Choreo LLC Invests $560,000 in e.l.f. Beauty, Inc. (NYSE:ELF)

Choreo LLC bought a new position in e.l.f. Beauty, Inc. (NYSE:ELF) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,739 shares of the company’s stock, valued at approximately $560,000.

Other hedge funds have also modified their holdings of the company. Wellington Management Group LLP raised its holdings in shares of e.l.f. Beauty by 5.2% in the 4th quarter. Wellington Management Group LLP now owns 2,540,832 shares of the company’s stock worth $366,744,000 after buying an additional 126,231 shares in the last quarter. Swiss National Bank grew its position in e.l.f. Beauty by 0.5% during the 1st quarter. Swiss National Bank now owns 108,900 shares of the company’s stock worth $21,348,000 after acquiring an additional 500 shares during the last quarter. Private Advisor Group LLC bought a new stake in e.l.f. Beauty during the 1st quarter worth approximately $417,000. WD Rutherford LLC grew its position in e.l.f. Beauty by 17.5% during the 2nd quarter. WD Rutherford LLC now owns 15,916 shares of the company’s stock worth $3,354,000 after acquiring an additional 2,374 shares during the last quarter. Finally, ProShare Advisors LLC grew its position in e.l.f. Beauty by 22.1% during the 1st quarter. ProShare Advisors LLC now owns 12,411 shares of the company’s stock worth $2,433,000 after acquiring an additional 2,250 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ELF shares. JPMorgan Chase & Co. decreased their price target on e.l.f. Beauty from $224.00 to $207.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Robert W. Baird increased 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. Stifel Nicolaus increased their price target on e.l.f. Beauty from $151.00 to $161.00 and gave the stock a “hold” rating in a research report on Monday, July 22nd. Truist Financial increased their price objective on e.l.f. Beauty from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Finally, B. Riley started coverage on e.l.f. Beauty in a research report on Tuesday, September 10th. They issued a “buy” rating and a $175.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $205.33.

e.l.f. Beauty Stock Up 1.7 %

NYSE:ELF opened at $116.63 on Friday. e.l.f. Beauty, Inc. has a 12-month low of $88.47 and a 12-month high of $221.83. The company has a quick ratio of 1.10, a current ratio of 1.77 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $6.58 billion, a P/E ratio of 52.54, a P/E/G ratio of 2.37 and a beta of 1.44. The stock’s fifty day simple moving average is $162.94 and its 200-day simple moving average is $177.71.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.20. The business had revenue of $324.48 million for the quarter, compared to analyst estimates of $303.60 million. e.l.f. Beauty had a return on equity of 23.30% and a net margin of 10.80%. Equities research analysts expect that e.l.f. Beauty, Inc. will post 2.88 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Tarang Amin sold 548 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $175.00, for a total transaction of $95,900.00. Following the sale, the chief executive officer now owns 214,507 shares of the company’s stock, valued at approximately $37,538,725. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 3,370 shares of e.l.f. Beauty 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 sale, the senior vice president now owns 71,986 shares of the company’s stock, valued at approximately $14,489,342.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tarang Amin sold 548 shares of e.l.f. Beauty stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $175.00, for a total value of $95,900.00. Following the completion of the sale, the chief executive officer now directly owns 214,507 shares in the company, valued at approximately $37,538,725. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,304 shares of company stock valued at $3,864,492. 5.20% of the stock is owned by company 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.