Sunbelt Securities Inc. Buys 221 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Sunbelt Securities Inc. lifted its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 26.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,058 shares of the company’s stock after purchasing an additional 221 shares during the quarter. Sunbelt Securities Inc.’s holdings in e.l.f. Beauty were worth $115,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Baillie Gifford & Co. raised its stake in e.l.f. Beauty by 39.5% during the 3rd quarter. Baillie Gifford & Co. now owns 5,305,692 shares of the company’s stock worth $578,480,000 after buying an additional 1,501,151 shares during the period. State Street Corp raised its position in shares of e.l.f. Beauty by 3.7% during the third quarter. State Street Corp now owns 1,665,203 shares of the company’s stock worth $181,557,000 after purchasing an additional 59,248 shares during the period. William Blair Investment Management LLC raised its position in shares of e.l.f. Beauty by 12.5% during the second quarter. William Blair Investment Management LLC now owns 1,512,180 shares of the company’s stock worth $318,647,000 after purchasing an additional 168,267 shares during the period. Clearbridge Investments LLC lifted 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 worth $265,432,000 after purchasing an additional 576,383 shares in the last quarter. Finally, FMR LLC grew its position in e.l.f. Beauty by 5.5% in the 3rd quarter. FMR LLC now owns 1,186,766 shares of the company’s stock valued at $129,393,000 after purchasing an additional 61,524 shares during the period. 92.44% of the stock is currently owned by institutional investors and hedge funds.

e.l.f. Beauty Trading Up 6.9 %

Shares of ELF opened at $140.63 on Friday. e.l.f. Beauty, Inc. has a fifty-two week low of $98.50 and a fifty-two week high of $221.83. The business has a 50-day moving average of $118.97 and a 200 day moving average of $148.92. The firm has a market cap of $7.92 billion, a P/E ratio of 76.02, a price-to-earnings-growth ratio of 3.03 and a beta of 1.49. 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 posted 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 firm 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 company’s revenue was up 39.7% on a year-over-year basis. During the same quarter last year, the company earned $0.66 earnings per share. As a group, research analysts forecast that e.l.f. Beauty, Inc. will post 2.8 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. DA Davidson restated a “buy” rating and set a $170.00 price objective on shares of e.l.f. Beauty in a report on Wednesday. Jefferies Financial Group dropped their price target on shares of 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. Robert W. Baird decreased their price objective on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a report on Monday, October 21st. Morgan Stanley lowered their price objective on e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating for the company in a research note on Monday, September 30th. Finally, Deutsche Bank Aktiengesellschaft began coverage on e.l.f. Beauty in a research report on Thursday. They set a “hold” rating and a $133.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $170.65.

Insider Buying and Selling at e.l.f. Beauty

In other news, Director Maureen C. Watson sold 785 shares of e.l.f. Beauty stock in a transaction on Friday, November 29th. The stock was sold at an average price of $130.00, for a total value of $102,050.00. Following the completion of the transaction, the director now directly owns 1,888 shares in the company, valued at approximately $245,440. The trade was a 29.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $72,928.00. Following the sale, the insider now directly owns 68,853 shares in the company, valued at $9,474,172.80. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,205 shares of company stock valued at $297,442 in the last 90 days. 3.50% of the stock is currently owned by company insiders.

e.l.f. Beauty Profile

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.