Qsemble Capital Management LP bought a new stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF – Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,325 shares of the company’s stock, valued at approximately $253,000.
Other large investors have also recently made changes to their positions in the company. Canada Pension Plan Investment Board purchased a new position in shares of e.l.f. Beauty during the second quarter valued at approximately $6,659,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in e.l.f. Beauty by 1,380.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,284 shares of the company’s stock worth $1,775,000 after acquiring an additional 15,184 shares during the last quarter. Cetera Investment Advisers raised its holdings in e.l.f. Beauty by 33.8% in the 2nd quarter. Cetera Investment Advisers now owns 39,319 shares of the company’s stock worth $8,285,000 after acquiring an additional 9,939 shares during the last quarter. Clearbridge Investments LLC raised its holdings in e.l.f. Beauty by 84.4% in the 2nd quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock worth $265,432,000 after acquiring an additional 576,383 shares during the last quarter. Finally, Congress Asset Management Co. raised its holdings in e.l.f. Beauty by 14.2% in the 3rd quarter. Congress Asset Management Co. now owns 503,577 shares of the company’s stock worth $54,905,000 after acquiring an additional 62,480 shares during the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of brokerages recently weighed in on ELF. JPMorgan Chase & Co. decreased their price objective on shares of e.l.f. Beauty from $167.00 to $154.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. Piper Sandler restated an “overweight” rating and issued a $165.00 price objective (up from $162.00) on shares of e.l.f. Beauty in a report on Thursday, November 7th. DA Davidson restated a “buy” rating and issued a $170.00 price objective on shares of e.l.f. Beauty in a report on Monday. Morgan Stanley decreased their price objective on shares of e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating for the company in a report on Monday, September 30th. Finally, Truist Financial decreased their target price on shares of e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $173.53.
e.l.f. Beauty Trading Up 2.3 %
Shares of ELF stock opened at $127.20 on Thursday. e.l.f. Beauty, Inc. has a 1 year low of $98.50 and a 1 year high of $221.83. The firm has a fifty day moving average price of $113.07 and a 200-day moving average price of $151.94. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. The company has a market cap of $7.17 billion, a price-to-earnings ratio of 68.76, a PEG ratio of 2.85 and a beta of 1.44.
e.l.f. Beauty (NYSE:ELF – Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.34. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The firm had revenue of $301.10 million during the quarter, compared to the consensus estimate of $289.43 million. During the same quarter in the previous year, the firm posted $0.66 EPS. The company’s revenue for the quarter was up 39.7% compared to the same quarter last year. As a group, equities analysts predict that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current year.
Insider Buying and Selling
In related news, CEO Tarang Amin sold 23,528 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $136.45, for a total value of $3,210,395.60. Following the completion of the transaction, the chief executive officer now owns 106,016 shares of the company’s stock, valued at approximately $14,465,883.20. This represents a 18.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 3.50% of the stock is currently owned by insiders.
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.
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