Black Swift Group LLC Makes New Investment in e.l.f. Beauty, Inc. (NYSE:ELF)

Black Swift Group LLC purchased a new stake in e.l.f. Beauty, Inc. (NYSE:ELF) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 9,700 shares of the company’s stock, valued at approximately $1,058,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. SG Americas Securities LLC raised its holdings in e.l.f. Beauty by 55.0% in the first quarter. SG Americas Securities LLC now owns 2,141 shares of the company’s stock valued at $420,000 after buying an additional 760 shares during the period. Swiss National Bank boosted 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 purchasing an additional 500 shares during the period. Russell Investments Group Ltd. increased its holdings in e.l.f. Beauty by 9.4% in the 1st quarter. Russell Investments Group Ltd. now owns 80,216 shares of the company’s stock valued at $15,725,000 after purchasing an additional 6,898 shares in the last quarter. ProShare Advisors LLC raised its position in e.l.f. Beauty by 22.1% in the first quarter. ProShare Advisors LLC now owns 12,411 shares of the company’s stock valued at $2,433,000 after purchasing an additional 2,250 shares during the period. Finally, RFP Financial Group LLC acquired a new position in shares of e.l.f. Beauty during the first quarter worth about $42,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analyst Ratings Changes

ELF has been the topic of a number of analyst reports. Raymond James reiterated a “strong-buy” rating and set a $235.00 price objective on shares of e.l.f. Beauty in a research note on Monday, July 22nd. Truist Financial cut their price objective on shares of e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Baird R W upgraded e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 18th. Jefferies Financial Group cut their price target on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Finally, Canaccord Genuity Group lowered their price objective on e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $173.53.

e.l.f. Beauty Trading Down 0.8 %

NYSE ELF traded down $1.00 on Thursday, hitting $121.96. 117,416 shares of the company were exchanged, compared to its average volume of 1,900,365. e.l.f. Beauty, Inc. has a twelve month low of $98.50 and a twelve month high of $221.83. The company’s 50 day moving average price is $111.68 and its 200-day moving average price is $154.73. The firm has a market capitalization of $6.87 billion, a P/E ratio of 66.39, a price-to-earnings-growth ratio of 2.88 and a beta of 1.44. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $301.10 million for the quarter, compared to the consensus estimate of $289.43 million. During the same quarter in the prior year, the company earned $0.66 EPS. The firm’s quarterly revenue was up 39.7% on a year-over-year basis. Analysts predict that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Tarang Amin sold 23,528 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $136.45, for a total value of $3,210,395.60. Following the completion of the sale, the chief executive officer now directly owns 106,016 shares in the company, valued at approximately $14,465,883.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.50% of the company’s stock.

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.