e.l.f. Beauty, Inc. (NYSE:ELF) Shares Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. boosted its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 12.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,429 shares of the company’s stock after buying an additional 4,025 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in e.l.f. Beauty were worth $3,972,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC acquired a new position in e.l.f. Beauty during the second quarter worth about $26,000. Matrix Trust Co acquired a new position in e.l.f. Beauty during the second quarter worth about $27,000. Innealta Capital LLC acquired a new position in e.l.f. Beauty during the second quarter worth about $30,000. Whittier Trust Co. of Nevada Inc. grew its position in 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 worth $36,000 after buying an additional 138 shares during the period. Finally, Crewe Advisors LLC grew its position in 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 buying an additional 146 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at e.l.f. Beauty

In other news, CEO Tarang Amin sold 23,528 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $136.45, for a total value of $3,210,395.60. Following the transaction, the chief executive officer now owns 106,016 shares of the company’s stock, valued at approximately $14,465,883.20. This trade represents a 18.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.50% of the stock is owned by company insiders.

e.l.f. Beauty Stock Down 1.5 %

Shares of NYSE ELF opened at $121.27 on Friday. The firm has a market cap of $6.83 billion, a P/E ratio of 65.55, a price-to-earnings-growth ratio of 2.69 and a beta of 1.44. The firm’s 50 day moving average price is $111.42 and its 200 day moving average price is $154.51. e.l.f. Beauty, Inc. has a 1 year low of $98.50 and a 1 year high of $221.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.34. The company had revenue of $301.10 million for the quarter, compared to analyst estimates of $289.43 million. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. e.l.f. Beauty’s revenue for the quarter was up 39.7% on a year-over-year basis. During the same quarter last year, the business earned $0.66 EPS. As a group, sell-side analysts anticipate that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ELF has been the topic of several recent analyst reports. Bank of America lowered their target price on shares of e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. B. Riley lowered their price target on shares of e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Raymond James reiterated a “strong-buy” rating and issued a $235.00 price target on shares of e.l.f. Beauty in a research report on Monday, July 22nd. Jefferies Financial Group lowered their price target on shares of e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $165.00 price target (up from $162.00) on shares of e.l.f. Beauty in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $173.53.

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.