Tower Research Capital LLC TRC Buys 2,565 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Tower Research Capital LLC TRC boosted its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF – Free Report) by 271.1% in the third quarter, Holdings Channel reports. The institutional investor owned 3,511 shares of the company’s stock after purchasing an additional 2,565 shares during the period. Tower Research Capital LLC TRC’s holdings in e.l.f. Beauty were worth $386,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ELF. William Blair Investment Management LLC bought a new position in e.l.f. Beauty during the 2nd quarter valued at approximately $102,849,000. Wellington Management Group LLP increased its position in e.l.f. Beauty by 3,885.5% during the 1st quarter. Wellington Management Group LLP now owns 812,015 shares of the company’s stock valued at $20,974,000 after buying an additional 791,641 shares in the last quarter. FMR LLC increased its position in e.l.f. Beauty by 641.2% during the 3rd quarter. FMR LLC now owns 832,404 shares of the company’s stock valued at $91,423,000 after buying an additional 720,098 shares in the last quarter. Millennium Management LLC boosted its stake in e.l.f. Beauty by 697.8% during the 4th quarter. Millennium Management LLC now owns 681,739 shares of the company’s stock valued at $37,700,000 after purchasing an additional 596,287 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in e.l.f. Beauty by 8.9% during the 3rd quarter. Vanguard Group Inc. now owns 6,147,304 shares of the company’s stock valued at $231,262,000 after purchasing an additional 504,690 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

Insider Activity at e.l.f. Beauty

In related news, CEO Tarang Amin sold 23,519 shares of e.l.f. Beauty stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $198.89, for a total transaction of $4,677,693.91. Following the transaction, the chief executive officer now directly owns 10,889 shares in the company, valued at $2,165,713.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other e.l.f. Beauty news, CEO Tarang Amin sold 23,519 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $198.89, for a total transaction of $4,677,693.91. Following the sale, the chief executive officer now directly owns 10,889 shares of the company’s stock, valued at $2,165,713.21. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Scott Milsten sold 10,000 shares of the firm’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $150.06, for a total value of $1,500,600.00. Following the sale, the insider now directly owns 79,104 shares in the company, valued at $11,870,346.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 92,611 shares of company stock worth $14,759,884. Corporate insiders own 5.20% of the company’s stock.

e.l.f. Beauty Stock Performance

ELF stock opened at $200.91 on Friday. The company has a market cap of $11.15 billion, a P/E ratio of 88.90, a price-to-earnings-growth ratio of 2.36 and a beta of 1.60. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.50 and a quick ratio of 0.83. The stock’s fifty day moving average price is $170.28 and its 200-day moving average price is $136.45. e.l.f. Beauty, Inc. has a 1 year low of $67.59 and a 1 year high of $221.83.

e.l.f. Beauty (NYSE:ELF – Get Free Report) last released its earnings results on Tuesday, February 6th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.11. The company had revenue of $270.94 million for the quarter, compared to the consensus estimate of $239.66 million. e.l.f. Beauty had a return on equity of 28.98% and a net margin of 14.53%. On average, equities analysts forecast that e.l.f. Beauty, Inc. will post 2.48 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have commented on the company. JPMorgan Chase & Co. increased their target price on e.l.f. Beauty from $130.00 to $175.00 and gave the company an “overweight” rating in a research note on Thursday, January 18th. Piper Sandler increased their target price on e.l.f. Beauty from $212.00 to $225.00 and gave the company an “overweight” rating in a research note on Monday, February 26th. Morgan Stanley increased their target price on e.l.f. Beauty from $168.00 to $184.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 7th. DA Davidson reiterated a “buy” rating and set a $220.00 target price on shares of e.l.f. Beauty in a research note on Wednesday. Finally, Truist Financial increased their target price on e.l.f. Beauty from $150.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and an average price target of $183.55.

Check Out Our Latest Report on ELF

e.l.f. Beauty Profile

(Free Report)

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.