Chesapeake Capital Corp IL Invests $2.50 Million in e.l.f. Beauty, Inc. (NYSE:ELF)

Chesapeake Capital Corp IL acquired a new position in e.l.f. Beauty, Inc. (NYSE:ELF) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 17,296 shares of the company’s stock, valued at approximately $2,497,000. e.l.f. Beauty comprises approximately 1.8% of Chesapeake Capital Corp IL’s portfolio, making the stock its 11th largest position.

A number of other institutional investors and hedge funds have also bought and sold shares of ELF. FMR LLC lifted its position in shares of e.l.f. Beauty by 641.2% in the 3rd quarter. FMR LLC now owns 832,404 shares of the company’s stock worth $91,423,000 after acquiring an additional 720,098 shares during the period. State of Alaska Department of Revenue boosted its stake in e.l.f. Beauty by 0.3% during the fourth quarter. State of Alaska Department of Revenue now owns 33,993 shares of the company’s stock worth $4,906,000 after buying an additional 85 shares in the last quarter. First Dallas Securities Inc. bought a new stake in e.l.f. Beauty in the 3rd quarter valued at $3,569,000. Roman Butler Fullerton & Co. acquired a new position in shares of e.l.f. Beauty in the 4th quarter valued at $1,294,000. Finally, William Blair Investment Management LLC lifted its holdings in shares of e.l.f. Beauty by 58.2% during the 3rd quarter. William Blair Investment Management LLC now owns 1,424,268 shares of the company’s stock worth $156,427,000 after acquiring an additional 523,903 shares during the period. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Trading Up 3.6 %

ELF stock traded up $6.65 during trading on Friday, hitting $191.42. The company had a trading volume of 2,549,381 shares, compared to its average volume of 1,649,862. The firm has a 50-day moving average price of $173.42 and a 200-day moving average price of $161.00. The stock has a market cap of $10.63 billion, a price-to-earnings ratio of 86.23, a PEG ratio of 1.80 and a beta of 1.60. e.l.f. Beauty, Inc. has a 12 month low of $88.47 and a 12 month high of $221.83. The company has a quick ratio of 0.83, a current ratio of 1.60 and a debt-to-equity ratio of 0.25.

Insider Transactions at e.l.f. Beauty

In related news, CEO Tarang Amin sold 23,519 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $163.70, for a total value of $3,850,060.30. Following the transaction, the chief executive officer now owns 10,890 shares in the company, valued at $1,782,693. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Kory Marchisotto sold 29,408 shares of the stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $166.40, for a total value of $4,893,491.20. Following the transaction, the insider now owns 156,969 shares of the company’s stock, valued at approximately $26,119,641.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Tarang Amin sold 23,519 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $163.70, for a total value of $3,850,060.30. Following the completion of the transaction, the chief executive officer now owns 10,890 shares in the company, valued at $1,782,693. The disclosure for this sale can be found here. Insiders sold a total of 201,600 shares of company stock worth $34,307,124 over the last 90 days. 5.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. StockNews.com lowered shares of e.l.f. Beauty from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. JPMorgan Chase & Co. dropped their target price on e.l.f. Beauty from $197.00 to $182.00 and set an “overweight” rating for the company in a report on Thursday. Piper Sandler decreased their price target on e.l.f. Beauty from $216.00 to $210.00 and set an “overweight” rating on the stock in a research note on Thursday. Morgan Stanley upped their price target on e.l.f. Beauty from $168.00 to $184.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Finally, TD Cowen raised e.l.f. Beauty from a “hold” rating to a “buy” rating and cut their price objective for the company from $220.00 to $190.00 in a report on Wednesday, April 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $183.77.

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.