Profund Advisors LLC Lowers Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Profund Advisors LLC decreased its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 52.3% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,609 shares of the company’s stock after selling 1,767 shares during the quarter. Profund Advisors LLC’s holdings in e.l.f. Beauty were worth $339,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC bought a new position in e.l.f. Beauty during the second quarter valued at $26,000. Matrix Trust Co purchased a new position in e.l.f. Beauty during the 2nd quarter valued at about $27,000. Innealta Capital LLC purchased a new stake in e.l.f. Beauty during the second quarter worth $30,000. Harbor Investment Advisory LLC bought a new position in shares of e.l.f. Beauty during the 1st quarter worth approximately $31,000. Finally, Whittier Trust Co. of Nevada Inc. increased its position 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 worth $36,000 after purchasing an additional 138 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Insider Activity

In related news, CEO Tarang Amin sold 23,528 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the completion of the sale, the chief executive officer now owns 106,016 shares in the company, valued at approximately $14,465,883.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, SVP Joshua Allen Franks sold 3,370 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $201.28, for a total value of $678,313.60. Following the transaction, the senior vice president now owns 71,986 shares in the company, valued at approximately $14,489,342.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Tarang Amin sold 23,528 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $136.45, for a total value of $3,210,395.60. Following the sale, the chief executive officer now directly owns 106,016 shares of the company’s stock, valued at $14,465,883.20. The disclosure for this sale can be found here. Insiders have sold 42,832 shares of company stock valued at $7,074,887 in the last ninety days. 5.20% of the stock is currently owned by company insiders.

e.l.f. Beauty Stock Performance

NYSE ELF opened at $111.31 on Friday. The company has a fifty day moving average of $149.29 and a two-hundred day moving average of $172.40. The company has a market capitalization of $6.23 billion, a PE ratio of 50.14, a P/E/G ratio of 2.33 and a beta of 1.44. e.l.f. Beauty, Inc. has a 1 year low of $88.47 and a 1 year high of $221.83. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.77 and a quick ratio of 1.10.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Thursday, August 8th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.20. The firm had revenue of $324.48 million during the quarter, compared to analysts’ expectations of $303.60 million. e.l.f. Beauty had a return on equity of 23.30% and a net margin of 10.80%. As a group, analysts expect that e.l.f. Beauty, Inc. will post 2.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ELF has been the subject of a number of research reports. Stifel Nicolaus lifted their target price on e.l.f. Beauty from $151.00 to $161.00 and gave the stock a “hold” rating in a report on Monday, July 22nd. JPMorgan Chase & Co. lowered their target price on shares of e.l.f. Beauty from $224.00 to $207.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. UBS Group dropped their price target on shares of e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Bank of America reduced their price objective on shares of e.l.f. Beauty from $230.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, September 9th. Finally, DA Davidson reiterated a “buy” rating and set a $223.00 price target on shares of e.l.f. Beauty in a research report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $198.80.

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.