Strategic Blueprint LLC Takes $250,000 Position in e.l.f. Beauty $ELF

Strategic Blueprint LLC purchased a new stake in e.l.f. Beauty (NYSE:ELF) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,006 shares of the company’s stock, valued at approximately $250,000.

Several other institutional investors and hedge funds have also modified their holdings of ELF. GAMMA Investing LLC lifted its stake in shares of e.l.f. Beauty by 132.2% during the first quarter. GAMMA Investing LLC now owns 1,999 shares of the company’s stock valued at $126,000 after buying an additional 1,138 shares during the period. Oppenheimer & Co. Inc. increased its position in shares of e.l.f. Beauty by 79.3% in the first quarter. Oppenheimer & Co. Inc. now owns 8,047 shares of the company’s stock worth $505,000 after acquiring an additional 3,558 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of e.l.f. Beauty in the first quarter worth $33,000. KBC Group NV grew its holdings in e.l.f. Beauty by 0.6% during the 1st quarter. KBC Group NV now owns 283,862 shares of the company’s stock valued at $17,824,000 after purchasing an additional 1,765 shares in the last quarter. Finally, WASHINGTON TRUST Co increased its holdings in e.l.f. Beauty by 10.5% during the 1st quarter. WASHINGTON TRUST Co now owns 109,383 shares of the company’s stock worth $6,868,000 after purchasing an additional 10,392 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Insider Transactions at e.l.f. Beauty

In related news, SVP Joshua Allen Franks sold 7,913 shares of the stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $145.00, for a total value of $1,147,385.00. Following the transaction, the senior vice president owned 99,369 shares in the company, valued at approximately $14,408,505. This represents a 7.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Scott Milsten sold 55,581 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $134.56, for a total value of $7,478,979.36. Following the completion of the transaction, the insider owned 112,406 shares in the company, valued at $15,125,351.36. This represents a 33.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 301,060 shares of company stock valued at $40,994,733 in the last ninety days. 3.90% of the stock is currently owned by insiders.

e.l.f. Beauty Trading Up 3.1%

NYSE:ELF opened at $126.56 on Tuesday. The stock’s 50 day moving average price is $131.88 and its 200 day moving average price is $110.72. e.l.f. Beauty has a 52 week low of $49.40 and a 52 week high of $150.99. The company has a market capitalization of $7.51 billion, a P/E ratio of 74.45, a P/E/G ratio of 2.86 and a beta of 1.57. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.34 and a current ratio of 3.26.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. e.l.f. Beauty had a return on equity of 16.36% and a net margin of 7.29%.The firm had revenue of $353.74 million for the quarter, compared to the consensus estimate of $348.99 million. During the same quarter in the prior year, the company posted $1.10 earnings per share. The firm’s revenue was up 9.0% on a year-over-year basis. On average, research analysts forecast that e.l.f. Beauty will post 2.38 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Piper Sandler restated an “overweight” rating on shares of e.l.f. Beauty in a research note on Wednesday, October 22nd. Raymond James Financial upped their price objective on shares of e.l.f. Beauty from $155.00 to $165.00 and gave the stock a “strong-buy” rating in a report on Monday, October 20th. Morgan Stanley upped their price target on shares of e.l.f. Beauty from $134.00 to $170.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $165.00 price objective on shares of e.l.f. Beauty in a research note on Tuesday, October 21st. Finally, JPMorgan Chase & Co. upped their price objective on shares of e.l.f. Beauty from $130.00 to $168.00 and gave the company an “overweight” rating in a research note on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $142.73.

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.