BNP PARIBAS ASSET MANAGEMENT Holding S.A. Buys 184,281 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 78.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 419,948 shares of the company’s stock after purchasing an additional 184,281 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.74% of e.l.f. Beauty worth $88,491,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP lifted its holdings in e.l.f. Beauty by 5.2% in the fourth quarter. Wellington Management Group LLP now owns 2,540,832 shares of the company’s stock worth $366,744,000 after buying an additional 126,231 shares during the period. Swiss National Bank lifted its stake in shares of e.l.f. Beauty by 0.5% in the 1st quarter. Swiss National Bank now owns 108,900 shares of the company’s stock valued at $21,348,000 after purchasing an additional 500 shares during the period. Private Advisor Group LLC bought a new stake in shares of e.l.f. Beauty during the first quarter valued at approximately $417,000. WD Rutherford LLC grew its stake in e.l.f. Beauty by 17.5% in the second quarter. WD Rutherford LLC now owns 15,916 shares of the company’s stock worth $3,354,000 after purchasing an additional 2,374 shares during the period. Finally, ProShare Advisors LLC raised its holdings in e.l.f. Beauty by 22.1% in the first quarter. ProShare Advisors LLC now owns 12,411 shares of the company’s stock worth $2,433,000 after purchasing an additional 2,250 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors.

e.l.f. Beauty Stock Performance

NYSE ELF traded down $0.33 during trading hours on Friday, hitting $149.74. The company’s stock had a trading volume of 1,256,306 shares, compared to its average volume of 1,665,414. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.60 and a quick ratio of 0.95. The company has a market cap of $8.38 billion, a P/E ratio of 67.45, a price-to-earnings-growth ratio of 3.66 and a beta of 1.46. The company’s 50 day simple moving average is $179.00 and its two-hundred day simple moving average is $181.44. e.l.f. Beauty, Inc. has a 12 month low of $88.47 and a 12 month high of $221.83.

Analysts Set New Price Targets

ELF has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their target price on shares of e.l.f. Beauty from $224.00 to $207.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Raymond James reissued a “strong-buy” rating and set a $235.00 price objective on shares of e.l.f. Beauty in a research note on Monday, July 22nd. Bank of America raised their target price on shares of e.l.f. Beauty from $220.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Robert W. Baird boosted their price target on e.l.f. Beauty from $230.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Finally, DA Davidson reaffirmed a “buy” rating and set a $223.00 price objective on shares of e.l.f. Beauty in a research report on Thursday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and an average price target of $216.43.

Insider Transactions at e.l.f. Beauty

In related news, insider Jennifer Catherine Hartnett sold 9,808 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $184.96, for a total transaction of $1,814,087.68. Following the transaction, the insider now owns 61,647 shares in the company, valued at $11,402,229.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other e.l.f. Beauty news, CEO Tarang Amin sold 548 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $175.00, for a total transaction of $95,900.00. Following the completion of the sale, the chief executive officer now directly owns 214,507 shares in the company, valued at approximately $37,538,725. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jennifer Catherine Hartnett sold 9,808 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $184.96, for a total transaction of $1,814,087.68. Following the sale, the insider now directly owns 61,647 shares of the company’s stock, valued at approximately $11,402,229.12. The disclosure for this sale can be found here. Insiders sold 97,390 shares of company stock worth $18,264,873 over the last three months. 5.20% of the stock is currently owned by company insiders.

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.