Ithaka Group LLC Lowers Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Ithaka Group LLC decreased its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 2.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 49,148 shares of the company’s stock after selling 1,293 shares during the quarter. e.l.f. Beauty accounts for about 1.0% of Ithaka Group LLC’s holdings, making the stock its 29th biggest holding. Ithaka Group LLC’s holdings in e.l.f. Beauty were worth $5,359,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Baillie Gifford & Co. raised its stake in e.l.f. Beauty by 39.5% in the third quarter. Baillie Gifford & Co. now owns 5,305,692 shares of the company’s stock worth $578,480,000 after buying an additional 1,501,151 shares in the last quarter. William Blair Investment Management LLC raised its stake in e.l.f. Beauty by 12.5% in the second quarter. William Blair Investment Management LLC now owns 1,512,180 shares of the company’s stock worth $318,647,000 after buying an additional 168,267 shares in the last quarter. Clearbridge Investments LLC raised its stake in e.l.f. Beauty by 84.4% in the second quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock worth $265,432,000 after buying an additional 576,383 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in e.l.f. Beauty by 55.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 730,377 shares of the company’s stock worth $79,633,000 after buying an additional 261,707 shares in the last quarter. Finally, Swedbank AB bought a new position in e.l.f. Beauty in the third quarter worth approximately $76,321,000. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Price Performance

NYSE:ELF opened at $122.25 on Friday. e.l.f. Beauty, Inc. has a one year low of $98.50 and a one year high of $221.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78. The firm has a market cap of $6.89 billion, a price-to-earnings ratio of 66.08, a PEG ratio of 2.67 and a beta of 1.44. The firm’s fifty day moving average is $112.04 and its two-hundred day moving average is $153.08.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly 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 net margin of 8.87% and a return on equity of 19.34%. The company had revenue of $301.10 million for the quarter, compared to analyst estimates of $289.43 million. During the same period in the prior year, the company earned $0.66 earnings per share. The firm’s revenue was up 39.7% on a year-over-year basis. Research analysts expect that e.l.f. Beauty, Inc. will post 2.8 EPS for the current year.

Insider Transactions at e.l.f. Beauty

In other news, CEO Tarang Amin sold 23,528 shares of the stock in a transaction dated 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 of the company’s stock, valued at $14,465,883.20. This represents a 18.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 3.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ELF. TD Cowen reduced their price target on 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. Jefferies Financial Group reduced their price target on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Bank of America reduced their price target on e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. 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. Finally, Stifel Nicolaus reduced their price target on e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating on the stock in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $173.53.

e.l.f. Beauty 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.