AQR Capital Management LLC Invests $325,000 in e.l.f. Beauty Inc (NYSE:ELF)

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AQR Capital Management LLC acquired a new position in e.l.f. Beauty Inc (NYSE:ELF) in the 2nd quarter, HoldingsChannel reports. The firm acquired 23,038 shares of the company’s stock, valued at approximately $325,000.

Several other institutional investors also recently modified their holdings of the company. Aperio Group LLC purchased a new stake in shares of e.l.f. Beauty during the second quarter valued at approximately $28,000. Quantamental Technologies LLC increased its position in shares of e.l.f. Beauty by 127.0% during the second quarter. Quantamental Technologies LLC now owns 7,694 shares of the company’s stock valued at $108,000 after acquiring an additional 4,305 shares during the last quarter. Prudential Financial Inc. purchased a new stake in shares of e.l.f. Beauty during the second quarter valued at approximately $177,000. Paloma Partners Management Co purchased a new stake in shares of e.l.f. Beauty during the second quarter valued at approximately $201,000. Finally, Diversified Trust Co increased its position in shares of e.l.f. Beauty by 17.8% during the second quarter. Diversified Trust Co now owns 15,850 shares of the company’s stock valued at $223,000 after acquiring an additional 2,400 shares during the last quarter. 84.27% of the stock is owned by hedge funds and other institutional investors.

In other news, CFO Elena Gomez sold 4,500 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $77.53, for a total value of $348,885.00. Also, CEO Tarang Amin sold 6,723 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $16.01, for a total value of $107,635.23. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,429,470 shares of company stock valued at $57,800,234. 17.10% of the stock is owned by corporate insiders.

Shares of NYSE ELF opened at $17.14 on Friday. The stock has a fifty day simple moving average of $17.21 and a two-hundred day simple moving average of $14.42. e.l.f. Beauty Inc has a 1-year low of $6.70 and a 1-year high of $19.08. The firm has a market cap of $877.17 million, a price-to-earnings ratio of 38.95, a price-to-earnings-growth ratio of 21.32 and a beta of 2.37. The company has a current ratio of 3.07, a quick ratio of 1.96 and a debt-to-equity ratio of 0.67.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.07. e.l.f. Beauty had a positive return on equity of 9.11% and a negative net margin of 0.23%. The business had revenue of $59.80 million during the quarter, compared to analyst estimates of $54.93 million. During the same period in the prior year, the company earned $0.13 earnings per share. e.l.f. Beauty’s revenue was up 1.2% compared to the same quarter last year. Analysts forecast that e.l.f. Beauty Inc will post 0.22 EPS for the current year.

ELF has been the subject of a number of research analyst reports. TheStreet raised e.l.f. Beauty from a “d+” rating to a “c-” rating in a research report on Friday, July 5th. Oppenheimer reaffirmed a “hold” rating on shares of e.l.f. Beauty in a research report on Friday, September 6th. Piper Jaffray Companies increased their price target on e.l.f. Beauty from $16.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, September 23rd. SunTrust Banks increased their price target on e.l.f. Beauty to $20.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Finally, Morgan Stanley increased their price target on e.l.f. Beauty from $17.50 to $19.00 and gave the company an “equal weight” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $16.43.

e.l.f. Beauty Company 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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