e.l.f. Beauty, Inc. (NYSE:ELF) Shares Bought by WD Rutherford LLC

WD Rutherford LLC grew its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 10.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,542 shares of the company’s stock after acquiring an additional 1,312 shares during the quarter. WD Rutherford LLC’s holdings in e.l.f. Beauty were worth $2,655,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Guidance Capital Inc. increased its stake in e.l.f. Beauty by 1.6% during the fourth quarter. Guidance Capital Inc. now owns 3,510 shares of the company’s stock worth $490,000 after acquiring an additional 56 shares during the last quarter. First Trust Direct Indexing L.P. boosted its position in shares of e.l.f. Beauty by 3.2% in the fourth quarter. First Trust Direct Indexing L.P. now owns 2,106 shares of the company’s stock worth $304,000 after buying an additional 65 shares during the period. State of Alaska Department of Revenue boosted its position in shares of e.l.f. Beauty by 0.3% in the fourth quarter. State of Alaska Department of Revenue now owns 33,993 shares of the company’s stock worth $4,906,000 after buying an additional 85 shares during the period. GAMMA Investing LLC boosted its position in shares of e.l.f. Beauty by 33.2% in the first quarter. GAMMA Investing LLC now owns 353 shares of the company’s stock worth $69,000 after buying an additional 88 shares during the period. Finally, American International Group Inc. boosted its position in shares of e.l.f. Beauty by 0.3% in the fourth quarter. American International Group Inc. now owns 29,435 shares of the company’s stock worth $4,249,000 after buying an additional 90 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Tarang Amin sold 42,953 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $184.96, for a total transaction of $7,944,586.88. Following the sale, the chief executive officer now directly owns 258,667 shares in the company, valued at approximately $47,843,048.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Tarang Amin sold 42,953 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $184.96, for a total transaction of $7,944,586.88. Following the sale, the chief executive officer now directly owns 258,667 shares in the company, valued at approximately $47,843,048.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jennifer Catherine Hartnett sold 9,808 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $184.96, for a total value of $1,814,087.68. Following the sale, the insider now owns 61,647 shares in the company, valued at $11,402,229.12. The disclosure for this sale can be found here. Insiders have sold a total of 256,167 shares of company stock valued at $44,029,811 in the last quarter. Insiders own 5.20% of the company’s stock.

e.l.f. Beauty Stock Performance

NYSE:ELF traded down $7.28 during trading hours on Friday, reaching $210.72. 8,234,759 shares of the stock were exchanged, compared to its average volume of 1,192,002. The company has a quick ratio of 0.95, a current ratio of 1.60 and a debt-to-equity ratio of 0.25. The firm has a 50 day simple moving average of $181.64 and a 200-day simple moving average of $174.46. e.l.f. Beauty, Inc. has a 52 week low of $88.47 and a 52 week high of $221.83. The stock has a market capitalization of $11.79 billion, a P/E ratio of 94.93, a P/E/G ratio of 5.53 and a beta of 1.54.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, May 22nd. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $321.14 million for the quarter, compared to the consensus estimate of $292.47 million. As a group, sell-side analysts forecast that e.l.f. Beauty, Inc. will post 2.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ELF shares. Stifel Nicolaus decreased their target price on e.l.f. Beauty from $167.00 to $151.00 and set a “hold” rating for the company in a research report on Monday, May 20th. JPMorgan Chase & Co. decreased their target price on e.l.f. Beauty from $197.00 to $182.00 and set an “overweight” rating for the company in a research report on Thursday, May 23rd. Truist Financial upped 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. TD Cowen upped their target price on e.l.f. Beauty from $190.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $220.00 target price on shares of e.l.f. Beauty in a research report on Monday, June 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $198.93.

e.l.f. Beauty Company Profile

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.