Park Avenue Securities LLC Purchases 2,274 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Park Avenue Securities LLC boosted its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 30.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,651 shares of the company's stock after purchasing an additional 2,274 shares during the period. Park Avenue Securities LLC's holdings in e.l.f. Beauty were worth $1,212,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ELF. Wilmington Savings Fund Society FSB bought a new stake in shares of e.l.f. Beauty during the third quarter worth $25,000. Planning Capital Management Corp lifted its position in e.l.f. Beauty by 1,855.0% during the 3rd quarter. Planning Capital Management Corp now owns 391 shares of the company's stock worth $43,000 after buying an additional 371 shares in the last quarter. nVerses Capital LLC bought a new stake in e.l.f. Beauty during the 3rd quarter worth about $44,000. Peterson Financial Group Inc. acquired a new stake in e.l.f. Beauty in the 3rd quarter valued at about $45,000. Finally, Blue Trust Inc. lifted its position in shares of e.l.f. Beauty by 2,357.1% during the third quarter. Blue Trust Inc. now owns 516 shares of the company's stock worth $56,000 after purchasing an additional 495 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. B. Riley dropped their price objective on shares of e.l.f. Beauty from $175.00 to $150.00 and set a "buy" rating for the company in a research report on Thursday, November 7th. Morgan Stanley raised e.l.f. Beauty from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $139.00 to $153.00 in a research note on Monday, January 13th. JPMorgan Chase & Co. lifted their price objective on e.l.f. Beauty from $154.00 to $163.00 and gave the stock an "overweight" rating in a research report on Thursday. Piper Sandler upped their target price on shares of e.l.f. Beauty from $165.00 to $167.00 and gave the company an "overweight" rating in a research report on Monday, January 6th. Finally, UBS Group boosted their price target on shares of e.l.f. Beauty from $156.00 to $158.00 and gave the stock a "buy" rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, e.l.f. Beauty has a consensus rating of "Moderate Buy" and a consensus target price of $169.06.

Insiders Place Their Bets

In related news, Director Maureen C. Watson sold 785 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $130.00, for a total value of $102,050.00. Following the completion of the transaction, the director now owns 1,888 shares of the company's stock, valued at $245,440. This represents a 29.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Tarang Amin sold 890 shares of the business's stock in a transaction on Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $122,464.00. Following the sale, the chief executive officer now directly owns 99,699 shares in the company, valued at approximately $13,718,582.40. The trade was a 0.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,205 shares of company stock worth $297,442 in the last quarter. Corporate insiders own 3.50% of the company's stock.

e.l.f. Beauty Stock Performance

ELF stock traded down $6.74 during midday trading on Monday, reaching $127.17. 1,966,609 shares of the company were exchanged, compared to its average volume of 976,643. The firm has a market capitalization of $7.16 billion, a price-to-earnings ratio of 68.74, a price-to-earnings-growth ratio of 2.17 and a beta of 1.50. The business has a 50-day moving average price of $129.27 and a two-hundred day moving average price of $136.48. e.l.f. Beauty, Inc. has a one year low of $98.50 and a one year high of $221.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01.

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

About e.l.f. Beauty

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.