Primecap Management Co. CA purchased a new position in shares of e.l.f. Beauty (NYSE:ELF – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,056,780 shares of the company’s stock, valued at approximately $78,202,000.
A number of other institutional investors also recently made changes to their positions in ELF. BNP Paribas Financial Markets lifted its stake in shares of e.l.f. Beauty by 3,131.7% during the fourth quarter. BNP Paribas Financial Markets now owns 924,902 shares of the company’s stock valued at $70,330,000 after buying an additional 896,282 shares during the period. Vanguard Group Inc. boosted its position in e.l.f. Beauty by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 5,487,304 shares of the company’s stock worth $417,255,000 after acquiring an additional 140,258 shares during the last quarter. Norges Bank purchased a new stake in e.l.f. Beauty in the 4th quarter worth approximately $38,895,000. Delta Global Management LP purchased a new stake in e.l.f. Beauty in the 1st quarter worth approximately $1,227,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in e.l.f. Beauty by 138,082.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 276,364 shares of the company’s stock valued at $21,015,000 after acquiring an additional 276,164 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.
e.l.f. Beauty Stock Performance
Shares of NYSE:ELF opened at $107.09 on Thursday. The firm has a market capitalization of $6.32 billion, a PE ratio of 107.09, a P/E/G ratio of 3.29 and a beta of 1.58. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.55 and a quick ratio of 1.82. The business has a 50-day moving average of $81.99 and a two-hundred day moving average of $72.60. e.l.f. Beauty has a 12 month low of $48.82 and a 12 month high of $150.99.
Insider Transactions at e.l.f. Beauty
In other e.l.f. Beauty news, CEO Tarang Amin sold 50,164 shares of e.l.f. Beauty stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $78.24, for a total transaction of $3,924,831.36. Following the transaction, the chief executive officer directly owned 110,496 shares of the company’s stock, valued at $8,645,207.04. The trade was a 31.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Kory Marchisotto sold 12,173 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $88.02, for a total transaction of $1,071,467.46. Following the sale, the insider owned 169,695 shares of the company’s stock, valued at approximately $14,936,553.90. This represents a 6.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 140,780 shares of company stock valued at $10,091,078 in the last three months. 3.50% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on ELF. Bank of America reduced their price target on e.l.f. Beauty from $93.00 to $85.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Robert W. Baird set a $105.00 target price on e.l.f. Beauty in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $64.00 target price on shares of e.l.f. Beauty in a research report on Tuesday, June 16th. Citigroup raised their price target on e.l.f. Beauty from $87.00 to $92.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Finally, Morgan Stanley dropped their price objective on shares of e.l.f. Beauty from $67.00 to $59.00 and set an “equal weight” rating for the company in a research note on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $91.31.
View Our Latest Report on e.l.f. Beauty
e.l.f. Beauty Company 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.
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