Blueshift Asset Management LLC Purchases Shares of 4,711 e.l.f. Beauty, Inc. (NYSE:ELF)

Blueshift Asset Management LLC acquired a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) in the 3rd quarter, HoldingsChannel reports. The firm acquired 4,711 shares of the company’s stock, valued at approximately $514,000.

Other institutional investors also recently modified their holdings of the company. Canada Pension Plan Investment Board acquired a new stake in e.l.f. Beauty during the 2nd quarter valued at $6,659,000. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of e.l.f. Beauty by 1,380.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,284 shares of the company’s stock valued at $1,775,000 after buying an additional 15,184 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of e.l.f. Beauty by 33.8% in the second quarter. Cetera Investment Advisers now owns 39,319 shares of the company’s stock valued at $8,285,000 after buying an additional 9,939 shares during the last quarter. Clearbridge Investments LLC lifted its position in e.l.f. Beauty by 84.4% during the 2nd quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock worth $265,432,000 after buying an additional 576,383 shares in the last quarter. Finally, Congress Asset Management Co. grew its holdings in e.l.f. Beauty by 14.2% during the 3rd quarter. Congress Asset Management Co. now owns 503,577 shares of the company’s stock worth $54,905,000 after acquiring an additional 62,480 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ELF shares. Robert W. Baird reduced 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 research report on Monday, October 21st. JPMorgan Chase & Co. reduced their price objective on 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. DA Davidson reissued a “buy” rating and issued a $170.00 target price on shares of e.l.f. Beauty in a research note on Monday. B. Riley cut their price target 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. Finally, TD Cowen dropped their price objective on e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, e.l.f. Beauty currently has an average rating of “Moderate Buy” and an average target price of $173.53.

e.l.f. Beauty Stock Up 2.3 %

Shares of NYSE:ELF opened at $127.20 on Thursday. The company has a 50 day moving average price of $113.07 and a two-hundred day moving average price of $151.94. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78. The company has a market capitalization of $7.17 billion, a PE ratio of 68.76, a PEG ratio of 2.85 and a beta of 1.44. e.l.f. Beauty, Inc. has a 52 week low of $98.50 and a 52 week high of $221.83.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.34. The business had revenue of $301.10 million during the quarter, compared to analysts’ expectations of $289.43 million. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The firm’s quarterly revenue was up 39.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.66 EPS. Analysts forecast that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current year.

Insider Activity

In related news, CEO Tarang Amin sold 23,528 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the sale, the chief executive officer now directly owns 106,016 shares in the company, valued at $14,465,883.20. This trade represents a 18.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.50% of the stock is currently owned by company insiders.

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.