e.l.f. Beauty, Inc. (NYSE:ELF) Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. grew its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 8.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 28,941 shares of the company’s stock after buying an additional 2,167 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in e.l.f. Beauty were worth $3,155,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ELF. Ashton Thomas Private Wealth LLC acquired a new stake in e.l.f. Beauty in the 2nd quarter worth approximately $26,000. Innealta Capital LLC acquired a new stake in shares of e.l.f. Beauty during the second quarter worth $30,000. Whittier Trust Co. of Nevada Inc. grew its holdings 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 increased its position in shares of e.l.f. Beauty by 456.3% in the 2nd quarter. Crewe Advisors LLC now owns 178 shares of the company’s stock valued at $38,000 after acquiring an additional 146 shares during the period. Finally, Planning Capital Management Corp raised its stake 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 worth $43,000 after acquiring an additional 371 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analyst Upgrades and Downgrades

ELF has been the topic of several research analyst reports. Bank of America dropped their price target on e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. Stifel Nicolaus cut their price target on shares of e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating on the stock in a report on Thursday, November 7th. Morgan Stanley dropped their price objective on shares of e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating on the stock in a report on Monday, September 30th. Jefferies Financial Group decreased their target price on shares of e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft began coverage on e.l.f. Beauty in a research note on Thursday. They set a “hold” rating and a $133.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $170.65.

Insiders Place Their Bets

In other e.l.f. Beauty news, Director Maureen C. Watson sold 785 shares of e.l.f. Beauty stock in a transaction 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 sale, the director now owns 1,888 shares of the company’s stock, valued at $245,440. The trade was a 29.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 transaction of $122,464.00. Following the sale, the chief executive officer now directly owns 99,699 shares of the company’s stock, valued at $13,718,582.40. The trade was a 0.88 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 2,205 shares of company stock worth $297,442. Corporate insiders own 3.50% of the company’s stock.

e.l.f. Beauty Price Performance

e.l.f. Beauty stock opened at $140.63 on Friday. The stock has a market capitalization of $7.92 billion, a P/E ratio of 76.02, a P/E/G ratio of 3.03 and a beta of 1.49. The company’s fifty day moving average price is $118.97 and its 200 day moving average price is $148.92. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78. 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 announced its earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating 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 business had revenue of $301.10 million for the quarter, compared to analyst estimates of $289.43 million. During the same quarter last year, the business earned $0.66 earnings per share. The company’s revenue for the quarter was up 39.7% compared to the same quarter last year. As a group, equities research analysts anticipate that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current fiscal 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.