Quarry LP Takes $62,000 Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Quarry LP purchased a new stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 566 shares of the company’s stock, valued at approximately $62,000.

Several other institutional investors and hedge funds also recently bought and sold shares of ELF. Ashton Thomas Private Wealth LLC purchased a new position in shares of e.l.f. Beauty during the 2nd quarter worth about $26,000. Innealta Capital LLC bought a new stake in e.l.f. Beauty in the second quarter worth about $30,000. Whittier Trust Co. of Nevada Inc. grew its stake in shares of e.l.f. Beauty by 405.9% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock valued at $36,000 after buying an additional 138 shares during the last quarter. Crewe Advisors LLC raised its holdings in shares of e.l.f. Beauty by 456.3% in the second quarter. Crewe Advisors LLC now owns 178 shares of the company’s stock worth $38,000 after buying an additional 146 shares during the period. Finally, Planning Capital Management Corp lifted its stake in shares of 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 acquiring an additional 371 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at e.l.f. Beauty

In related news, Director Maureen C. Watson sold 785 shares of the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $130.00, for a total transaction of $102,050.00. Following the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.50% of the company’s stock.

Wall Street Analysts Forecast Growth

ELF has been the topic of a number of recent analyst reports. Morgan Stanley reduced their target price on e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating on the stock in a research note on Monday, September 30th. Bank of America decreased their price objective on shares of e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Stifel Nicolaus dropped their target price on shares of e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating on the stock in a research note on Thursday, November 7th. B. Riley decreased their price target on shares of e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Finally, Piper Sandler reissued an “overweight” rating and issued a $165.00 price objective (up previously from $162.00) on shares of e.l.f. Beauty in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $173.53.

e.l.f. Beauty Price Performance

ELF opened at $140.34 on Tuesday. The firm has a market capitalization of $7.91 billion, a PE ratio of 75.86, a price-to-earnings-growth ratio of 3.06 and a beta of 1.49. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. The business’s 50-day moving average is $116.46 and its two-hundred day moving average is $150.17. e.l.f. Beauty, Inc. has a 1 year low of $98.50 and a 1 year high of $221.83.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.34. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The firm had revenue of $301.10 million for the quarter, compared to the consensus estimate of $289.43 million. During the same quarter in the previous year, the firm earned $0.66 EPS. The company’s quarterly revenue was up 39.7% compared to the same quarter last year. Research analysts anticipate that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current fiscal year.

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.