Oak Ridge Investments LLC lifted its position in shares of e.l.f. Beauty Inc. (NYSE:ELF) by 5.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,478,678 shares of the company’s stock after purchasing an additional 77,625 shares during the period. e.l.f. Beauty comprises about 1.3% of Oak Ridge Investments LLC’s holdings, making the stock its 29th largest position. Oak Ridge Investments LLC owned 3.24% of e.l.f. Beauty worth $40,235,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in shares of e.l.f. Beauty by 2.2% during the first quarter. Geode Capital Management LLC now owns 100,544 shares of the company’s stock worth $2,895,000 after buying an additional 2,145 shares during the last quarter. Marshall Wace North America L.P. purchased a new position in shares of e.l.f. Beauty during the second quarter worth about $5,521,000. Elk Creek Partners LLC purchased a new position in shares of e.l.f. Beauty during the first quarter worth about $7,200,000. Bank of New York Mellon Corp grew its holdings in shares of e.l.f. Beauty by 7.2% during the first quarter. Bank of New York Mellon Corp now owns 50,987 shares of the company’s stock worth $1,469,000 after buying an additional 3,421 shares during the last quarter. Finally, Sei Investments Co. purchased a new position in shares of e.l.f. Beauty during the second quarter worth about $5,632,000. Institutional investors and hedge funds own 86.06% of the company’s stock.
ELF has been the topic of a number of research reports. BMO Capital Markets reaffirmed an “outperform” rating and issued a $38.00 price objective on shares of e.l.f. Beauty in a report on Monday, June 12th. Citigroup Inc. began coverage on shares of e.l.f. Beauty in a research report on Tuesday, July 25th. They set a “buy” rating and a $30.00 price target for the company. Piper Jaffray Companies set a $32.00 price target on shares of e.l.f. Beauty and gave the company a “buy” rating in a research report on Thursday, August 10th. Cowen and Company reiterated an “outperform” rating and set a $34.00 price target on shares of e.l.f. Beauty in a research report on Monday, June 12th. Finally, DA Davidson began coverage on shares of e.l.f. Beauty in a research report on Wednesday, September 6th. They set a “buy” rating and a $26.00 price target for the company. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $30.59.
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Shares of e.l.f. Beauty Inc. (ELF) traded down 0.20% on Friday, reaching $20.30. The company’s stock had a trading volume of 846,499 shares. e.l.f. Beauty Inc. has a 1-year low of $19.72 and a 1-year high of $32.54. The stock has a 50-day moving average of $20.12 and a 200 day moving average of $23.55. The stock’s market capitalization is $935.83 million.
e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Wednesday, August 9th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.07. e.l.f. Beauty had a net margin of 4.16% and a return on equity of 10.54%. The firm had revenue of $55.90 million for the quarter, compared to analyst estimates of $55.73 million. e.l.f. Beauty’s revenue for the quarter was up 26.8% compared to the same quarter last year. On average, equities analysts forecast that e.l.f. Beauty Inc. will post $0.46 EPS for the current year.
In other e.l.f. Beauty news, insider John P. Bailey sold 33,334 shares of the company’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $26.32, for a total value of $877,350.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Tarang Amin sold 47,380 shares of the company’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of $26.09, for a total transaction of $1,236,144.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 177,237 shares of company stock worth $4,586,569. Corporate insiders own 16.50% of the company’s stock.
About e.l.f. Beauty
e.l.f. Beauty, Inc, formerly J.A. Cosmetics Holdings, Inc, is a cosmetic company. The Company conducts its business under the name e.l.f. Cosmetics, and offers products for eyes, lips and face to consumers through its retail customers, e.l.f. stores and e-commerce channels. The Company offers a range of products for eyes, such as eyeshadow, eyeliner, mascara and eyelashes, eyebrows, concealer and primer, brushes and tools, and sets and palettes.
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