State Street Corp grew its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 3.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,665,203 shares of the company's stock after buying an additional 59,248 shares during the period. State Street Corp owned 2.96% of e.l.f. Beauty worth $181,557,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in ELF. Ashton Thomas Private Wealth LLC acquired a new position in e.l.f. Beauty in the second quarter valued at $26,000. Innealta Capital LLC purchased a new position in shares of e.l.f. Beauty in the 2nd quarter worth about $30,000. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of e.l.f. Beauty by 405.9% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company's stock valued at $36,000 after purchasing an additional 138 shares in the last quarter. Crewe Advisors LLC grew its holdings in shares of e.l.f. Beauty by 456.3% during the 2nd quarter. Crewe Advisors LLC now owns 178 shares of the company's stock worth $38,000 after purchasing an additional 146 shares during the period. Finally, Planning Capital Management Corp increased its position in e.l.f. Beauty by 1,855.0% during the 3rd quarter. Planning Capital Management Corp now owns 391 shares of the company's stock worth $43,000 after purchasing an additional 371 shares in the last quarter. 92.44% of the stock is currently owned by hedge funds and other institutional investors.
In other e.l.f. Beauty news, CEO Tarang Amin sold 890 shares of the firm's stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $122,464.00. Following the transaction, the chief executive officer now owns 99,699 shares of the company's stock, valued at approximately $13,718,582.40. This trade represents a 0.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Maureen C. Watson sold 785 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $130.00, for a total transaction of $102,050.00. Following the completion of the transaction, the director now owns 1,888 shares of the company's stock, valued at $245,440. This trade represents a 29.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,205 shares of company stock worth $297,442. Insiders own 3.50% of the company's stock.
e.l.f. Beauty stock opened at $131.52 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. e.l.f. Beauty, Inc. has a 12 month low of $98.50 and a 12 month high of $221.83. The company has a fifty day moving average price of $117.75 and a two-hundred day moving average price of $149.71. The company has a market cap of $7.41 billion, a PE ratio of 71.09, a P/E/G ratio of 3.06 and a beta of 1.49.
e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.34. The business had revenue of $301.10 million for the quarter, compared to analysts' expectations of $289.43 million. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The business's quarterly revenue was up 39.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.66 EPS. Research analysts expect that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current year.
Several research firms have issued reports on ELF. DA Davidson reiterated a "buy" rating and set a $170.00 price objective on shares of e.l.f. Beauty in a research note on Wednesday. JPMorgan Chase & Co. lowered their price target on 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. Stifel Nicolaus reduced their price objective on e.l.f. Beauty from $131.00 to $115.00 and set a "hold" rating on the stock in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft began 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. Finally, Robert W. Baird reduced their price target on e.l.f. Beauty from $240.00 to $175.00 and set an "outperform" rating on the stock in a research report on Monday, October 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have issued 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 price target of $171.00.
Check Out Our Latest Stock Analysis on 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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