RiverPark Advisors LLC Buys New Shares in e.l.f. Beauty, Inc. (NYSE:ELF)

RiverPark Advisors LLC purchased a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 942 shares of the company’s stock, valued at approximately $103,000.

Other institutional investors also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC purchased a new stake in e.l.f. Beauty during the 2nd quarter worth about $26,000. Matrix Trust Co purchased a new stake in shares of e.l.f. Beauty in the 2nd quarter valued at about $27,000. Innealta Capital LLC purchased a new stake in shares of e.l.f. Beauty in the 2nd quarter valued at about $30,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of e.l.f. Beauty by 405.9% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock valued at $36,000 after purchasing an additional 138 shares during the last quarter. Finally, Crewe Advisors LLC lifted its holdings in shares of e.l.f. Beauty by 456.3% in the 2nd quarter. Crewe Advisors LLC now owns 178 shares of the company’s stock valued at $38,000 after purchasing an additional 146 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,528 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the sale, the chief executive officer now owns 106,016 shares in the company, valued at approximately $14,465,883.20. This represents a 18.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.50% of the stock is currently owned by company insiders.

e.l.f. Beauty Stock Performance

Shares of ELF stock opened at $121.33 on Friday. e.l.f. Beauty, Inc. has a 12-month low of $98.50 and a 12-month high of $221.83. The company has a market cap of $6.83 billion, a price-to-earnings ratio of 65.58, a price-to-earnings-growth ratio of 2.66 and a beta of 1.44. The stock has a 50 day simple moving average of $111.39 and a 200-day simple moving average of $154.10. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.34. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The firm had revenue of $301.10 million during the quarter, compared to the consensus estimate of $289.43 million. During the same period last year, the business posted $0.66 EPS. e.l.f. Beauty’s quarterly revenue was up 39.7% on a year-over-year basis. On average, equities analysts forecast that e.l.f. Beauty, Inc. will post 2.8 EPS for the current year.

Analyst Ratings Changes

ELF has been the topic of several recent research reports. TD Cowen dropped their price target on e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. JPMorgan Chase & Co. dropped their price target on e.l.f. Beauty from $167.00 to $154.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. Raymond James restated 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. UBS Group dropped their price target on e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, Stifel Nicolaus dropped their price target on e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating on the stock in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and an average target price of $173.53.

e.l.f. Beauty Company 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.