Wellington Management Group LLP Acquires New Shares in e.l.f. Beauty Inc (NYSE:ELF)

Wellington Management Group LLP acquired a new stake in e.l.f. Beauty Inc (NYSE:ELF) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 20,472 shares of the company’s stock, valued at approximately $201,000.

Other large investors have also added to or reduced their stakes in the company. Champlain Investment Partners LLC boosted its stake in shares of e.l.f. Beauty by 10.3% during the fourth quarter. Champlain Investment Partners LLC now owns 3,644,615 shares of the company’s stock valued at $58,788,000 after purchasing an additional 341,285 shares in the last quarter. Cramer Rosenthal Mcglynn LLC boosted its stake in shares of e.l.f. Beauty by 21.8% during the fourth quarter. Cramer Rosenthal Mcglynn LLC now owns 1,941,521 shares of the company’s stock valued at $31,317,000 after purchasing an additional 346,895 shares in the last quarter. BlackRock Inc. boosted its stake in shares of e.l.f. Beauty by 1.1% during the first quarter. BlackRock Inc. now owns 1,930,143 shares of the company’s stock valued at $18,993,000 after purchasing an additional 21,386 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of e.l.f. Beauty by 6,397.9% during the first quarter. Victory Capital Management Inc. now owns 1,796,549 shares of the company’s stock valued at $17,678,000 after purchasing an additional 1,768,901 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in shares of e.l.f. Beauty by 83.1% during the fourth quarter. Nuveen Asset Management LLC now owns 1,315,355 shares of the company’s stock valued at $21,217,000 after purchasing an additional 596,810 shares in the last quarter. 85.49% of the stock is currently owned by institutional investors and hedge funds.

Shares of ELF stock opened at $18.74 on Wednesday. The company has a market cap of $894.16 million, a P/E ratio of 53.54 and a beta of 2.33. The stock has a 50 day simple moving average of $16.58 and a two-hundred day simple moving average of $14.76. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.69 and a current ratio of 2.59. e.l.f. Beauty Inc has a fifty-two week low of $7.58 and a fifty-two week high of $20.00.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Thursday, May 21st. The company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.05. The business had revenue of $74.71 million during the quarter, compared to the consensus estimate of $64.11 million. e.l.f. Beauty had a return on equity of 8.43% and a net margin of 6.32%. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.06 earnings per share. On average, research analysts predict that e.l.f. Beauty Inc will post 0.25 earnings per share for the current year.

In other e.l.f. Beauty news, insider Mandy J. Fields sold 10,653 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $18.50, for a total value of $197,080.50. Following the transaction, the insider now directly owns 173,233 shares of the company’s stock, valued at $3,204,810.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kory Marchisotto sold 7,194 shares of the firm’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $18.03, for a total transaction of $129,707.82. Following the completion of the transaction, the insider now directly owns 156,474 shares in the company, valued at $2,821,226.22. The disclosure for this sale can be found here. Insiders have sold a total of 273,896 shares of company stock valued at $4,662,332 in the last 90 days. 17.10% of the stock is currently owned by company insiders.

ELF has been the topic of a number of recent research reports. ValuEngine raised e.l.f. Beauty from a “sell” rating to a “hold” rating in a research note on Thursday, April 2nd. Morgan Stanley lifted their price objective on e.l.f. Beauty from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Oppenheimer reaffirmed a “hold” rating on shares of e.l.f. Beauty in a research note on Thursday, May 21st. SunTrust Banks lifted their price objective on e.l.f. Beauty from $15.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Finally, Zacks Investment Research lowered e.l.f. Beauty from a “buy” rating to a “hold” rating in a research note on Friday, April 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.15.

e.l.f. Beauty Profile

e.l.f. Beauty, Inc, a beauty company, provides cosmetic and skin care products under the e.l.f. brand name worldwide. The company offers eye, lip, face, and skin care products, as well as kits and tools. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce and e.l.f.

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Institutional Ownership by Quarter for e.l.f. Beauty (NYSE:ELF)

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