Tran Capital Management L.P. Acquires New Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Tran Capital Management L.P. bought a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 34,197 shares of the company’s stock, valued at approximately $4,293,000. Tran Capital Management L.P. owned 0.06% of e.l.f. Beauty as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of ELF. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of e.l.f. Beauty by 1,380.4% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,284 shares of the company’s stock worth $1,775,000 after purchasing an additional 15,184 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of 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 buying an additional 9,939 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in shares of 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 in the last quarter. Capricorn Fund Managers Ltd purchased a new position in shares of e.l.f. Beauty in the 4th quarter worth approximately $7,118,000. Finally, Congress Asset Management Co. lifted its position in e.l.f. Beauty by 14.2% during the third quarter. Congress Asset Management Co. now owns 503,577 shares of the company’s stock valued at $54,905,000 after acquiring an additional 62,480 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. UBS Group upped their price target on e.l.f. Beauty from $156.00 to $158.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft began coverage on shares of e.l.f. Beauty in a research note on Thursday, December 12th. They set a “hold” rating and a $133.00 price objective for the company. Robert W. Baird lowered their price target on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. Jefferies Financial Group dropped 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. Finally, JPMorgan Chase & Co. raised their price objective on e.l.f. Beauty from $154.00 to $163.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and an average target price of $169.06.

Insider Activity

In other e.l.f. Beauty news, Director Maureen C. Watson sold 785 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $130.00, for a total transaction of $102,050.00. Following the transaction, the director now directly owns 1,888 shares of the company’s stock, valued at $245,440. This trade represents a 29.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Tarang Amin sold 890 shares of e.l.f. Beauty stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $122,464.00. Following the completion of the sale, the chief executive officer now owns 99,699 shares in the company, valued at approximately $13,718,582.40. This trade represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,205 shares of company stock worth $297,442 in the last quarter. Corporate insiders own 3.50% of the company’s stock.

e.l.f. Beauty Stock Down 6.6 %

ELF stock opened at $110.63 on Friday. The firm’s fifty day moving average is $128.46 and its 200 day moving average is $134.49. The firm has a market cap of $6.23 billion, a PE ratio of 59.80, a P/E/G ratio of 2.03 and a beta of 1.50. e.l.f. Beauty, Inc. has a one year low of $98.50 and a one year high of $221.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78.

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

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.