Swedbank AB Purchases 112,000 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Swedbank AB raised its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 16.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 812,000 shares of the company’s stock after acquiring an additional 112,000 shares during the period. Swedbank AB owned about 1.44% of e.l.f. Beauty worth $101,947,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Baillie Gifford & Co. grew its stake in shares of e.l.f. Beauty by 39.5% during the third quarter. Baillie Gifford & Co. now owns 5,305,692 shares of the company’s stock valued at $578,480,000 after buying an additional 1,501,151 shares during the last quarter. State Street Corp grew its position in e.l.f. Beauty by 3.7% during the 3rd quarter. State Street Corp now owns 1,665,203 shares of the company’s stock worth $181,557,000 after acquiring an additional 59,248 shares during the last quarter. Clearbridge Investments LLC increased its stake in e.l.f. Beauty by 84.4% in the 2nd quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock worth $265,432,000 after purchasing an additional 576,383 shares during the period. FMR LLC lifted its position in e.l.f. Beauty by 5.5% in the third quarter. FMR LLC now owns 1,186,766 shares of the company’s stock valued at $129,393,000 after purchasing an additional 61,524 shares during the last quarter. Finally, Champlain Investment Partners LLC bought a new stake in e.l.f. Beauty in the third quarter valued at approximately $121,558,000. 92.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 890 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $122,464.00. Following the completion of the sale, the chief executive officer now owns 99,699 shares of the company’s stock, valued at approximately $13,718,582.40. The trade was a 0.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Scott Milsten sold 530 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $72,928.00. Following the transaction, the insider now directly owns 68,853 shares in the company, valued at $9,474,172.80. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,205 shares of company stock worth $297,442 over the last quarter. 3.50% of the stock is currently owned by insiders.

e.l.f. Beauty Stock Up 0.1 %

ELF stock opened at $106.28 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average of $127.78 and a 200 day moving average of $132.05. e.l.f. Beauty, Inc. has a twelve month low of $98.50 and a twelve month high of $221.83. The firm has a market cap of $5.99 billion, a PE ratio of 57.45, a price-to-earnings-growth ratio of 2.03 and a beta of 1.50.

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

Wall Street Analyst Weigh In

Several brokerages have weighed in on ELF. JPMorgan Chase & Co. increased their price target on shares of e.l.f. Beauty from $154.00 to $163.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Bank of America dropped their target price on shares of e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Morgan Stanley upgraded e.l.f. Beauty from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $139.00 to $153.00 in a report on Monday, January 13th. Stifel Nicolaus lowered their price target on e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating for the company in a research report on Thursday, November 7th. Finally, B. Riley reduced their target price on e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $169.06.

About e.l.f. Beauty

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.