e.l.f. Beauty, Inc. (NYSE:ELF) Stock Holdings Decreased by Intact Investment Management Inc.

Intact Investment Management Inc. lessened its position in e.l.f. Beauty, Inc. (NYSE:ELF) by 11.2% in the 3rd quarter, Holdings Channel reports. The fund owned 2,300 shares of the company’s stock after selling 290 shares during the period. Intact Investment Management Inc.’s holdings in e.l.f. Beauty were worth $251,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board purchased a new position in e.l.f. Beauty during the 2nd quarter valued at about $6,659,000. Cetera Investment Advisers grew its position in e.l.f. Beauty by 33.8% during the second quarter. Cetera Investment Advisers now owns 39,319 shares of the company’s stock valued at $8,285,000 after purchasing an additional 9,939 shares in 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 valued at $265,432,000 after buying an additional 576,383 shares during the period. Swiss National Bank lifted its position in e.l.f. Beauty by 0.5% in the 1st quarter. Swiss National Bank now owns 108,900 shares of the company’s stock worth $21,348,000 after buying an additional 500 shares in the last quarter. Finally, Congress Asset Management Co. boosted its stake in shares of 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 valued at $54,905,000 after buying an additional 62,480 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

Analyst Ratings Changes

ELF has been the topic of a number of research reports. B. Riley initiated coverage on shares of e.l.f. Beauty in a research note on Tuesday, September 10th. They issued a “buy” rating and a $175.00 price target on the stock. Raymond James reaffirmed a “strong-buy” rating and set a $235.00 price target on shares of e.l.f. Beauty in a research note on Monday, July 22nd. UBS Group lowered their price target on e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, August 9th. JPMorgan Chase & Co. cut their price objective on shares of e.l.f. Beauty from $207.00 to $167.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. Finally, TD Cowen decreased their target price on shares of e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $183.80.

e.l.f. Beauty Stock Up 3.2 %

ELF stock opened at $107.18 on Wednesday. The stock has a market capitalization of $6.04 billion, a price-to-earnings ratio of 51.04, a price-to-earnings-growth ratio of 2.15 and a beta of 1.44. The company has a 50-day moving average of $114.72 and a two-hundred day moving average of $156.82. e.l.f. Beauty, Inc. has a 52-week low of $92.16 and a 52-week high of $221.83. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.77 and a quick ratio of 1.10.

e.l.f. Beauty (NYSE:ELF) last announced its earnings results on Thursday, August 8th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.20. The firm had revenue of $324.48 million during the quarter, compared to the consensus estimate of $303.60 million. e.l.f. Beauty had a return on equity of 23.30% and a net margin of 10.80%. As a group, equities research analysts anticipate that e.l.f. Beauty, Inc. will post 2.88 EPS for the current year.

Insider Transactions at e.l.f. Beauty

In related 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 transaction of $3,210,395.60. Following the completion of the transaction, the chief executive officer now directly owns 106,016 shares in the company, valued at $14,465,883.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.50% of the stock is currently owned by corporate insiders.

About e.l.f. Beauty

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.