William Blair Investment Management LLC Has $318.65 Million Stock Position in e.l.f. Beauty, Inc. (NYSE:ELF)

William Blair Investment Management LLC lifted its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 12.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,512,180 shares of the company’s stock after purchasing an additional 168,267 shares during the quarter. e.l.f. Beauty accounts for 0.8% of William Blair Investment Management LLC’s portfolio, making the stock its 19th largest position. William Blair Investment Management LLC owned about 2.70% of e.l.f. Beauty worth $318,647,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in e.l.f. Beauty by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 6,050,649 shares of the company’s stock valued at $873,351,000 after purchasing an additional 79,701 shares in the last quarter. Baillie Gifford & Co. bought a new stake in shares of e.l.f. Beauty in the 2nd quarter valued at approximately $801,693,000. Wellington Management Group LLP raised its position in e.l.f. Beauty by 5.2% during the fourth quarter. Wellington Management Group LLP now owns 2,540,832 shares of the company’s stock valued at $366,744,000 after acquiring an additional 126,231 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of e.l.f. Beauty by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 952,863 shares of the company’s stock worth $137,538,000 after purchasing an additional 7,999 shares during the last quarter. Finally, Clearbridge Investments LLC acquired a new stake in shares of e.l.f. Beauty in the 1st quarter valued at $133,940,000. 92.44% of the stock is currently owned by institutional investors and hedge funds.

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

In other news, SVP Joshua Allen Franks sold 3,370 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $201.28, for a total transaction of $678,313.60. Following the completion of the transaction, the senior vice president now directly owns 71,986 shares in the company, valued at approximately $14,489,342.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other e.l.f. Beauty news, SVP Joshua Allen Franks sold 3,370 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $201.28, for a total value of $678,313.60. Following the completion of the transaction, the senior vice president now directly owns 71,986 shares of the company’s stock, valued at $14,489,342.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Tarang Amin sold 548 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $175.00, for a total value of $95,900.00. Following the sale, the chief executive officer now directly owns 214,507 shares of the company’s stock, valued at $37,538,725. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,304 shares of company stock valued at $3,864,492. 5.20% of the stock is currently owned by company insiders.

e.l.f. Beauty Price Performance

Shares of ELF stock opened at $116.62 on Friday. e.l.f. Beauty, Inc. has a 52 week low of $88.47 and a 52 week high of $221.83. The stock has a market capitalization of $6.58 billion, a PE ratio of 52.53, a PEG ratio of 2.37 and a beta of 1.44. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.10 and a current ratio of 1.77. The stock’s fifty day moving average is $162.94 and its 200-day moving average is $177.87.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.20. The firm had revenue of $324.48 million for the quarter, compared to the consensus estimate of $303.60 million. e.l.f. Beauty had a return on equity of 23.30% and a net margin of 10.80%. Equities research analysts expect that e.l.f. Beauty, Inc. will post 2.88 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Baird R W upgraded e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 18th. Truist Financial upped their target price on e.l.f. Beauty from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Raymond James reissued a “strong-buy” rating and issued a $235.00 price target on shares of e.l.f. Beauty in a research report on Monday, July 22nd. B. Riley started coverage on shares of e.l.f. Beauty in a research note on Tuesday. They issued a “buy” rating and a $175.00 target price on the stock. Finally, Robert W. Baird upped their price target on shares of e.l.f. Beauty from $230.00 to $240.00 and gave the company an “outperform” rating in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and a consensus price target of $205.33.

e.l.f. Beauty Company 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.