Daiwa Securities Group Inc. Acquires 1,270 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Daiwa Securities Group Inc. increased its position in e.l.f. Beauty, Inc. (NYSE:ELF) by 114.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,375 shares of the company’s stock after acquiring an additional 1,270 shares during the quarter. Daiwa Securities Group Inc.’s holdings in e.l.f. Beauty were worth $500,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP raised its position in shares of e.l.f. Beauty by 5.2% during the 4th quarter. Wellington Management Group LLP now owns 2,540,832 shares of the company’s stock valued at $366,744,000 after purchasing an additional 126,231 shares during the period. Swiss National Bank lifted its stake 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 valued at $21,348,000 after acquiring an additional 500 shares during the period. Private Advisor Group LLC purchased a new stake in e.l.f. Beauty in the 1st quarter worth $417,000. WD Rutherford LLC lifted its stake in shares of e.l.f. Beauty by 17.5% in the second quarter. WD Rutherford LLC now owns 15,916 shares of the company’s stock worth $3,354,000 after buying an additional 2,374 shares in the last quarter. Finally, ProShare Advisors LLC raised its stake in e.l.f. Beauty by 22.1% during the first quarter. ProShare Advisors LLC now owns 12,411 shares of the company’s stock worth $2,433,000 after purchasing an additional 2,250 shares during the period. 92.44% of the stock is owned by institutional investors.

e.l.f. Beauty Price Performance

ELF opened at $113.17 on Tuesday. 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 company has a 50 day moving average of $161.14 and a two-hundred day moving average of $176.84. The company has a market cap of $6.38 billion, a P/E ratio of 50.98, a P/E/G ratio of 2.37 and a beta of 1.44. e.l.f. Beauty, Inc. has a 52-week low of $88.47 and a 52-week high of $221.83.

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

Wall Street Analyst Weigh In

ELF has been the topic of a number of research reports. DA Davidson restated a “buy” rating and set a $223.00 target price on shares of e.l.f. Beauty in a research report on Wednesday, September 11th. 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. Baird R W upgraded shares of e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 18th. 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 report on Friday, August 9th. Finally, Piper Sandler cut their target price on e.l.f. Beauty from $260.00 to $162.00 and set an “overweight” rating on the stock in a research note on Monday. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $198.80.

Insider Buying and Selling

In other e.l.f. Beauty news, CEO Tarang Amin sold 548 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $175.00, for a total transaction of $95,900.00. Following the transaction, the chief executive officer now directly owns 214,507 shares in the company, valued at approximately $37,538,725. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other e.l.f. Beauty news, CEO Tarang Amin sold 548 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly owns 214,507 shares of the company’s stock, valued at $37,538,725. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Joshua Allen Franks sold 3,370 shares of the stock in a transaction on 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 disclosure for this sale can be found here. Insiders have sold a total of 19,304 shares of company stock valued at $3,864,492 over the last three months. 5.20% of the stock is owned by corporate 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.