Suffolk Capital Management LLC Buys Shares of 72,405 e.l.f. Beauty Inc. (NYSE:ELF)
Suffolk Capital Management LLC bought a new stake in e.l.f. Beauty Inc. (NYSE:ELF) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 72,405 shares of the company’s stock, valued at approximately $1,970,000. Suffolk Capital Management LLC owned 0.16% of e.l.f. Beauty as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the company. Jennison Associates LLC bought a new stake in e.l.f. Beauty during the first quarter valued at approximately $5,760,000. Wells Fargo & Company MN raised its stake in e.l.f. Beauty by 2,195.5% in the first quarter. Wells Fargo & Company MN now owns 77,681 shares of the company’s stock valued at $2,238,000 after buying an additional 74,297 shares during the period. First Mercantile Trust Co. bought a new stake in e.l.f. Beauty during the first quarter valued at approximately $150,000. Nationwide Fund Advisors raised its stake in e.l.f. Beauty by 20.2% in the first quarter. Nationwide Fund Advisors now owns 39,245 shares of the company’s stock valued at $1,130,000 after buying an additional 6,607 shares during the period. Finally, Columbus Circle Investors bought a new stake in e.l.f. Beauty during the first quarter valued at approximately $7,393,000. 96.61% of the stock is currently owned by hedge funds and other institutional investors.
e.l.f. Beauty Inc. (NYSE:ELF) opened at 24.82 on Friday. The firm’s 50-day moving average price is $26.10 and its 200-day moving average price is $26.53. e.l.f. Beauty Inc. has a 12 month low of $23.73 and a 12 month high of $32.54. The stock’s market cap is $1.13 billion.
e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Wednesday, May 10th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.04. The company had revenue of $60.60 million during the quarter, compared to analyst estimates of $59.87 million. The company’s quarterly revenue was up 15.0% on a year-over-year basis. On average, analysts predict that e.l.f. Beauty Inc. will post $0.43 earnings per share for the current year.
ILLEGAL ACTIVITY WARNING: “Suffolk Capital Management LLC Buys Shares of 72,405 e.l.f. Beauty Inc. (NYSE:ELF)” was first published by Daily Political and is the property of of Daily Political. If you are accessing this story on another website, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this story can be viewed at https://www.dailypolitical.com/2017/08/05/suffolk-capital-management-llc-buys-shares-of-72405-e-l-f-beauty-inc-nyseelf.html.
Several analysts recently commented on the company. Piper Jaffray Companies set a $34.00 target price on e.l.f. Beauty and gave the stock a “buy” rating in a report on Thursday, May 11th. Cowen and Company set a $34.00 target price on e.l.f. Beauty and gave the stock a “buy” rating in a report on Thursday, May 11th. Zacks Investment Research upgraded e.l.f. Beauty from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Tuesday, May 9th. BMO Capital Markets set a $38.00 price target on e.l.f. Beauty and gave the stock a “buy” rating in a research report on Tuesday, May 2nd. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $30.00 price target on shares of e.l.f. Beauty in a research report on Monday, June 19th. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $31.14.
In related news, insider John P. Bailey sold 33,334 shares of the stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $26.32, for a total value of $877,350.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Tarang Amin sold 47,380 shares of the stock in a transaction on Monday, June 19th. The shares were sold at an average price of $26.09, for a total value of $1,236,144.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 117,698 shares of company stock valued at $3,101,138. 16.50% of the stock is owned by insiders.
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.
Want to see what other hedge funds are holding ELF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for e.l.f. Beauty Inc. (NYSE:ELF).
Receive News & Ratings for e.l.f. Beauty Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for e.l.f. Beauty Inc. and related companies with MarketBeat.com's FREE daily email newsletter.