.f. Beauty (NYSE:ELF) by 42.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 139,721 shares of the company’s stock after purchasing an additional 41,457 shares during the quarter. Voya Investment Management LLC owned 0.25% of e.l.f. Beauty worth $8,773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. ProShare Advisors LLC grew its stake in e.l.f. Beauty by 7.1% in the 4th quarter. ProShare Advisors LLC now owns 2,635 shares of the company’s stock valued at $331,000 after purchasing an additional 174 shares during the period. Signaturefd LLC grew its stake in e.l.f. Beauty by 27.9% in the 1st quarter. Signaturefd LLC now owns 858 shares of the company’s stock valued at $54,000 after purchasing an additional 187 shares during the period. State of Michigan Retirement System grew its stake in e.l.f. Beauty by 1.5% in the 1st quarter. State of Michigan Retirement System now owns 13,500 shares of the company’s stock valued at $848,000 after purchasing an additional 200 shares during the period. Louisiana State Employees Retirement System grew its stake in e.l.f. Beauty by 1.3% in the 1st quarter. Louisiana State Employees Retirement System now owns 15,800 shares of the company’s stock valued at $992,000 after purchasing an additional 200 shares during the period. Finally, Advisors Asset Management Inc. grew its stake in e.l.f. Beauty by 19.3% in the 1st quarter. Advisors Asset Management Inc. now owns 1,279 shares of the company’s stock valued at $80,000 after purchasing an additional 207 shares during the period. Institutional investors own 92.44% of the company’s stock.

Wall Street Analysts Forecast Growth

ELF has been the subject of a number of recent analyst reports. Robert W. Baird upped their price objective on e.l.f. Beauty from $110.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, June 6th. Deutsche Bank Aktiengesellschaft downgraded e.l.f. Beauty from a “buy” rating to a “hold” rating and increased their price target for the stock from $121.00 to $128.00 in a research note on Tuesday, September 2nd. Canaccord Genuity Group set a $165.00 price target on e.l.f. Beauty in a research note on Tuesday, September 9th. Jefferies Financial Group set a $115.00 price target on e.l.f. Beauty and gave the stock a “buy” rating in a research note on Thursday, May 29th. Finally, Piper Sandler assumed coverage on e.l.f. Beauty in a research note on Thursday, September 4th. They set an “overweight” rating and a $150.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and an average price target of $131.73.

e.l.f. Beauty Trading Down 0.6%

NYSE ELF opened at $143.54 on Wednesday. The company has a quick ratio of 2.34, a current ratio of 3.26 and a debt-to-equity ratio of 0.32. e.l.f. Beauty has a twelve month low of $49.40 and a twelve month high of $147.33. The firm has a market capitalization of $8.51 billion, a PE ratio of 84.44, a P/E/G ratio of 3.50 and a beta of 1.59. The stock’s 50 day moving average is $120.74 and its 200 day moving average is $96.04.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. The business had revenue of $353.74 million during the quarter, compared to analysts’ expectations of $348.99 million. e.l.f. Beauty had a return on equity of 16.36% and a net margin of 7.29%.The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.10 earnings per share. Research analysts forecast that e.l.f. Beauty will post 2.38 earnings per share for the current fiscal year.

Insider Transactions at e.l.f. Beauty

In related news, Director Lauren Cooks Levitan sold 4,630 shares of the company’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $118.94, for a total transaction of $550,692.20. Following the completion of the sale, the director owned 11,507 shares in the company, valued at approximately $1,368,642.58. This represents a 28.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mandy J. Fields sold 55,692 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $136.28, for a total value of $7,589,705.76. Following the sale, the insider directly owned 64,154 shares of the company’s stock, valued at $8,742,907.12. This represents a 46.47% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 145,722 shares of company stock valued at $19,794,790. Insiders own 3.90% of the company’s stock.

e.l.f. Beauty Profile

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics 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.