GPS Wealth Strategies Group LLC Buys 357 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

GPS Wealth Strategies Group LLC grew its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 77.8% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 816 shares of the company’s stock after acquiring an additional 357 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in e.l.f. Beauty were worth $172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Matrix Trust Co purchased a new stake in e.l.f. Beauty during the second quarter valued at $27,000. Harbor Investment Advisory LLC bought a new stake in shares of e.l.f. Beauty during the 1st quarter valued at about $31,000. Oakworth Capital Inc. purchased a new stake in shares of e.l.f. Beauty during the 1st quarter valued at about $33,000. Rise Advisors LLC bought a new position in shares of e.l.f. Beauty in the 1st quarter worth approximately $40,000. Finally, GAMMA Investing LLC purchased a new position in shares of e.l.f. Beauty in the fourth quarter worth approximately $42,000. 92.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on ELF. 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. DA Davidson raised their target price on e.l.f. Beauty from $220.00 to $223.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Stifel Nicolaus boosted their price target on e.l.f. Beauty from $151.00 to $161.00 and gave the company a “hold” rating in a report on Monday, July 22nd. Robert W. Baird upped their price target 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. Finally, Canaccord Genuity Group increased 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 report on Tuesday, June 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, e.l.f. Beauty has a consensus rating of “Moderate Buy” and an average target price of $216.43.

e.l.f. Beauty Price Performance

Shares of ELF stock traded up $7.78 during trading hours on Thursday, hitting $153.21. The stock had a trading volume of 1,039,839 shares, compared to its average volume of 1,651,142. The stock has a market capitalization of $8.57 billion, a price-to-earnings ratio of 69.54, a PEG ratio of 3.66 and a beta of 1.46. The stock’s 50-day moving average price is $188.08 and its two-hundred day moving average price is $182.22. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.60 and a quick ratio of 0.95. e.l.f. Beauty, Inc. has a one year low of $88.47 and a one year high of $221.83.

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

Insider Buying and Selling

In related news, insider Jennifer Catherine Hartnett sold 9,808 shares of the firm’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 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 approximately $11,402,229.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Tarang Amin sold 548 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $175.00, for a total transaction of $95,900.00. Following the completion of the transaction, the chief executive officer now owns 214,507 shares in the company, valued at approximately $37,538,725. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 value of $1,814,087.68. Following the transaction, the insider now owns 61,647 shares in the company, valued at $11,402,229.12. The disclosure for this sale can be found here. Insiders sold a total of 97,390 shares of company stock worth $18,264,873 over the last three months. 5.20% of the stock is owned by insiders.

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.