Accredited Investors Inc. Sells 67 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Accredited Investors Inc. lowered its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 5.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,236 shares of the company’s stock after selling 67 shares during the period. Accredited Investors Inc.’s holdings in e.l.f. Beauty were worth $260,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ELF. Lifestyle Asset Management Inc. lifted its holdings in shares of e.l.f. Beauty by 24.1% during the 2nd quarter. Lifestyle Asset Management Inc. now owns 1,662 shares of the company’s stock valued at $350,000 after buying an additional 323 shares during the period. Raymond James & Associates increased its position in e.l.f. Beauty by 21.1% during the second quarter. Raymond James & Associates now owns 123,631 shares of the company’s stock valued at $26,052,000 after acquiring an additional 21,554 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. bought a new position in e.l.f. Beauty in the second quarter valued at about $232,000. Portside Wealth Group LLC boosted its position in e.l.f. Beauty by 3.2% in the second quarter. Portside Wealth Group LLC now owns 2,982 shares of the company’s stock worth $628,000 after purchasing an additional 93 shares during the last quarter. Finally, Robbins Farley grew its stake in shares of e.l.f. Beauty by 12.6% during the 2nd quarter. Robbins Farley now owns 23,605 shares of the company’s stock valued at $4,974,000 after purchasing an additional 2,649 shares during the period. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Raymond James reiterated a “strong-buy” rating and issued a $235.00 price objective on shares of e.l.f. Beauty in a research note on Monday, July 22nd. Robert W. Baird lifted their price target on shares of e.l.f. Beauty from $230.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. JPMorgan Chase & Co. reduced their price objective on e.l.f. Beauty from $224.00 to $207.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. TD Cowen raised their target price on e.l.f. Beauty from $190.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. Finally, DA Davidson boosted their price target on e.l.f. Beauty from $220.00 to $223.00 and gave the company a “buy” rating in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $216.43.

Insider Activity at e.l.f. Beauty

In related news, insider Jennifer Catherine Hartnett sold 9,808 shares of the firm’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $184.96, for a total value of $1,814,087.68. Following the completion of the transaction, the insider now directly owns 61,647 shares of the company’s stock, valued at $11,402,229.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Jennifer Catherine Hartnett sold 9,808 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $184.96, for a total transaction of $1,814,087.68. Following the sale, the insider now directly owns 61,647 shares in the company, valued at approximately $11,402,229.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Joshua Allen Franks sold 3,370 shares of e.l.f. Beauty stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $201.28, for a total value of $678,313.60. Following the completion of the transaction, the senior vice president now owns 71,986 shares of the company’s stock, valued at approximately $14,489,342.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 97,390 shares of company stock valued at $18,264,873. Insiders own 5.20% of the company’s stock.

e.l.f. Beauty Price Performance

Shares of ELF stock traded down $1.20 during mid-day trading on Tuesday, hitting $158.89. The company had a trading volume of 136,452 shares, compared to its average volume of 1,656,837. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.60 and a quick ratio of 0.95. The stock’s 50 day moving average price is $186.70 and its 200-day moving average price is $182.32. e.l.f. Beauty, Inc. has a 52-week low of $88.47 and a 52-week high of $221.83. The company has a market capitalization of $8.89 billion, a P/E ratio of 72.09, a P/E/G ratio of 3.66 and a beta of 1.46.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Wednesday, May 22nd. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.16. e.l.f. Beauty had a net margin of 12.47% and a return on equity of 26.64%. The company had revenue of $321.14 million for the quarter, compared to the consensus estimate of $292.47 million. Equities research analysts forecast that e.l.f. Beauty, Inc. will post 2.84 earnings per share for the current year.

e.l.f. Beauty Company Profile

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.