e.l.f. Beauty $ELF Stake Raised by Securian Asset Management Inc.

Securian Asset Management Inc. increased its holdings in e.l.f. Beauty (NYSE:ELF) by 2.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,327 shares of the company’s stock after acquiring an additional 100 shares during the period. Securian Asset Management Inc.’s holdings in e.l.f. Beauty were worth $538,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Stephens Inc. AR lifted its stake in e.l.f. Beauty by 3.7% in the 2nd quarter. Stephens Inc. AR now owns 4,988 shares of the company’s stock worth $621,000 after acquiring an additional 178 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of e.l.f. Beauty during the 2nd quarter worth about $663,000. Envestnet Portfolio Solutions Inc. raised its stake in shares of e.l.f. Beauty by 49.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 10,782 shares of the company’s stock worth $1,342,000 after purchasing an additional 3,570 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of e.l.f. Beauty by 61.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 76,039 shares of the company’s stock worth $9,632,000 after purchasing an additional 28,956 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its stake in shares of e.l.f. Beauty by 73.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,109 shares of the company’s stock worth $1,880,000 after purchasing an additional 6,403 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ELF shares. Cowen reaffirmed a “buy” rating on shares of e.l.f. Beauty in a research note on Wednesday. Canaccord Genuity Group reaffirmed a “buy” rating and set a $165.00 price target on shares of e.l.f. Beauty in a research note on Tuesday. JPMorgan Chase & Co. raised their price target on e.l.f. Beauty from $130.00 to $168.00 and gave the stock an “overweight” rating in a research note on Friday, October 10th. Morgan Stanley raised their price target on e.l.f. Beauty from $134.00 to $170.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. Finally, Raymond James Financial increased their price objective on e.l.f. Beauty from $155.00 to $165.00 and gave the company a “strong-buy” rating in a report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $142.73.

e.l.f. Beauty Stock Performance

Shares of NYSE ELF opened at $122.84 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.34 and a current ratio of 3.26. The firm has a market cap of $7.29 billion, a price-to-earnings ratio of 72.26, a P/E/G ratio of 2.91 and a beta of 1.57. The business’s 50-day simple moving average is $131.82 and its 200-day simple moving average is $109.44. e.l.f. Beauty has a 52 week low of $49.40 and a 52 week high of $150.99.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. The business had revenue of $353.74 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.10 EPS. As a group, equities research analysts expect 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 other e.l.f. Beauty news, insider Scott Milsten sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $150.23, for a total value of $2,253,450.00. Following the sale, the insider owned 97,406 shares of the company’s stock, valued at $14,633,303.38. This trade represents a 13.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Kory Marchisotto sold 10,812 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $150.00, for a total value of $1,621,800.00. Following the completion of the sale, the insider directly owned 133,976 shares in the company, valued at $20,096,400. This trade represents a 7.47% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 301,060 shares of company stock worth $40,994,733. Insiders own 3.90% of the company’s stock.

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.