Coldstream Capital Management Inc. Increases Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Coldstream Capital Management Inc. boosted its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 319.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,179 shares of the company’s stock after purchasing an additional 3,182 shares during the period. Coldstream Capital Management Inc.’s holdings in e.l.f. Beauty were worth $501,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in ELF. Wealth Enhancement Advisory Services LLC grew its position in e.l.f. Beauty by 139.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,203 shares of the company’s stock valued at $1,729,000 after acquiring an additional 4,776 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in e.l.f. Beauty by 44.3% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,300 shares of the company’s stock valued at $1,328,000 after purchasing an additional 1,935 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in e.l.f. Beauty during the 2nd quarter valued at $232,000. Raymond James & Associates increased its stake in e.l.f. Beauty by 21.1% during the 2nd quarter. Raymond James & Associates now owns 123,631 shares of the company’s stock worth $26,052,000 after buying an additional 21,554 shares during the period. Finally, Dakota Wealth Management lifted its holdings in e.l.f. Beauty by 1,727.2% in the 2nd quarter. Dakota Wealth Management now owns 58,764 shares of the company’s stock worth $12,383,000 after buying an additional 55,548 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ELF shares. Morgan Stanley dropped their target price on e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating on the stock in a research report on Monday, September 30th. JPMorgan Chase & Co. cut their target price on e.l.f. Beauty from $167.00 to $154.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. DA Davidson reissued a “buy” rating and set a $170.00 price target on shares of e.l.f. Beauty in a research report on Wednesday. Jefferies Financial Group dropped their price target on shares of e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group initiated coverage on shares of e.l.f. Beauty in a report on Friday. They set a “buy” rating and a $165.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $170.65.

e.l.f. Beauty Trading Up 6.9 %

Shares of NYSE ELF opened at $140.63 on Friday. 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 market cap of $7.92 billion, a price-to-earnings ratio of 76.02, a price-to-earnings-growth ratio of 3.03 and a beta of 1.49. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. The stock’s 50 day simple moving average is $118.97 and its 200 day simple moving average is $148.92.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.34. The company had revenue of $301.10 million during the quarter, compared to the consensus estimate of $289.43 million. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The company’s revenue for the quarter was up 39.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 earnings per share. Equities 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 related news, CEO Tarang Amin sold 890 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $122,464.00. Following the completion of the sale, the chief executive officer now owns 99,699 shares of the company’s stock, valued at $13,718,582.40. This represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Maureen C. Watson sold 785 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $130.00, for a total transaction of $102,050.00. Following the transaction, the director now directly owns 1,888 shares in the company, valued at approximately $245,440. The trade was a 29.37 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,205 shares of company stock worth $297,442. Company insiders own 3.50% of the company’s stock.

e.l.f. Beauty Company 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.