e.l.f. Beauty, Inc. (NYSE:ELF) Shares Acquired by Premier Fund Managers Ltd

Premier Fund Managers Ltd boosted its position in e.l.f. Beauty, Inc. (NYSE:ELF) by 32.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,259 shares of the company’s stock after acquiring an additional 2,259 shares during the quarter. Premier Fund Managers Ltd’s holdings in e.l.f. Beauty were worth $1,042,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC acquired a new stake in shares of e.l.f. Beauty in the 2nd quarter valued at $26,000. Matrix Trust Co purchased a new stake in e.l.f. Beauty during the 2nd quarter worth about $27,000. Innealta Capital LLC acquired a new position in shares of e.l.f. Beauty during the 2nd quarter worth about $30,000. Whittier Trust Co. of Nevada Inc. increased its holdings 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 acquiring an additional 138 shares during the last quarter. Finally, Crewe Advisors LLC raised its position 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 acquiring an additional 146 shares in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Performance

Shares of ELF opened at $121.53 on Wednesday. The stock has a market capitalization of $6.85 billion, a P/E ratio of 65.69, a P/E/G ratio of 2.66 and a beta of 1.44. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78. e.l.f. Beauty, Inc. has a 1 year low of $98.50 and a 1 year high of $221.83. The company’s fifty day moving average is $111.57 and its two-hundred day moving average is $153.80.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) 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 analyst estimates of $289.43 million. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The business’s revenue was up 39.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.66 earnings per share. On average, sell-side analysts predict that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current year.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,528 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the sale, the chief executive officer now directly owns 106,016 shares in the company, valued at approximately $14,465,883.20. The trade was a 18.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.50% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on ELF shares. DA Davidson dropped their price target on shares of e.l.f. Beauty from $223.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. B. Riley dropped their target price on shares of e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Morgan Stanley reduced their price target on shares of e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating for the company in a research report on Monday, September 30th. Stifel Nicolaus dropped their price objective on e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating on the stock in a report on Thursday, November 7th. Finally, Jefferies Financial Group decreased their target price on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and a consensus price target of $173.53.

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.