e.l.f. Beauty, Inc. (NYSE:ELF) Shares Sold by MetLife Investment Management LLC

MetLife Investment Management LLC lowered its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 0.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,544 shares of the company’s stock after selling 93 shares during the period. MetLife Investment Management LLC owned about 0.06% of e.l.f. Beauty worth $3,439,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Baillie Gifford & Co. acquired a new stake in shares of e.l.f. Beauty during the 2nd quarter valued at approximately $801,693,000. Champlain Investment Partners LLC acquired a new stake in shares of e.l.f. Beauty during the 3rd quarter valued at approximately $121,558,000. Swedbank AB acquired a new stake in shares of e.l.f. Beauty during the 3rd quarter valued at approximately $76,321,000. Clearbridge Investments LLC raised its stake in shares of e.l.f. Beauty by 84.4% during the 2nd 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 last quarter. Finally, Thrivent Financial for Lutherans boosted its position in shares of e.l.f. Beauty by 223.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 555,287 shares of the company’s stock worth $60,543,000 after buying an additional 383,478 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

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

In related news, Director Maureen C. Watson sold 785 shares of e.l.f. Beauty stock in a transaction on Friday, November 29th. The shares were sold at an average price of $130.00, for a total transaction of $102,050.00. Following the transaction, the director now owns 1,888 shares in the company, valued at approximately $245,440. The trade was a 29.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Tarang Amin sold 23,528 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $136.45, for a total value of $3,210,395.60. Following the completion of the sale, the chief executive officer now owns 106,016 shares of the company’s stock, valued at approximately $14,465,883.20. This represents a 18.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.50% of the stock is owned by company insiders.

e.l.f. Beauty Trading Down 2.5 %

Shares of ELF stock opened at $127.39 on Wednesday. e.l.f. Beauty, Inc. has a 1-year low of $98.50 and a 1-year high of $221.83. The firm’s 50-day simple moving average is $114.35 and its 200-day simple moving average is $150.91. The firm has a market cap of $7.18 billion, a P/E ratio of 68.86, a PEG ratio of 2.86 and a beta of 1.49. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.34. The company had revenue of $301.10 million for 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%. e.l.f. Beauty’s revenue was up 39.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.66 earnings per share. As a group, equities analysts forecast that e.l.f. Beauty, Inc. will post 2.8 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ELF. B. Riley cut their target price on shares of e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Canaccord Genuity Group cut 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. Bank of America lowered their target price on e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Robert W. Baird cut their price target 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. Finally, Morgan Stanley decreased their price objective on e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating on the stock in a research note on Monday, September 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, e.l.f. Beauty presently has an average rating of “Moderate Buy” and an average target price of $173.53.

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.