DekaBank Deutsche Girozentrale Boosts Position in e.l.f. Beauty, Inc. (NYSE:ELF)

DekaBank Deutsche Girozentrale increased its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 81.6% in the third quarter, HoldingsChannel.com reports. The fund owned 6,290 shares of the company’s stock after acquiring an additional 2,826 shares during the period. DekaBank Deutsche Girozentrale’s holdings in e.l.f. Beauty were worth $697,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Baillie Gifford & Co. purchased a new stake in shares of e.l.f. Beauty in the 2nd quarter worth about $801,693,000. William Blair Investment Management LLC boosted its position in e.l.f. Beauty by 12.5% during the 2nd quarter. William Blair Investment Management LLC now owns 1,512,180 shares of the company’s stock valued at $318,647,000 after acquiring an additional 168,267 shares in the last quarter. Clearbridge Investments LLC grew its holdings in shares of e.l.f. Beauty by 84.4% during the 2nd quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock worth $265,432,000 after acquiring an additional 576,383 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of e.l.f. Beauty by 55.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 730,377 shares of the company’s stock worth $79,633,000 after acquiring an additional 261,707 shares in the last quarter. Finally, Swedbank AB bought a new position in shares of e.l.f. Beauty in the 3rd quarter worth approximately $76,321,000. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Performance

Shares of NYSE ELF opened at $103.12 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.77 and a debt-to-equity ratio of 0.23. The firm’s 50-day moving average price is $116.65 and its 200-day moving average price is $157.68. e.l.f. Beauty, Inc. has a 52-week low of $90.34 and a 52-week high of $221.83. The company has a market cap of $5.81 billion, a PE ratio of 49.10, a PEG ratio of 2.27 and a beta of 1.43.

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

Insider Buying and Selling

In other e.l.f. Beauty news, CEO Tarang Amin sold 548 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $175.00, for a total value of $95,900.00. Following the transaction, the chief executive officer now owns 214,507 shares of the company’s stock, valued at approximately $37,538,725. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ELF has been the topic of several recent research reports. 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 note on Tuesday, October 15th. Baird R W upgraded shares of e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 18th. DA Davidson reissued a “buy” rating and set a $223.00 price objective on shares of e.l.f. Beauty in a research note on Tuesday, October 29th. 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. Finally, Stifel Nicolaus lowered their target price on shares of e.l.f. Beauty from $161.00 to $131.00 and set a “hold” rating for the company in a report on Thursday, October 24th. 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, e.l.f. Beauty has a consensus rating of “Moderate Buy” and an average price target of $183.80.

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.