B. Metzler seel. Sohn & Co. Holding AG Invests $3.05 Million in e.l.f. Beauty, Inc. (NYSE:ELF)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in e.l.f. Beauty, Inc. (NYSE:ELF) in the third quarter, HoldingsChannel.com reports. The fund acquired 28,000 shares of the company’s stock, valued at approximately $3,053,000.

Other institutional investors also recently added to or reduced their stakes in the company. Baillie Gifford & Co. acquired a new stake in shares of e.l.f. Beauty in the 2nd quarter valued at approximately $801,693,000. Swedbank AB purchased a new position in e.l.f. Beauty in the third quarter worth $76,321,000. Clearbridge Investments LLC lifted its holdings in e.l.f. Beauty by 84.4% in the second quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock valued at $265,432,000 after acquiring an additional 576,383 shares during the period. Thrivent Financial for Lutherans lifted its holdings in e.l.f. Beauty by 223.2% in the third quarter. Thrivent Financial for Lutherans now owns 555,287 shares of the company’s stock valued at $60,543,000 after acquiring an additional 383,478 shares during the period. Finally, 1832 Asset Management L.P. purchased a new stake in shares of e.l.f. Beauty during the 1st quarter worth $61,299,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on ELF shares. Piper Sandler restated an “overweight” rating and set a $165.00 target price (up from $162.00) on shares of e.l.f. Beauty in a research report on Thursday, November 7th. DA Davidson lowered their price target on 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. Stifel Nicolaus reduced their price objective 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. Morgan Stanley cut their price target on e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating for the company in a research note on Monday, September 30th. Finally, Robert W. Baird lowered their price objective on shares of e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, e.l.f. Beauty currently has an average rating of “Moderate Buy” and a consensus target price of $173.53.

e.l.f. Beauty Stock Performance

NYSE:ELF opened at $119.05 on Thursday. e.l.f. Beauty, Inc. has a 1-year low of $98.50 and a 1-year high of $221.83. The firm has a 50 day simple moving average of $111.79 and a 200-day simple moving average of $153.53. The firm has a market cap of $6.71 billion, a PE ratio of 64.35, a P/E/G ratio of 2.66 and a beta of 1.44. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01.

e.l.f. Beauty (NYSE:ELF) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.34. The company had revenue of $301.10 million for the quarter, compared to analyst estimates of $289.43 million. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The business’s revenue for the quarter was up 39.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.66 EPS. On average, equities analysts expect that e.l.f. Beauty, Inc. will post 2.8 EPS for the current year.

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

In related news, CEO Tarang Amin sold 23,528 shares of e.l.f. Beauty stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $136.45, for a total value of $3,210,395.60. Following the transaction, the chief executive officer now owns 106,016 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. 3.50% of the stock is owned by company insiders.

e.l.f. Beauty Company 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.