Future Fund LLC boosted its position in e.l.f. Beauty (NYSE:ELF – Free Report) by 66.1% during the 1st quarter, HoldingsChannel reports. The firm owned 24,868 shares of the company’s stock after purchasing an additional 9,894 shares during the period. Future Fund LLC’s holdings in e.l.f. Beauty were worth $1,507,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in ELF. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of e.l.f. Beauty during the 4th quarter valued at about $26,000. Hilton Head Capital Partners LLC purchased a new position in shares of e.l.f. Beauty in the fourth quarter worth approximately $32,000. EverSource Wealth Advisors LLC boosted its holdings in shares of e.l.f. Beauty by 97.0% in the second quarter. EverSource Wealth Advisors LLC now owns 260 shares of the company’s stock worth $32,000 after buying an additional 128 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in e.l.f. Beauty by 58.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 317 shares of the company’s stock valued at $39,000 after buying an additional 117 shares during the period. Finally, Arax Advisory Partners bought a new stake in e.l.f. Beauty during the fourth quarter valued at approximately $41,000. 92.44% of the stock is currently owned by institutional investors.
e.l.f. Beauty Price Performance
NYSE ELF opened at $73.72 on Friday. The company has a current ratio of 2.35, a quick ratio of 1.69 and a debt-to-equity ratio of 0.72. e.l.f. Beauty has a 12 month low of $48.82 and a 12 month high of $150.99. The stock has a market cap of $4.35 billion, a price-to-earnings ratio of 160.27, a PEG ratio of 2.90 and a beta of 1.59. The company’s 50 day moving average is $62.63 and its two-hundred day moving average is $71.62.
Insider Activity at e.l.f. Beauty
In other e.l.f. Beauty news, insider Mandy J. Fields sold 23,656 shares of the stock in a transaction on Monday, April 27th. The stock was sold at an average price of $63.66, for a total value of $1,505,940.96. Following the completion of the sale, the insider owned 77,437 shares in the company, valued at approximately $4,929,639.42. This represents a 23.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jennifer Catherine Hartnett sold 25,357 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $80.00, for a total value of $2,028,560.00. Following the sale, the insider directly owned 28,699 shares in the company, valued at approximately $2,295,920. This represents a 46.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 278,988 shares of company stock worth $18,354,580 in the last 90 days. Company insiders own 3.50% of the company’s stock.
Analyst Ratings Changes
ELF has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $64.00 price target on shares of e.l.f. Beauty in a research report on Tuesday, June 16th. Weiss Ratings raised shares of e.l.f. Beauty from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, June 18th. UBS Group upped their price objective on e.l.f. Beauty from $60.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday. Robert W. Baird lowered their target price on e.l.f. Beauty from $115.00 to $90.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 28th. Finally, Morgan Stanley cut their price target on e.l.f. Beauty from $67.00 to $59.00 and set an “equal weight” rating for the company in a report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $81.31.
View Our Latest Report on e.l.f. Beauty
About e.l.f. Beauty
e.l.f. Beauty (NYSE: ELF) is an American cosmetics company known for offering an extensive range of affordable, trend-driven makeup and skincare products. The company’s portfolio spans foundations, lipsticks, mascaras, brushes, serums, masks and other beauty essentials, all positioned at accessible price points. e.l.f. Beauty maintains a direct-to-consumer platform through its e-commerce site and engages in widespread retail partnerships with major chains such as Target, Walmart, Ulta Beauty and Amazon.
Founded in 2004 and headquartered in Oakland, California, e.l.f.
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