Swedbank AB Raises Stock Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Swedbank AB grew its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 16.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 812,000 shares of the company’s stock after buying an additional 112,000 shares during the period. Swedbank AB’s holdings in e.l.f. Beauty were worth $101,947,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in ELF. Wilmington Savings Fund Society FSB bought a new stake in e.l.f. Beauty during the third quarter valued at about $25,000. Planning Capital Management Corp boosted its stake in e.l.f. Beauty by 1,855.0% in the 3rd quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock worth $43,000 after purchasing an additional 371 shares during the period. nVerses Capital LLC purchased a new stake in e.l.f. Beauty during the 3rd quarter valued at approximately $44,000. Peterson Financial Group Inc. bought a new stake in shares of e.l.f. Beauty during the third quarter valued at approximately $45,000. Finally, Blue Trust Inc. lifted its holdings in shares of e.l.f. Beauty by 2,357.1% in the third quarter. Blue Trust Inc. now owns 516 shares of the company’s stock worth $56,000 after buying an additional 495 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ELF. Bank of America cut their target price on shares of e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft began coverage on e.l.f. Beauty in a report on Thursday, December 12th. They issued a “hold” rating and a $133.00 target price on the stock. Stifel Nicolaus dropped their price target on e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating for the company in a research note on Thursday, November 7th. Jefferies Financial Group reduced their price objective on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Finally, DA Davidson reiterated a “buy” rating and set a $170.00 target price on shares of e.l.f. Beauty in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $169.06.

e.l.f. Beauty Price Performance

ELF opened at $106.28 on Thursday. The business has a fifty day moving average of $127.78 and a 200 day moving average of $132.05. The stock has a market cap of $5.99 billion, a P/E ratio of 57.45, a PEG ratio of 2.03 and a beta of 1.50. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22. e.l.f. Beauty, Inc. has a 52-week low of $98.50 and a 52-week high of $221.83.

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

Insider Transactions at e.l.f. Beauty

In other news, Director Maureen C. Watson sold 785 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $130.00, for a total value of $102,050.00. Following the completion of the sale, 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 document filed with the SEC, which can be accessed through this hyperlink. Also, insider Scott Milsten sold 530 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $72,928.00. Following the completion of the sale, the insider now directly owns 68,853 shares of the company’s stock, valued at $9,474,172.80. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,205 shares of company stock valued at $297,442. 3.50% of the stock is currently owned by company insiders.

e.l.f. Beauty Profile

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.