Lisanti Capital Growth LLC Purchases 63,990 Shares of e.l.f. Beauty $ELF

Lisanti Capital Growth LLC acquired a new stake in shares of e.l.f. Beauty (NYSE:ELF) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 63,990 shares of the company’s stock, valued at approximately $6,461,000. e.l.f. Beauty comprises about 1.7% of Lisanti Capital Growth LLC’s portfolio, making the stock its 10th biggest holding. Lisanti Capital Growth LLC owned approximately 0.11% of e.l.f. Beauty at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in ELF. BlackRock Inc. acquired a new stake in shares of e.l.f. Beauty in the 2nd quarter valued at about $428,262,000. State Street Corp lifted its position in shares of e.l.f. Beauty by 4.2% during the second quarter. State Street Corp now owns 1,874,997 shares of the company’s stock worth $138,647,000 after purchasing an additional 75,842 shares during the last quarter. Primecap Management Co. CA acquired a new position in e.l.f. Beauty in the second quarter worth about $78,202,000. Prime Capital Management Co Ltd acquired a new position in e.l.f. Beauty in the second quarter worth about $44,736,000. Finally, Congress Asset Management Co. grew its stake in e.l.f. Beauty by 5.7% in the third quarter. Congress Asset Management Co. now owns 299,742 shares of the company’s stock worth $30,265,000 after purchasing an additional 16,055 shares in the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ELF has been the topic of several research reports. Jefferies Financial Group upped their price target on e.l.f. Beauty from $100.00 to $132.00 and gave the company a “buy” rating in a research report on Monday, October 19th. Deutsche Bank restated a “hold” rating and set a $105.00 price objective on shares of e.l.f. Beauty in a research note on Wednesday, October 21st. UBS Group lifted their price target on shares of e.l.f. Beauty from $116.00 to $129.00 and gave the company a “neutral” rating in a report on Thursday, November 5th. Raymond James Financial reiterated a “strong-buy” rating and set a $132.00 price objective on shares of e.l.f. Beauty in a research note on Thursday, November 5th. Finally, Piper Sandler raised their target price on shares of e.l.f. Beauty from $100.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, November 5th. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, e.l.f. Beauty presently has an average rating of “Moderate Buy” and an average target price of $118.88.

e.l.f. Beauty Stock Up 0.2%

Shares of ELF stock opened at $118.72 on Thursday. e.l.f. Beauty has a 1 year low of $48.82 and a 1 year high of $123.13. The stock has a market cap of $7.02 billion, a PE ratio of 37.03, a price-to-earnings-growth ratio of 2.93 and a beta of 1.61. The business’s fifty day moving average is $107.04 and its 200-day moving average is $82.56. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.89 and a current ratio of 2.57.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, November 4th. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.61. The business had revenue of $520.82 million for the quarter, compared to the consensus estimate of $473.51 million. e.l.f. Beauty had a net margin of 4.47% and a return on equity of 16.40%. The business’s revenue for the quarter was up 51.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 EPS. Equities analysts expect that e.l.f. Beauty will post 2.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Mandy J. Fields sold 16,065 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $104.52, for a total transaction of $1,679,113.80. Following the completion of the sale, the insider directly owned 90,896 shares in the company, valued at approximately $9,500,449.92. This trade represents a 15.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Tarang Amin sold 47,000 shares of e.l.f. Beauty stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $103.31, for a total transaction of $4,855,570.00. Following the sale, the chief executive officer directly owned 134,496 shares of the company’s stock, valued at $13,894,781.76. This trade represents a 25.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 91,821 shares of company stock valued at $9,624,513 in the last 90 days. Insiders own 3.50% of the company’s stock.

e.l.f. Beauty Profile

e.l.f. Beauty, Inc. is a beauty company that develops, markets and sells cosmetics and skin-care products. Its portfolio includes e.l.f. Cosmetics and e.l.f. SKIN, as well as brands such as Naturium, Well People and Keys Soulcare. Products include makeup, skin-care treatments and related beauty items. Founded in 2004, the company sells through its own websites and retail partners, including mass-market and specialty beauty stores. Its products are available in the United States and international markets.