Envestnet Asset Management Inc. Purchases 5,012 Shares of e.l.f. Beauty $ELF

Envestnet Asset Management Inc. increased its holdings in shares of e.l.f. Beauty (NYSE:ELF) by 2.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 185,277 shares of the company’s stock after acquiring an additional 5,012 shares during the period. Envestnet Asset Management Inc. owned about 0.33% of e.l.f. Beauty worth $23,051,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Shaker Investments LLC OH acquired a new position in e.l.f. Beauty in the second quarter worth $506,000. AlphaQuest LLC raised its holdings in shares of e.l.f. Beauty by 221.0% in the second quarter. AlphaQuest LLC now owns 1,101 shares of the company’s stock valued at $137,000 after buying an additional 758 shares during the last quarter. First Citizens Bank & Trust Co. acquired a new position in e.l.f. Beauty during the 2nd quarter worth about $712,000. Strategic Blueprint LLC bought a new stake in e.l.f. Beauty during the 2nd quarter worth about $250,000. Finally, Ethic Inc. grew its holdings in e.l.f. Beauty by 44.5% during the 2nd quarter. Ethic Inc. now owns 9,841 shares of the company’s stock worth $1,243,000 after acquiring an additional 3,029 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

Insider Transactions at e.l.f. Beauty

In related news, SVP Joshua Allen Franks sold 7,913 shares of the business’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $145.00, for a total transaction of $1,147,385.00. Following the sale, the senior vice president owned 99,369 shares in the company, valued at $14,408,505. The trade was a 7.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Tarang Amin sold 116,315 shares of the business’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $132.24, for a total transaction of $15,381,495.60. Following the completion of the sale, the chief executive officer directly owned 81,818 shares in the company, valued at approximately $10,819,612.32. This represents a 58.71% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 301,060 shares of company stock valued at $40,994,733. Corporate insiders own 3.90% of the company’s stock.

e.l.f. Beauty Trading Down 2.3%

Shares of ELF stock opened at $118.21 on Wednesday. The stock has a market cap of $7.01 billion, a P/E ratio of 69.53, a price-to-earnings-growth ratio of 2.81 and a beta of 1.61. e.l.f. Beauty has a 1 year low of $49.40 and a 1 year high of $150.99. The company has a current ratio of 3.26, a quick ratio of 2.34 and a debt-to-equity ratio of 0.32. The stock has a 50 day simple moving average of $132.66 and a 200 day simple moving average of $114.14.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, August 6th. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. e.l.f. Beauty had a return on equity of 16.36% and a net margin of 7.29%.The firm had revenue of $353.74 million for the quarter, compared to the consensus estimate of $348.99 million. During the same quarter last year, the business posted $1.10 EPS. The company’s revenue was up 9.0% compared to the same quarter last year. On average, research analysts predict that e.l.f. Beauty will post 2.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. JPMorgan Chase & Co. upped their price objective on e.l.f. Beauty from $130.00 to $168.00 and gave the stock an “overweight” rating in a report on Friday, October 10th. Jefferies Financial Group boosted their price target on shares of e.l.f. Beauty from $135.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, October 28th. Canaccord Genuity Group reiterated a “buy” rating and issued a $165.00 price target on shares of e.l.f. Beauty in a report on Tuesday, October 21st. UBS Group boosted their target price on e.l.f. Beauty from $112.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group upped their target price on e.l.f. Beauty from $137.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.07.

e.l.f. Beauty Company 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.