Xponance Inc. Has $2.29 Million Stake in e.l.f. Beauty, Inc. (NYSE:ELF)

Xponance Inc. grew its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 37.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,844 shares of the company’s stock after purchasing an additional 2,963 shares during the period. Xponance Inc.’s holdings in e.l.f. Beauty were worth $2,285,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ELF. Guidance Capital Inc. lifted its stake in e.l.f. Beauty by 1.6% in the 4th quarter. Guidance Capital Inc. now owns 3,510 shares of the company’s stock worth $490,000 after acquiring an additional 56 shares in the last quarter. Picton Mahoney Asset Management lifted its position in shares of e.l.f. Beauty by 3.2% in the second quarter. Picton Mahoney Asset Management now owns 2,430 shares of the company’s stock worth $512,000 after purchasing an additional 75 shares in the last quarter. Hanseatic Management Services Inc. boosted its holdings in shares of e.l.f. Beauty by 1.7% during the second quarter. Hanseatic Management Services Inc. now owns 4,507 shares of the company’s stock worth $950,000 after purchasing an additional 77 shares during the period. GAMMA Investing LLC grew its position in e.l.f. Beauty by 33.2% during the first quarter. GAMMA Investing LLC now owns 353 shares of the company’s stock valued at $69,000 after purchasing an additional 88 shares in the last quarter. Finally, American International Group Inc. increased its stake in e.l.f. Beauty by 0.3% in the 4th quarter. American International Group Inc. now owns 29,435 shares of the company’s stock valued at $4,249,000 after buying an additional 90 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

Insider Buying and Selling at e.l.f. Beauty

In other news, SVP Joshua Allen Franks sold 3,370 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $201.28, for a total value of $678,313.60. Following the completion of the sale, the senior vice president now directly owns 71,986 shares of the company’s stock, valued at approximately $14,489,342.08. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, SVP Joshua Allen Franks sold 3,370 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $201.28, for a total value of $678,313.60. Following the completion of the transaction, the senior vice president now owns 71,986 shares of the company’s stock, valued at approximately $14,489,342.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Tarang Amin sold 548 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $175.00, for a total value of $95,900.00. Following the sale, the chief executive officer now directly owns 214,507 shares in the company, valued at approximately $37,538,725. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,832 shares of company stock valued at $7,074,887. 5.20% of the stock is currently owned by company insiders.

e.l.f. Beauty Price Performance

Shares of ELF stock opened at $111.31 on Friday. The firm’s 50 day moving average is $149.29 and its 200-day moving average is $172.40. The company has a current ratio of 1.77, a quick ratio of 1.10 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $6.23 billion, a price-to-earnings ratio of 50.14, a PEG ratio of 2.33 and a beta of 1.44. e.l.f. Beauty, Inc. has a 1 year low of $88.47 and a 1 year high of $221.83.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Thursday, August 8th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.67 by $0.20. e.l.f. Beauty had a net margin of 10.80% and a return on equity of 23.30%. The company had revenue of $324.48 million during the quarter, compared to analysts’ expectations of $303.60 million. Sell-side analysts forecast that e.l.f. Beauty, Inc. will post 2.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. UBS Group decreased their target price on shares of e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Canaccord Genuity Group boosted their target price on e.l.f. Beauty from $214.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Robert W. Baird upped their target price on e.l.f. Beauty from $230.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Baird R W upgraded e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 18th. Finally, B. Riley assumed coverage on e.l.f. Beauty in a report on Tuesday, September 10th. They issued a “buy” rating and a $175.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $198.80.

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.