Oppenheimer Asset Management Inc. Buys 11,731 Shares of e.l.f. Beauty (NYSE:ELF)

Oppenheimer Asset Management Inc. lifted its position in e.l.f. Beauty (NYSE:ELF) by 36.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 43,955 shares of the company’s stock after purchasing an additional 11,731 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.08% of e.l.f. Beauty worth $2,760,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Mitchell Capital Management Co. acquired a new position in e.l.f. Beauty in the fourth quarter valued at about $2,655,000. Harbor Capital Advisors Inc. raised its stake in shares of e.l.f. Beauty by 42.0% in the first quarter. Harbor Capital Advisors Inc. now owns 103,235 shares of the company’s stock valued at $6,482,000 after acquiring an additional 30,530 shares during the last quarter. Granahan Investment Management LLC acquired a new position in shares of e.l.f. Beauty in the 4th quarter worth approximately $9,671,000. Proficio Capital Partners LLC bought a new stake in e.l.f. Beauty during the 4th quarter worth approximately $2,459,000. Finally, Vanguard Group Inc. increased its holdings in e.l.f. Beauty by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 5,497,208 shares of the company’s stock valued at $690,174,000 after purchasing an additional 68,103 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Up 3.0%

NYSE:ELF opened at $125.47 on Thursday. The company has a quick ratio of 2.00, a current ratio of 3.05 and a debt-to-equity ratio of 0.34. e.l.f. Beauty has a 12-month low of $49.40 and a 12-month high of $219.77. The stock’s fifty day simple moving average is $90.23 and its 200-day simple moving average is $91.15. The firm has a market capitalization of $7.07 billion, a P/E ratio of 65.01, a P/E/G ratio of 2.88 and a beta of 1.52.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, May 28th. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. The firm had revenue of $332.65 million for the quarter, compared to analysts’ expectations of $327.45 million. e.l.f. Beauty had a return on equity of 17.98% and a net margin of 8.53%. The company’s revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.53 earnings per share. Equities research analysts expect that e.l.f. Beauty will post 2.38 earnings per share for the current year.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 97,915 shares of the business’s stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $53.36, for a total value of $5,224,744.40. Following the completion of the transaction, the chief executive officer now directly owns 181,289 shares of the company’s stock, valued at approximately $9,673,581.04. The trade was a 35.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Joshua Allen Franks sold 51,353 shares of the stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $53.36, for a total value of $2,740,196.08. Following the completion of the sale, the senior vice president now owns 114,660 shares of the company’s stock, valued at $6,118,257.60. This trade represents a 30.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 327,207 shares of company stock valued at $25,252,926 over the last three months. 3.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Robert W. Baird boosted their price objective on e.l.f. Beauty from $110.00 to $145.00 and gave the stock an “outperform” rating in a research note on Friday, June 6th. Truist Financial upped their price target on shares of e.l.f. Beauty from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, June 6th. DA Davidson decreased their price objective on shares of e.l.f. Beauty from $80.00 to $75.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Morgan Stanley boosted their target price on shares of e.l.f. Beauty from $70.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 29th. Finally, Canaccord Genuity Group set a $114.00 price target on shares of e.l.f. Beauty in a research note on Thursday, May 29th. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and an average target price of $118.88.

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.