9,400 Shares of e.l.f. Beauty $ELF Bought by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP purchased a new stake in shares of e.l.f. Beauty (NYSE:ELF) in the third quarter, Holdings Channel.com reports. The firm purchased 9,400 shares of the company’s stock, valued at approximately $956,000.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in e.l.f. Beauty during the 2nd quarter worth approximately $428,262,000. State Street Corp boosted its holdings in e.l.f. Beauty by 4.2% during the 2nd quarter. State Street Corp now owns 1,874,997 shares of the company’s stock worth $138,647,000 after acquiring an additional 75,842 shares during the last quarter. Primecap Management Co. CA purchased a new position in e.l.f. Beauty during the 2nd quarter worth $78,202,000. Prime Capital Management Co Ltd purchased a new position in e.l.f. Beauty during the 2nd quarter worth $44,736,000. Finally, Bank of America Corp DE grew its stake in shares of e.l.f. Beauty by 45.9% in the 1st quarter. Bank of America Corp DE now owns 418,431 shares of the company’s stock worth $25,361,000 after acquiring an additional 131,572 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ELF. JPMorgan Chase & Co. increased their target price on shares of e.l.f. Beauty from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Thursday, November 5th. UBS Group raised 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 research report on Thursday, November 5th. Wall Street Zen cut shares of e.l.f. Beauty from a “buy” rating to a “hold” rating in a report on Sunday, November 8th. Citigroup upped their price objective on shares of e.l.f. Beauty from $130.00 to $139.00 and gave the stock a “buy” rating in a research report on Thursday, November 5th. Finally, Sanford C. Bernstein upped their price objective on shares of e.l.f. Beauty from $121.00 to $127.00 and gave the stock an “outperform” rating in a research report on Thursday, September 17th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $118.88.

e.l.f. Beauty Stock Down 4.2%

Shares of NYSE:ELF opened at $113.50 on Friday. The company has a market capitalization of $6.71 billion, a PE ratio of 37.02, a price-to-earnings-growth ratio of 2.76 and a beta of 1.61. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.57 and a quick ratio of 1.89. The business has a fifty day moving average price of $107.15 and a two-hundred day moving average price of $82.69. e.l.f. Beauty has a 1 year low of $48.82 and a 1 year high of $123.13.

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 company had revenue of $520.82 million for the quarter, compared to analysts’ expectations of $473.51 million. e.l.f. Beauty had a return on equity of 16.40% and a net margin of 4.47%. The business’s revenue for the quarter was up 51.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.68 EPS. Analysts forecast that e.l.f. Beauty will post 2.89 earnings per share for the current year.

Insider Transactions at e.l.f. Beauty

In related news, Director Lauren Levitan sold 1,034 shares of e.l.f. Beauty stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $93.15, for a total value of $96,317.10. Following the completion of the sale, the director owned 10,516 shares of the company’s stock, valued at approximately $979,565.40. This trade represents a 8.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Tarang Amin sold 47,000 shares of the business’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $103.31, for a total value of $4,855,570.00. Following the completion of the sale, the chief executive officer owned 134,496 shares in the company, valued at $13,894,781.76. This represents a 25.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 91,821 shares of company stock worth $9,624,513 over the last quarter. 3.50% of the stock is currently owned by corporate insiders.

e.l.f. Beauty Company 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.