Centiva Capital LP Acquires Shares of 15,713 e.l.f. Beauty, Inc. (NYSE:ELF)

Centiva Capital LP acquired a new stake in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 15,713 shares of the company's stock, valued at approximately $1,713,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ashton Thomas Private Wealth LLC acquired a new position in shares of e.l.f. Beauty in the 2nd quarter valued at about $26,000. Innealta Capital LLC purchased a new stake in e.l.f. Beauty during the 2nd quarter worth approximately $30,000. Whittier Trust Co. of Nevada Inc. raised its position in shares of e.l.f. Beauty by 405.9% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company's stock valued at $36,000 after purchasing an additional 138 shares in the last quarter. Crewe Advisors LLC raised its position in shares of e.l.f. Beauty by 456.3% in the 2nd quarter. Crewe Advisors LLC now owns 178 shares of the company's stock valued at $38,000 after purchasing an additional 146 shares in the last quarter. Finally, Planning Capital Management Corp raised its position in shares of e.l.f. Beauty by 1,855.0% in the 3rd quarter. Planning Capital Management Corp now owns 391 shares of the company's stock valued at $43,000 after purchasing an additional 371 shares in the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

e.l.f. Beauty Trading Up 7.1 %

Shares of NYSE ELF traded up $9.01 during mid-day trading on Wednesday, hitting $136.42. 2,202,451 shares of the company traded hands, compared to its average volume of 1,971,945. e.l.f. Beauty, Inc. has a 1 year low of $98.50 and a 1 year high of $221.83. The stock has a market capitalization of $7.68 billion, a price-to-earnings ratio of 73.74, a PEG ratio of 2.86 and a beta of 1.49. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average of $114.89 and a two-hundred day moving average of $150.81.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.34. The firm had revenue of $301.10 million during the quarter, compared to the consensus estimate of $289.43 million. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The business's revenue for the quarter was up 39.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.66 EPS. On average, sell-side analysts anticipate that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Truist Financial cut their target price on e.l.f. Beauty from $210.00 to $130.00 and set a "buy" rating on the stock in a research report on Wednesday, October 16th. JPMorgan Chase & Co. dropped their price target on e.l.f. Beauty from $167.00 to $154.00 and set an "overweight" rating on the stock in a research report on Thursday, November 7th. B. Riley dropped their price target on e.l.f. Beauty from $175.00 to $150.00 and set a "buy" rating on the stock in a research report on Thursday, November 7th. TD Cowen dropped their target price on e.l.f. Beauty from $235.00 to $150.00 and set a "buy" rating on the stock in a research report on Thursday, September 12th. Finally, Robert W. Baird decreased their price target on e.l.f. Beauty from $240.00 to $175.00 and set an "outperform" rating for the company in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $173.53.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,528 shares of the firm's stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $136.45, for a total value of $3,210,395.60. Following the sale, the chief executive officer now owns 106,016 shares of the company's stock, valued at $14,465,883.20. This trade represents a 18.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Maureen C. Watson sold 785 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $130.00, for a total value of $102,050.00. Following the sale, the director now directly owns 1,888 shares in the company, valued at $245,440. The trade was a 29.37 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.50% of the company's stock.

About e.l.f. Beauty

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.