e.l.f. Beauty, Inc. (NYSE:ELF) Shares Bought by Baillie Gifford & Co.

Baillie Gifford & Co. increased its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 51.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 8,009,434 shares of the company’s stock after buying an additional 2,703,742 shares during the quarter. e.l.f. Beauty makes up 0.8% of Baillie Gifford & Co.’s holdings, making the stock its 28th biggest holding. Baillie Gifford & Co. owned 0.14% of e.l.f. Beauty worth $1,005,584,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. State Street Corp raised its holdings 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 valued at $181,557,000 after acquiring an additional 59,248 shares during the last quarter. FMR LLC raised its holdings in shares of e.l.f. Beauty by 5.5% during the third quarter. FMR LLC now owns 1,186,766 shares of the company’s stock valued at $129,393,000 after acquiring an additional 61,524 shares during the last quarter. Champlain Investment Partners LLC acquired a new position in shares of e.l.f. Beauty during the third quarter valued at approximately $121,558,000. Geode Capital Management LLC raised its holdings in shares of e.l.f. Beauty by 2.7% during the third quarter. Geode Capital Management LLC now owns 955,064 shares of the company’s stock valued at $104,158,000 after acquiring an additional 24,778 shares during the last quarter. Finally, Swedbank AB raised its holdings in shares of e.l.f. Beauty by 16.0% during the fourth quarter. Swedbank AB now owns 812,000 shares of the company’s stock valued at $101,947,000 after acquiring an additional 112,000 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on ELF. Jefferies Financial Group reduced their target price on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. B. Riley restated a “buy” rating and issued a $90.00 price target (down from $150.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. DA Davidson lowered e.l.f. Beauty from a “buy” rating to a “neutral” rating and dropped their price target for the company from $170.00 to $80.00 in a research report on Friday, February 7th. Robert W. Baird dropped their price target on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. Finally, Raymond James dropped their price target on e.l.f. Beauty from $175.00 to $120.00 and set a “strong-buy” rating for the company in a research report on Friday, February 7th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $134.00.

e.l.f. Beauty Trading Down 2.6 %

ELF opened at $72.97 on Monday. e.l.f. Beauty, Inc. has a 52 week low of $63.50 and a 52 week high of $221.83. The business has a fifty day simple moving average of $116.66 and a 200-day simple moving average of $124.10. The firm has a market cap of $4.11 billion, a P/E ratio of 43.18, a P/E/G ratio of 1.54 and a beta of 1.47. 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 (NYSE:ELF) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 17.35% and a net margin of 7.55%. On average, equities analysts expect that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current year.

Insider Transactions at e.l.f. Beauty

In other news, Director Maureen C. Watson sold 785 shares of the 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 sale, the director now directly owns 1,888 shares in the company, valued at approximately $245,440. This trade represents a 29.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Tarang Amin sold 890 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $137.60, for a total value of $122,464.00. Following the completion of the sale, the chief executive officer now owns 99,699 shares in the company, valued at approximately $13,718,582.40. The trade was a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,205 shares of company stock worth $297,442 over the last ninety days. Company insiders own 3.50% of the company’s stock.

e.l.f. Beauty Company 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.