Baillie Gifford & Co. Has $578.48 Million Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Baillie Gifford & Co. grew its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 39.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,305,692 shares of the company’s stock after buying an additional 1,501,151 shares during the period. Baillie Gifford & Co. owned approximately 0.09% of e.l.f. Beauty worth $578,480,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ELF. William Blair Investment Management LLC increased its stake in shares of e.l.f. Beauty by 12.5% in the second quarter. William Blair Investment Management LLC now owns 1,512,180 shares of the company’s stock worth $318,647,000 after purchasing an additional 168,267 shares during the period. Clearbridge Investments LLC increased its stake in shares of 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 worth $265,432,000 after purchasing an additional 576,383 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of e.l.f. Beauty by 55.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 730,377 shares of the company’s stock worth $79,633,000 after purchasing an additional 261,707 shares during the period. Swedbank AB bought a new position in shares of e.l.f. Beauty in the third quarter worth about $76,321,000. Finally, Congress Asset Management Co. increased its stake in shares of e.l.f. Beauty by 14.2% in the third quarter. Congress Asset Management Co. now owns 503,577 shares of the company’s stock worth $54,905,000 after purchasing an additional 62,480 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ELF shares. DA Davidson dropped their price objective on e.l.f. Beauty from $223.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. TD Cowen lowered their price target on e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, September 12th. Jefferies Financial Group lowered their price target on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Truist Financial lowered their price target on e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Finally, UBS Group lowered their price target on e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $173.53.

e.l.f. Beauty Trading Up 11.6 %

ELF stock opened at $134.20 on Tuesday. e.l.f. Beauty, Inc. has a 1-year low of $93.55 and a 1-year high of $221.83. The firm has a market cap of $7.57 billion, a P/E ratio of 72.54, a P/E/G ratio of 2.50 and a beta of 1.44. The business’s 50 day moving average is $112.47 and its 200-day moving average is $155.59. The company has a current ratio of 1.78, a quick ratio of 1.10 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 EPS for the quarter, topping the consensus estimate of $0.43 by $0.34. The business had revenue of $301.10 million for the quarter, compared to the consensus estimate of $289.43 million. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. e.l.f. Beauty’s revenue was up 39.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.66 EPS. Equities analysts anticipate that e.l.f. Beauty, Inc. will post 2.88 earnings per share for the current fiscal year.

Insider Transactions at e.l.f. Beauty

In other news, CEO Tarang Amin sold 23,528 shares of the business’s stock in a transaction that occurred 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 directly owns 106,016 shares of the company’s stock, valued at $14,465,883.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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.