e.l.f. Beauty, Inc. (NYSE:ELF) Shares Sold by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC lowered its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 45.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 18,773 shares of the company’s stock after selling 15,575 shares during the period. Lisanti Capital Growth LLC’s holdings in e.l.f. Beauty were worth $3,956,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Matrix Trust Co acquired a new position in shares of e.l.f. Beauty in the second quarter valued at approximately $27,000. Innealta Capital LLC purchased a new position in e.l.f. Beauty during the 2nd quarter worth $30,000. Harbor Investment Advisory LLC acquired a new stake in shares of e.l.f. Beauty in the 1st quarter worth $31,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of e.l.f. Beauty by 405.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock valued at $36,000 after acquiring an additional 138 shares in the last quarter. Finally, Crewe Advisors LLC increased its stake in shares of e.l.f. Beauty by 456.3% during the second quarter. Crewe Advisors LLC now owns 178 shares of the company’s stock worth $38,000 after acquiring an additional 146 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ELF shares. Truist Financial lifted their price objective on e.l.f. Beauty from $200.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Robert W. Baird increased their price objective on e.l.f. Beauty from $230.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Canaccord Genuity Group boosted their target price on shares of e.l.f. Beauty from $214.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. DA Davidson reiterated a “buy” rating and issued a $223.00 price target on shares of e.l.f. Beauty in a report on Thursday. Finally, Raymond James reissued a “strong-buy” rating and issued a $235.00 target price on shares of e.l.f. Beauty in a report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $216.43.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 42,953 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $184.96, for a total value of $7,944,586.88. Following the transaction, the chief executive officer now directly owns 258,667 shares of the company’s stock, valued at $47,843,048.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other e.l.f. Beauty news, insider Jennifer Catherine Hartnett sold 9,808 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was 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 owns 61,647 shares in the company, valued at approximately $11,402,229.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Tarang Amin sold 42,953 shares of e.l.f. Beauty stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $184.96, for a total transaction of $7,944,586.88. Following the sale, the chief executive officer now owns 258,667 shares in the company, valued at approximately $47,843,048.32. The disclosure for this sale can be found here. Insiders sold 97,390 shares of company stock valued at $18,264,873 over the last 90 days. Corporate insiders own 5.20% of the company’s stock.

e.l.f. Beauty Trading Down 0.2 %

Shares of ELF traded down $0.28 during trading hours on Friday, hitting $149.79. The stock had a trading volume of 1,257,229 shares, compared to its average volume of 2,346,631. The company’s fifty day simple moving average is $179.00 and its 200 day simple moving average is $181.44. e.l.f. Beauty, Inc. has a 12-month low of $88.47 and a 12-month high of $221.83. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.77. The firm has a market cap of $8.45 billion, a P/E ratio of 67.47, a P/E/G ratio of 3.12 and a beta of 1.46.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.20. The business had revenue of $324.48 million for the quarter, compared to analyst estimates of $303.60 million. e.l.f. Beauty had a return on equity of 23.30% and a net margin of 10.80%. Equities research analysts forecast that e.l.f. Beauty, Inc. will post 2.88 EPS for the current fiscal year.

e.l.f. Beauty 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.