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.

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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.

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Institutional Ownership by Quarter for e.l.f. Beauty (NYSE:ELF)

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