1,590 Shares in e.l.f. Beauty, Inc. (NYSE:ELF) Bought by Quest Partners LLC

Quest Partners LLC purchased a new stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) during the third quarter, Holdings Channel reports. The fund purchased 1,590 shares of the company’s stock, valued at approximately $173,000.

A number of other large investors have also recently bought and sold shares of the business. Baillie Gifford & Co. bought a new stake in shares of e.l.f. Beauty during the 2nd quarter valued at about $801,693,000. Swedbank AB acquired a new position in e.l.f. Beauty in the third quarter valued at approximately $76,321,000. Clearbridge Investments LLC boosted 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 buying an additional 576,383 shares in the last quarter. Thrivent Financial for Lutherans grew its position in shares of e.l.f. Beauty by 223.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 555,287 shares of the company’s stock worth $60,543,000 after buying an additional 383,478 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake 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 valued at $79,633,000 after acquiring an additional 261,707 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at e.l.f. Beauty

In other news, CEO Tarang Amin sold 23,528 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the completion of the sale, the chief executive officer now directly owns 106,016 shares of the company’s stock, valued at $14,465,883.20. This trade represents a 18.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 3.50% of the company’s stock.

e.l.f. Beauty Price Performance

Shares of NYSE:ELF opened at $127.20 on Thursday. 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 has a market cap of $7.17 billion, a PE ratio of 68.76, a price-to-earnings-growth ratio of 2.85 and a beta of 1.44. The stock’s fifty day simple moving average is $113.07 and its two-hundred day simple moving average is $151.94. e.l.f. Beauty, Inc. has a 1-year low of $98.50 and a 1-year high of $221.83.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.34. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The company had revenue of $301.10 million for the quarter, compared to analyst estimates of $289.43 million. During the same period last year, the firm earned $0.66 earnings per share. The firm’s revenue was up 39.7% on a year-over-year basis. As a group, analysts forecast that e.l.f. Beauty, Inc. will post 2.8 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. TD Cowen cut their target price on shares of e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, September 12th. Piper Sandler restated an “overweight” rating and issued a $165.00 target price (up from $162.00) on shares of e.l.f. Beauty 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 research report on Monday. B. Riley cut their price target on e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Finally, Robert W. Baird decreased their price objective on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a report on Monday, October 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and an average price target of $173.53.

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.