Allworth Financial LP increased its position in shares of e.l.f. Beauty (NYSE:ELF – Free Report) by 1,642.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,638 shares of the company’s stock after acquiring an additional 1,544 shares during the quarter. Allworth Financial LP’s holdings in e.l.f. Beauty were worth $204,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the company. Champlain Investment Partners LLC raised its holdings in e.l.f. Beauty by 19.7% in the first quarter. Champlain Investment Partners LLC now owns 2,665,026 shares of the company’s stock worth $167,337,000 after purchasing an additional 438,575 shares during the period. Prime Capital Management Co Ltd increased its position in shares of e.l.f. Beauty by 167.8% in the 1st quarter. Prime Capital Management Co Ltd now owns 604,535 shares of the company’s stock valued at $37,959,000 after buying an additional 378,826 shares in the last quarter. Mackenzie Financial Corp raised its stake in e.l.f. Beauty by 68.0% during the 1st quarter. Mackenzie Financial Corp now owns 862,671 shares of the company’s stock worth $54,167,000 after buying an additional 349,024 shares during the period. Swedbank AB lifted its holdings in e.l.f. Beauty by 42.6% during the first quarter. Swedbank AB now owns 1,157,760 shares of the company’s stock worth $72,696,000 after acquiring an additional 345,760 shares in the last quarter. Finally, Aberdeen Group plc lifted its holdings in e.l.f. Beauty by 152.3% during the second quarter. Aberdeen Group plc now owns 379,658 shares of the company’s stock worth $47,245,000 after acquiring an additional 229,196 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.
e.l.f. Beauty Price Performance
NYSE:ELF opened at $73.22 on Wednesday. e.l.f. Beauty has a 52-week low of $49.40 and a 52-week high of $150.99. The company has a market cap of $4.37 billion, a P/E ratio of 51.56, a P/E/G ratio of 6.28 and a beta of 1.61. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.76 and a current ratio of 2.70. The stock’s 50-day simple moving average is $122.49 and its 200 day simple moving average is $115.50.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on the company. Cowen restated a “buy” rating on shares of e.l.f. Beauty in a report on Wednesday, November 12th. Deutsche Bank Aktiengesellschaft lowered e.l.f. Beauty from a “buy” rating to a “hold” rating and boosted their price objective for the company from $121.00 to $128.00 in a research report on Tuesday, September 2nd. Canaccord Genuity Group dropped their target price on shares of e.l.f. Beauty from $165.00 to $136.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Jefferies Financial Group reduced their price target on shares of e.l.f. Beauty from $150.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, November 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of e.l.f. Beauty in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.80.
Read Our Latest Research Report on ELF
Insider Activity
In other e.l.f. Beauty news, insider Kory Marchisotto sold 10,812 shares of the stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $150.00, for a total value of $1,621,800.00. Following the completion of the sale, the insider owned 133,976 shares in the company, valued at $20,096,400. This trade represents a 7.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Mandy J. Fields sold 5,298 shares of e.l.f. Beauty stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $150.21, for a total transaction of $795,812.58. Following the completion of the transaction, the insider directly owned 58,856 shares of the company’s stock, valued at approximately $8,840,759.76. This trade represents a 8.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 296,430 shares of company stock valued at $40,444,041. 3.90% of the stock is owned by corporate insiders.
e.l.f. Beauty Profile
e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.
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