e.l.f. Beauty, Inc. (NYSE:ELF) Stake Boosted by Geode Capital Management LLC

Geode Capital Management LLC increased its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 2.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 955,064 shares of the company’s stock after acquiring an additional 24,778 shares during the period. Geode Capital Management LLC’s holdings in e.l.f. Beauty were worth $104,158,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC purchased a new stake in shares of e.l.f. Beauty during the 2nd quarter worth about $26,000. Innealta Capital LLC acquired a new position in e.l.f. Beauty in the second quarter worth approximately $30,000. Whittier Trust Co. of Nevada Inc. increased its holdings in e.l.f. Beauty by 405.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock worth $36,000 after buying an additional 138 shares during the last quarter. Crewe Advisors LLC raised its position in e.l.f. Beauty by 456.3% during the second quarter. Crewe Advisors LLC now owns 178 shares of the company’s stock valued at $38,000 after acquiring an additional 146 shares in the last quarter. Finally, Summit Securities Group LLC acquired a new stake in e.l.f. Beauty in the second quarter valued at approximately $80,000. Institutional investors and hedge funds own 92.44% of the company’s stock.

e.l.f. Beauty Trading Down 5.7 %

Shares of ELF opened at $127.20 on Thursday. The stock has a 50 day simple moving average of $120.80 and a 200-day simple moving average of $147.87. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. The stock has a market cap of $7.17 billion, a PE ratio of 68.76, a PEG ratio of 3.03 and a beta of 1.49. 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 issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.34. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The company had revenue of $301.10 million during the quarter, compared to analysts’ expectations of $289.43 million. During the same period last year, the business earned $0.66 earnings per share. The business’s revenue was up 39.7% on a year-over-year basis. On average, sell-side analysts predict that e.l.f. Beauty, Inc. will post 2.8 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ELF has been the subject of a number of recent research reports. Truist Financial upped their price objective on shares of e.l.f. Beauty from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday. Stifel Nicolaus reduced their target price on e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating for the company in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft began coverage on shares of e.l.f. Beauty in a research report on Thursday, December 12th. They issued a “hold” rating and a $133.00 price target on the stock. Canaccord Genuity Group decreased their price objective on shares of e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Finally, Morgan Stanley dropped their target price 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $171.82.

Insider Activity at e.l.f. Beauty

In other news, insider Scott Milsten sold 530 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $72,928.00. Following the sale, the insider now owns 68,853 shares in the company, valued at approximately $9,474,172.80. This represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Maureen C. Watson sold 785 shares of e.l.f. Beauty stock in a transaction dated 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 transaction, the director now directly owns 1,888 shares of the company’s stock, valued at $245,440. This represents a 29.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,205 shares of company stock valued at $297,442 in the last ninety days. Insiders own 3.50% of the company’s stock.

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.