Fmr LLC Has $129.39 Million Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Fmr LLC boosted its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 5.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,186,766 shares of the company’s stock after acquiring an additional 61,524 shares during the period. Fmr LLC’s holdings in e.l.f. Beauty were worth $129,393,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Ashton Thomas Private Wealth LLC acquired a new stake in shares of e.l.f. Beauty in the 2nd quarter worth about $26,000. Innealta Capital LLC bought a new position in shares of e.l.f. Beauty in the second quarter valued at approximately $30,000. Whittier Trust Co. of Nevada Inc. boosted its position in shares of e.l.f. Beauty by 405.9% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock valued at $36,000 after buying an additional 138 shares during the last quarter. Crewe Advisors LLC grew its holdings in e.l.f. Beauty by 456.3% during the second quarter. Crewe Advisors LLC now owns 178 shares of the company’s stock worth $38,000 after buying an additional 146 shares in the last quarter. Finally, Planning Capital Management Corp raised its position in e.l.f. Beauty by 1,855.0% in the 3rd quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock valued at $43,000 after buying an additional 371 shares during the last quarter. 92.44% of the stock is owned by institutional investors.

e.l.f. Beauty Price Performance

Shares of NYSE:ELF opened at $127.39 on Wednesday. The firm has a market capitalization of $7.18 billion, a PE ratio of 68.86, a P/E/G ratio of 2.86 and a beta of 1.49. 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 50-day moving average price of $114.35 and a two-hundred day moving average price of $150.91. e.l.f. Beauty, Inc. has a twelve month low of $98.50 and a twelve month high of $221.83.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data 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 net margin of 8.87% and a return on equity of 19.34%. The company had revenue of $301.10 million during the quarter, compared to the consensus estimate of $289.43 million. During the same period last year, the firm earned $0.66 EPS. e.l.f. Beauty’s revenue for the quarter was up 39.7% on a year-over-year basis. Equities analysts forecast that e.l.f. Beauty, Inc. will post 2.8 EPS for the current year.

Insider Activity

In other news, CEO Tarang Amin sold 23,528 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $136.45, for a total value of $3,210,395.60. Following the completion of the transaction, the chief executive officer now directly owns 106,016 shares in the company, valued at approximately $14,465,883.20. This trade represents a 18.16 % 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. Also, Director Maureen C. Watson sold 785 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $130.00, for a total transaction of $102,050.00. Following the transaction, the director now directly owns 1,888 shares of the company’s stock, valued at approximately $245,440. This represents a 29.37 % decrease in their position. The disclosure for this sale can be found here. 3.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

ELF has been the topic of a number of analyst reports. Bank of America cut their price objective on shares of e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. B. Riley decreased 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. Stifel Nicolaus cut their target price on e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating on the stock in a research note on Thursday, November 7th. DA Davidson reaffirmed a “buy” rating and set a $170.00 price target on shares of e.l.f. Beauty in a research report on Monday, November 25th. Finally, Canaccord Genuity Group dropped their price target on e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $173.53.

e.l.f. Beauty 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.