Vanguard Group Inc. Raises Stake in e.l.f. Beauty $ELF

Vanguard Group Inc. boosted its holdings in shares of e.l.f. Beauty (NYSE:ELF) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,487,304 shares of the company’s stock after acquiring an additional 140,258 shares during the period. Vanguard Group Inc. owned 0.09% of e.l.f. Beauty worth $417,255,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ELF. Tran Capital Management L.P. bought a new stake in shares of e.l.f. Beauty in the 3rd quarter worth approximately $7,436,000. SG Americas Securities LLC boosted its position in shares of e.l.f. Beauty by 1,967.8% in the 4th quarter. SG Americas Securities LLC now owns 155,253 shares of the company’s stock worth $11,805,000 after purchasing an additional 147,745 shares in the last quarter. Jacobson & Schmitt Advisors LLC boosted its position in shares of e.l.f. Beauty by 34.5% in the 4th quarter. Jacobson & Schmitt Advisors LLC now owns 188,924 shares of the company’s stock worth $14,366,000 after purchasing an additional 48,504 shares in the last quarter. Summit Creek Advisors LLC boosted its position in shares of e.l.f. Beauty by 14.6% in the 3rd quarter. Summit Creek Advisors LLC now owns 101,453 shares of the company’s stock worth $13,440,000 after purchasing an additional 12,936 shares in the last quarter. Finally, Capital International Investors boosted its position in shares of e.l.f. Beauty by 11.9% in the 3rd quarter. Capital International Investors now owns 936,831 shares of the company’s stock worth $124,111,000 after purchasing an additional 99,594 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

e.l.f. Beauty Stock Performance

Shares of ELF stock opened at $61.49 on Thursday. The company has a 50 day moving average price of $70.67 and a 200-day moving average price of $81.47. e.l.f. Beauty has a 52 week low of $58.05 and a 52 week high of $150.99. The firm has a market capitalization of $3.63 billion, a PE ratio of 34.74, a P/E/G ratio of 3.20 and a beta of 1.71. The company has a quick ratio of 1.89, a current ratio of 2.76 and a debt-to-equity ratio of 0.70.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.52. e.l.f. Beauty had a net margin of 6.84% and a return on equity of 15.08%. The firm had revenue of $489.51 million during the quarter, compared to analyst estimates of $461.78 million. During the same period in the previous year, the business posted $0.74 earnings per share. The business’s revenue for the quarter was up 37.8% on a year-over-year basis. As a group, equities research analysts expect that e.l.f. Beauty will post 1.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ELF. Citigroup dropped their price target on e.l.f. Beauty from $115.00 to $87.00 and set a “buy” rating on the stock in a research report on Wednesday, April 15th. Evercore began coverage on shares of e.l.f. Beauty in a report on Thursday, April 2nd. They issued an “inline” rating and a $68.00 target price for the company. TD Cowen decreased their target price on shares of e.l.f. Beauty from $110.00 to $100.00 and set a “buy” rating for the company in a report on Monday, February 9th. Jefferies Financial Group began coverage on shares of e.l.f. Beauty in a report on Wednesday, January 14th. They issued a “buy” rating and a $110.00 target price for the company. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $67.00 target price (down from $80.00) on shares of e.l.f. Beauty in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, e.l.f. Beauty currently has an average rating of “Moderate Buy” and a consensus target price of $103.06.

Insider Transactions at e.l.f. Beauty

In related news, CEO Tarang Amin sold 41,520 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $63.66, for a total transaction of $2,643,163.20. Following the completion of the sale, the chief executive officer directly owned 112,690 shares in the company, valued at approximately $7,173,845.40. The trade was a 26.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Mandy J. Fields sold 23,656 shares of the business’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $63.66, for a total transaction of $1,505,940.96. Following the sale, the insider owned 77,437 shares of the company’s stock, valued at $4,929,639.42. This trade represents a 23.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 210,013 shares of company stock valued at $13,315,490. Company insiders own 3.90% of the company’s stock.

e.l.f. Beauty Profile

e.l.f. Beauty (NYSE: ELF) is an American cosmetics company known for offering an extensive range of affordable, trend-driven makeup and skincare products. The company’s portfolio spans foundations, lipsticks, mascaras, brushes, serums, masks and other beauty essentials, all positioned at accessible price points. e.l.f. Beauty maintains a direct-to-consumer platform through its e-commerce site and engages in widespread retail partnerships with major chains such as Target, Walmart, Ulta Beauty and Amazon.

Founded in 2004 and headquartered in Oakland, California, e.l.f.