Securian Asset Management Inc. Has $538,000 Stock Position in e.l.f. Beauty $ELF

Securian Asset Management Inc. lifted its position in shares of e.l.f. Beauty (NYSE:ELF) by 2.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,327 shares of the company’s stock after purchasing an additional 100 shares during the quarter. Securian Asset Management Inc.’s holdings in e.l.f. Beauty were worth $538,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of ELF. GAMMA Investing LLC grew its holdings in shares of e.l.f. Beauty by 132.2% during the 1st quarter. GAMMA Investing LLC now owns 1,999 shares of the company’s stock worth $126,000 after purchasing an additional 1,138 shares in the last quarter. Flagship Harbor Advisors LLC grew its holdings in shares of e.l.f. Beauty by 17.1% during the 1st quarter. Flagship Harbor Advisors LLC now owns 3,226 shares of the company’s stock worth $203,000 after purchasing an additional 472 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of e.l.f. Beauty by 79.3% during the 1st quarter. Oppenheimer & Co. Inc. now owns 8,047 shares of the company’s stock worth $505,000 after purchasing an additional 3,558 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of e.l.f. Beauty by 69.7% during the 1st quarter. International Assets Investment Management LLC now owns 3,911 shares of the company’s stock worth $246,000 after purchasing an additional 1,606 shares in the last quarter. Finally, Moran Wealth Management LLC grew its holdings in shares of e.l.f. Beauty by 15.4% during the 1st quarter. Moran Wealth Management LLC now owns 5,269 shares of the company’s stock worth $331,000 after purchasing an additional 702 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

e.l.f. Beauty Price Performance

Shares of ELF stock opened at $122.84 on Friday. The stock’s fifty day simple moving average is $131.82 and its 200 day simple moving average is $109.44. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.26 and a quick ratio of 2.34. The firm has a market cap of $7.29 billion, a price-to-earnings ratio of 72.26, a P/E/G ratio of 2.91 and a beta of 1.57. e.l.f. Beauty has a one year low of $49.40 and a one year high of $150.99.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. The company had revenue of $353.74 million for the quarter, compared to analyst estimates of $348.99 million. e.l.f. Beauty had a return on equity of 16.36% and a net margin of 7.29%.The business’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.10 earnings per share. On average, analysts expect that e.l.f. Beauty will post 2.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ELF. Bank of America lifted their price objective on e.l.f. Beauty from $135.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, September 17th. Morgan Stanley lifted their price objective on e.l.f. Beauty from $134.00 to $170.00 and gave the stock an “overweight” rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised their target price on e.l.f. Beauty from $130.00 to $168.00 and gave the stock an “overweight” rating in a research report on Friday, October 10th. The Goldman Sachs Group boosted their price target on e.l.f. Beauty from $137.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $165.00 price target on shares of e.l.f. Beauty in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $142.73.

Insider Buying and Selling

In other e.l.f. Beauty news, insider Mandy J. Fields sold 55,692 shares of the business’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $136.28, for a total value of $7,589,705.76. Following the transaction, the insider owned 64,154 shares of the company’s stock, valued at approximately $8,742,907.12. The trade was a 46.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Joshua Allen Franks sold 7,913 shares of the business’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $145.00, for a total value of $1,147,385.00. Following the completion of the transaction, the senior vice president directly owned 99,369 shares in the company, valued at approximately $14,408,505. This represents a 7.38% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 301,060 shares of company stock valued at $40,994,733. Insiders own 3.90% of the company’s stock.

e.l.f. Beauty Profile

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.