Tobam Acquires Shares of 538 e.l.f. Beauty, Inc. (NYSE:ELF)

Tobam purchased a new position in e.l.f. Beauty, Inc. (NYSE:ELF) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 538 shares of the company’s stock, valued at approximately $113,000.

Other institutional investors also recently bought and sold shares of the company. Matrix Trust Co bought a new stake in shares of e.l.f. Beauty during the second quarter worth $27,000. Harbor Investment Advisory LLC bought a new stake in shares of e.l.f. Beauty during the first quarter worth $31,000. Whittier Trust Co. of Nevada Inc. increased 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 period. Rise Advisors LLC purchased a new stake in shares of e.l.f. Beauty during the first quarter worth about $40,000. Finally, RFP Financial Group LLC purchased a new stake in shares of e.l.f. Beauty during the first quarter worth about $42,000. 92.44% of the stock is currently owned by institutional investors.

e.l.f. Beauty Trading Up 0.1 %

Shares of ELF traded up $0.22 during trading hours on Friday, reaching $150.29. The stock had a trading volume of 859,428 shares, compared to its average volume of 1,663,057. The company has a market cap of $8.41 billion, a P/E ratio of 66.82, a P/E/G ratio of 3.66 and a beta of 1.46. The company has a quick ratio of 0.95, a current ratio of 1.60 and a debt-to-equity ratio of 0.25. e.l.f. Beauty, Inc. has a 52 week low of $88.47 and a 52 week high of $221.83. The firm has a 50-day moving average of $180.13 and a 200 day moving average of $181.59.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ELF shares. TD Cowen lifted 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. DA Davidson reaffirmed a “buy” rating and set a $223.00 target price on shares of e.l.f. Beauty in a report on Thursday. Piper Sandler reaffirmed an “overweight” rating and set a $260.00 target price on shares of e.l.f. Beauty in a report on Monday. Truist Financial lifted their target price on e.l.f. Beauty from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Finally, Canaccord Genuity Group lifted their target price on e.l.f. Beauty from $214.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and a consensus price target of $216.43.

Insider Activity at e.l.f. Beauty

In other news, insider Jennifer Catherine Hartnett sold 9,808 shares of the stock in a transaction 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 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 hyperlink. In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 14,253 shares of the business’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 $2,636,234.88. Following the completion of the sale, the senior vice president now directly owns 83,182 shares of the company’s stock, valued at $15,385,342.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jennifer Catherine Hartnett sold 9,808 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $184.96, for a total transaction of $1,814,087.68. Following the completion of the sale, the insider now directly owns 61,647 shares of the company’s stock, valued at $11,402,229.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 97,390 shares of company stock worth $18,264,873. Company insiders own 5.20% of the company’s stock.

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.