Strs Ohio earned new status for elf Beauty, Inc. (NYSE: ELF – Get Rating) in the third quarter, according to the latest disclosures to the Securities and Exchange Commission. The company acquired 24,900 shares of the company stock valued at approximately $936,000.
Several other institutional investors and hedge funds have also recently bought and sold shares in the business. BlackRock Inc. increased its elf Beauty holdings by 0.9% in the first quarter. BlackRock Inc. now owns 7,287,057 shares worth $188,224,000 after he purchased an additional 67,611 shares during this period. Vanguard Group Inc. increased its elf Beauty holdings by 2.6% in the first quarter. Vanguard Group Inc. now owns 5,488,985 shares of the company, valued at $141.78 million, after purchasing an additional 136,521 shares during this period. Jennison Associates LLC increased its elf Beauty holdings by 3.0% in the second quarter. Jennison Associates LLC now owns 1,752,309 shares worth $53,761,000 after purchasing an additional 51,820 shares during this period. State Street Corp increased its elf Beauty holding by 1.7% in the second quarter. State Street Corp now owns 1,551,464 shares worth $47,599,000 after purchasing an additional 25,634 shares during this period. Finally, Renaissance Technologies LLC increased its stake in elf Beauty by 25.7% in the second quarter. Renaissance Technologies LLC now owns 1,188,800 shares worth $36,472,000 after acquiring an additional 242,900 shares during the previous quarter. 95.14% of the shares are owned by institutional investors.
insider trading
In related news, CEO Tarang Amin sold 4,166 shares in the company on Monday, October 17th. The shares sold for an average of $40.97, and the total trading value he had was $170,681.02. Following the closing of the transaction, the CEO now owns 366,088 shares in the company, valued at $14,998,625.36. The sale is disclosed in documents filed with the SEC and available at this hyperlink. In another elf beauty news, insider Scott Milsten sold his 55,000 shares in a deal on Monday, January 9th. The shares sold for an average of $56.98 and the total transaction value he was $3,133,900.00. Following the closing of the transaction, the insider now owns his 127,560 shares in the company, valued at $7,268,368.80. The deal is disclosed in documents filed with the Securities and Exchange Commission and available on the SEC’s website. Also, CEO Taran Amin sold his 4,166 shares in a deal on Monday, Oct. 17. The shares sold for an average of $40.97, and the total trading value he had was $170,681.02. After the transaction, the CEO now owns 366,088 shares of the Company’s stock valued at approximately $14,998,625.36. Please see here for the disclosure of this sale. Last quarter, the insider sold 204,199 shares of his company worth $10,342,916. His 8.20% of shares are owned by insiders.
Elven Beauty Stock Up 5.5%
ELF shares opened Friday at $52.75. The company has a 50-day simple moving average of $53.97 and a 200-day simple moving average of $43.17. The company has a current ratio of 3.44, a quick ratio of 2.31 and a debt to equity ratio of 0.25. The stock has a market capitalization of $2.79 billion, a P/E ratio of 83.73, a P/E/G ratio of 2.42 and a beta of 1.54. elf Beauty, Inc. has a 12-month low of $20.49 and a 12-month high of $58.76.
elf Beauty (NYSE:ELF – Get Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported earnings per share (EPS) of $0.22 for the quarter, beating analyst consensus expectations of $0.10 by $0.12. The company’s revenue for the quarter was $122.35 million, compared with analysts’ forecast of $106.29 million. elf Beauty had a net profit margin of 7.57% and a return on equity of 11.83%. On average, research analysts expect elf Beauty, Inc.’s earnings per share to be 0.77 this year.
Analyst Rating Change
Many research firms publish reports on ELF. Jefferies Financial Group downgraded Elf Beauty’s stock from a ‘buy’ rating to a ‘hold’ rating and set a price target of $55.00. In an investigative report on Monday, January 9th. Canaccord Genuity Group began coverage of elf Beauty’s stock in a research report on Thursday, November 17th. They issued a ‘buy’ rating and a price target of $63.00. Canaccord Genuity Group began coverage of elf Beauty’s stock in a research note on Wednesday, November 16th. They have set a “buy” rating on the stock. JPMorgan Chase & Co. raised its price target on Elf Beauty shares from $62.00 to $65.00, giving the company an “overweight” rating in its research notes on Friday. Finally, Piper Sandler raised her price target on elf Beauty from her $55.00 to her $64.00 in her Tuesday, January 3 research notes. Four Equity Research her analysts rated this stock with a hold rating and ten issued a buy rating on the stock. Based on MarketBeat.com data, the current consensus rating for the stock is “moderate buy” with a consensus target price of $54.20.
About Elf Beauty
(get rating)
elf Beauty, Inc, along with its subsidiaries, offers cosmetic and skin care products worldwide under the brand names elf Cosmetics, elf Skin, Well People, and Keys Soulcare. The company offers eye, lip, facial, face, foot, and skin care products. The Company sells its products through domestic and international retailers and direct-to-consumer channels, including e-commerce platforms in the United States, and primarily through distributors internationally.
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