Capricorn Fund Managers Ltd Makes New Investment in e.l.f. Beauty, Inc. (NYSE:ELF)

Capricorn Fund Managers Ltd purchased a new stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 56,000 shares of the company’s stock, valued at approximately $7,118,000. e.l.f. Beauty comprises about 3.2% of Capricorn Fund Managers Ltd’s investment portfolio, making the stock its 8th biggest holding. Capricorn Fund Managers Ltd owned approximately 0.10% of e.l.f. Beauty as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in ELF. Evergreen Capital Management LLC lifted its position in e.l.f. Beauty by 2.1% during the second quarter. Evergreen Capital Management LLC now owns 4,777 shares of the company’s stock valued at $1,007,000 after purchasing an additional 99 shares in the last quarter. Cetera Trust Company N.A grew its stake in shares of e.l.f. Beauty by 14.4% during the 3rd quarter. Cetera Trust Company N.A now owns 1,030 shares of the company’s stock valued at $112,000 after acquiring an additional 130 shares during the period. Fulton Bank N.A. increased its holdings in e.l.f. Beauty by 1.7% in the 3rd quarter. Fulton Bank N.A. now owns 8,222 shares of the company’s stock worth $896,000 after acquiring an additional 139 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in e.l.f. Beauty by 6.5% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,609 shares of the company’s stock worth $284,000 after acquiring an additional 159 shares in the last quarter. Finally, Independent Advisor Alliance lifted its holdings in e.l.f. Beauty by 7.5% during the third quarter. Independent Advisor Alliance now owns 2,983 shares of the company’s stock valued at $325,000 after purchasing an additional 207 shares in the last quarter. Institutional investors own 92.44% of the company’s stock.

Insider Activity

In other e.l.f. Beauty news, CEO Tarang Amin sold 890 shares of the business’s stock in a transaction on 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 in the company, valued at $13,718,582.40. The trade was a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Scott Milsten sold 530 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $72,928.00. Following the completion of the sale, the insider now owns 68,853 shares of the company’s stock, valued at $9,474,172.80. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,205 shares of company stock valued at $297,442. 3.50% of the stock is currently owned by insiders.

e.l.f. Beauty Price Performance

e.l.f. Beauty stock opened at $127.17 on Tuesday. The firm’s fifty day moving average is $129.27 and its 200 day moving average is $136.48. e.l.f. Beauty, Inc. has a 52-week low of $98.50 and a 52-week high of $221.83. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22. The company has a market cap of $7.16 billion, a price-to-earnings ratio of 68.74, a PEG ratio of 2.21 and a beta of 1.50.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.43 by $0.34. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The company had revenue of $301.10 million during the quarter, compared to analyst estimates of $289.43 million. During the same quarter last year, the business posted $0.66 earnings per share. The firm’s revenue was up 39.7% on a year-over-year basis. Sell-side analysts forecast that e.l.f. Beauty, Inc. will post 2.79 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ELF. B. Riley reduced their price objective on shares of e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. DA Davidson reaffirmed a “buy” rating and issued a $170.00 target price on shares of e.l.f. Beauty in a report on Thursday, December 19th. JPMorgan Chase & Co. raised their price target on e.l.f. Beauty from $154.00 to $163.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft initiated coverage on e.l.f. Beauty in a research report on Thursday, December 12th. They issued a “hold” rating and a $133.00 price objective on the stock. Finally, Jefferies Financial Group cut 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 equities research analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $169.06.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.