Thrivent Financial for Lutherans Grows Stake in e.l.f. Beauty, Inc. (NYSE:ELF)

Thrivent Financial for Lutherans lifted its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 223.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 555,287 shares of the company’s stock after purchasing an additional 383,478 shares during the period. Thrivent Financial for Lutherans’ holdings in e.l.f. Beauty were worth $60,543,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC acquired a new position in e.l.f. Beauty during the second quarter worth about $26,000. Matrix Trust Co acquired a new position in e.l.f. Beauty during the second quarter worth about $27,000. Innealta Capital LLC acquired a new position in e.l.f. Beauty during the second quarter worth about $30,000. Whittier Trust Co. of Nevada Inc. boosted its position in 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 worth $36,000 after acquiring an additional 138 shares during the last quarter. Finally, Crewe Advisors LLC boosted 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 worth $38,000 after acquiring an additional 146 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at e.l.f. Beauty

In other news, CEO Tarang Amin sold 23,528 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $136.45, for a total value of $3,210,395.60. Following the completion of the transaction, the chief executive officer now owns 106,016 shares in the company, valued at approximately $14,465,883.20. This represents a 18.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 3.50% of the company’s stock.

e.l.f. Beauty Price Performance

Shares of ELF opened at $122.85 on Tuesday. e.l.f. Beauty, Inc. has a fifty-two week low of $98.50 and a fifty-two week high of $221.83. The firm’s 50 day moving average price is $111.39 and its 200 day moving average price is $154.07. The company has a market cap of $6.92 billion, a P/E ratio of 65.58, a PEG ratio of 2.66 and a beta of 1.44. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22.

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

Wall Street Analyst Weigh In

Several research firms have weighed in on ELF. JPMorgan Chase & Co. decreased their target price on shares of e.l.f. Beauty from $167.00 to $154.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. TD Cowen decreased their target price on shares of e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. Robert W. Baird decreased their target price on shares of e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating on the stock in a report on Monday, October 21st. Stifel Nicolaus decreased their target price 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. Finally, DA Davidson decreased their target price on shares of e.l.f. Beauty from $223.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $173.53.

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.