e.l.f. Beauty, Inc. (NYSE:ELF) Shares Bought by Liberty One Investment Management LLC

Liberty One Investment Management LLC grew its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 26.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,862 shares of the company’s stock after acquiring an additional 1,217 shares during the period. Liberty One Investment Management LLC’s holdings in e.l.f. Beauty were worth $736,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Canada Pension Plan Investment Board acquired a new position in e.l.f. Beauty during the 2nd quarter worth $6,659,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of e.l.f. Beauty by 1,380.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,284 shares of the company’s stock valued at $1,775,000 after buying an additional 15,184 shares during the period. Cetera Investment Advisers grew 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 worth $8,285,000 after buying an additional 9,939 shares in the last quarter. Clearbridge Investments LLC increased its stake in shares of e.l.f. Beauty by 84.4% during the second quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock worth $265,432,000 after buying an additional 576,383 shares during the period. Finally, Congress Asset Management Co. raised its holdings in e.l.f. Beauty by 14.2% in 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 in the last quarter. Hedge funds and other institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Down 5.0 %

Shares of NYSE:ELF opened at $127.17 on Friday. e.l.f. Beauty, Inc. has a 1-year low of $98.50 and a 1-year high of $221.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. The stock has a market cap of $7.16 billion, a P/E ratio of 68.74, a P/E/G ratio of 2.17 and a beta of 1.50. The firm has a fifty day moving average price of $129.27 and a 200 day moving average price of $136.94.

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

Analyst Ratings Changes

Several research firms have commented on ELF. DA Davidson reiterated a “buy” rating and set a $170.00 price target on shares of e.l.f. Beauty in a report on Thursday, December 19th. Robert W. Baird lowered their target price on shares of e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft started coverage on e.l.f. Beauty in a research note on Thursday, December 12th. They issued a “hold” rating and a $133.00 price target on the stock. Canaccord Genuity Group lowered their price objective on e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Finally, Jefferies Financial Group cut their target price on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $169.06.

Insiders Place Their Bets

In other news, 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 value of $122,464.00. Following the sale, the chief executive officer now owns 99,699 shares of the company’s stock, valued at $13,718,582.40. The trade was a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Scott Milsten sold 530 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $72,928.00. Following the transaction, the insider now directly owns 68,853 shares of the company’s stock, valued at $9,474,172.80. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,205 shares of company stock valued at $297,442. 3.50% of the stock is owned by company insiders.

About e.l.f. Beauty

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.