Oddo BHF Asset Management Sas Invests $1.16 Million in e.l.f. Beauty, Inc. (NYSE:ELF)

Oddo BHF Asset Management Sas purchased a new stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,640 shares of the company’s stock, valued at approximately $1,160,000.

Several other institutional investors have also recently bought and sold shares of ELF. Wealth Enhancement Advisory Services LLC raised its holdings in shares of e.l.f. Beauty by 139.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,203 shares of the company’s stock valued at $1,729,000 after buying an additional 4,776 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of e.l.f. Beauty by 44.3% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,300 shares of the company’s stock worth $1,328,000 after purchasing an additional 1,935 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of e.l.f. Beauty during the second quarter valued at approximately $232,000. Raymond James & Associates increased its holdings in shares of e.l.f. Beauty by 21.1% in the second quarter. Raymond James & Associates now owns 123,631 shares of the company’s stock valued at $26,052,000 after purchasing an additional 21,554 shares in the last quarter. Finally, Lifestyle Asset Management Inc. raised its position in e.l.f. Beauty by 24.1% in the 2nd quarter. Lifestyle Asset Management Inc. now owns 1,662 shares of the company’s stock worth $350,000 after purchasing an additional 323 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft initiated coverage on e.l.f. Beauty in a research note on Thursday. They issued a “hold” rating and a $133.00 target price for the company. TD Cowen cut their target price on shares of e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. DA Davidson reiterated a “buy” rating and set a $170.00 price target on shares of e.l.f. Beauty in a research report on Wednesday. The Goldman Sachs Group started coverage on shares of e.l.f. Beauty in a report on Friday. They issued a “buy” rating and a $165.00 price objective on the stock. Finally, Robert W. Baird lowered their target price on shares of e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and an average price target of $170.65.

Insider Buying and Selling at e.l.f. Beauty

In related news, insider Scott Milsten sold 530 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $72,928.00. Following the completion of the transaction, the insider now directly owns 68,853 shares of the company’s stock, valued at approximately $9,474,172.80. This trade represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Maureen C. Watson sold 785 shares of the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $130.00, for a total transaction of $102,050.00. Following the transaction, the director now owns 1,888 shares in the company, valued at approximately $245,440. The trade was a 29.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,205 shares of company stock worth $297,442. Insiders own 3.50% of the company’s stock.

e.l.f. Beauty Price Performance

ELF stock opened at $140.60 on Friday. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. The stock has a market cap of $7.92 billion, a PE ratio of 76.00, a price-to-earnings-growth ratio of 3.03 and a beta of 1.49. The stock has a 50-day moving average price of $118.27 and a two-hundred day moving average price of $149.58. e.l.f. Beauty, Inc. has a 1 year low of $98.50 and a 1 year high of $221.83.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.43 by $0.34. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The firm had revenue of $301.10 million for the quarter, compared to analysts’ expectations of $289.43 million. During the same quarter in the previous year, the business posted $0.66 EPS. The business’s quarterly revenue was up 39.7% compared to the same quarter last year. Equities analysts forecast that e.l.f. Beauty, Inc. will post 2.8 EPS for the current fiscal year.

e.l.f. Beauty Company Profile

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.