e.l.f. Beauty, Inc. (NYSE:ELF) Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC lifted its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 7.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,779 shares of the company’s stock after purchasing an additional 2,676 shares during the quarter. Janus Henderson Group PLC owned 0.07% of e.l.f. Beauty worth $4,009,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Hilltop Holdings Inc. acquired a new stake in e.l.f. Beauty during the third quarter valued at $215,000. Centiva Capital LP acquired a new stake in shares of e.l.f. Beauty during the 3rd quarter valued at about $1,713,000. Concentric Capital Strategies LP purchased a new position in shares of e.l.f. Beauty in the 3rd quarter valued at about $3,110,000. Atom Investors LP acquired a new position in e.l.f. Beauty in the 3rd quarter worth about $697,000. Finally, PDT Partners LLC boosted its position in e.l.f. Beauty by 300.8% during the third quarter. PDT Partners LLC now owns 32,571 shares of the company’s stock worth $3,551,000 after purchasing an additional 24,445 shares in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ELF shares. JPMorgan Chase & Co. cut their price objective on e.l.f. Beauty from $167.00 to $154.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th. B. Riley decreased their price objective on shares of 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. Truist Financial cut their target price on shares of e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. DA Davidson reaffirmed a “buy” rating and issued a $170.00 price target on shares of e.l.f. Beauty in a research note on Monday, November 25th. Finally, Morgan Stanley cut their price objective on e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating for the company in a research note on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $173.53.

Insider Activity

In related news, Director Maureen C. Watson sold 785 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $130.00, for a total value of $102,050.00. Following the completion of the sale, the director now owns 1,888 shares in the company, valued at approximately $245,440. This trade represents a 29.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Tarang Amin sold 890 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $122,464.00. Following the transaction, the chief executive officer now owns 99,699 shares in the company, valued at $13,718,582.40. This trade represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,205 shares of company stock valued at $297,442 in the last quarter. Insiders own 3.50% of the company’s stock.

e.l.f. Beauty Trading Down 2.0 %

Shares of ELF opened at $137.66 on Wednesday. e.l.f. Beauty, Inc. has a 12-month low of $98.50 and a 12-month high of $221.83. The firm has a market capitalization of $7.75 billion, a P/E ratio of 74.38, a P/E/G ratio of 3.06 and a beta of 1.49. The firm has a 50-day moving average price of $116.46 and a 200 day moving average price of $150.17. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, topping 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 business had revenue of $301.10 million during the quarter, compared to the consensus estimate of $289.43 million. During the same quarter last year, the firm earned $0.66 EPS. The business’s revenue was up 39.7% compared to the same quarter last year. Sell-side analysts forecast that e.l.f. Beauty, Inc. will post 2.8 EPS for the current year.

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.