388 Shares in e.l.f. Beauty, Inc. (NYSE:ELF) Purchased by Rakuten Securities Inc.

Rakuten Securities Inc. acquired a new stake in e.l.f. Beauty, Inc. (NYSE:ELF) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 388 shares of the company’s stock, valued at approximately $56,000.

Several other hedge funds have also recently modified their holdings of ELF. Wellington Management Group LLP boosted its position in e.l.f. Beauty by 235.8% in the third quarter. Wellington Management Group LLP now owns 2,414,601 shares of the company’s stock worth $265,196,000 after purchasing an additional 1,695,585 shares during the last quarter. FMR LLC boosted its position in shares of e.l.f. Beauty by 641.2% in the third quarter. FMR LLC now owns 832,404 shares of the company’s stock valued at $91,423,000 after acquiring an additional 720,098 shares during the period. Millennium Management LLC boosted its position in shares of e.l.f. Beauty by 697.8% in the fourth quarter. Millennium Management LLC now owns 681,739 shares of the company’s stock valued at $37,700,000 after acquiring an additional 596,287 shares during the period. William Blair Investment Management LLC grew its stake in e.l.f. Beauty by 58.2% during the third quarter. William Blair Investment Management LLC now owns 1,424,268 shares of the company’s stock valued at $156,427,000 after acquiring an additional 523,903 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in e.l.f. Beauty by 8.9% during the 3rd quarter. Vanguard Group Inc. now owns 6,147,304 shares of the company’s stock worth $231,262,000 after acquiring an additional 504,690 shares during the period. Institutional investors own 92.44% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Tarang Amin sold 23,519 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $198.89, for a total value of $4,677,693.91. Following the completion of the transaction, the chief executive officer now owns 10,889 shares in the company, valued at approximately $2,165,713.21. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, SVP Joshua Allen Franks sold 727 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $165.16, for a total transaction of $120,071.32. Following the completion of the transaction, the senior vice president now directly owns 83,736 shares in the company, valued at $13,829,837.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Tarang Amin sold 23,519 shares of e.l.f. Beauty stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $198.89, for a total transaction of $4,677,693.91. Following the completion of the transaction, the chief executive officer now directly owns 10,889 shares of the company’s stock, valued at $2,165,713.21. The disclosure for this sale can be found here. Company insiders own 5.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Stifel Nicolaus raised their price target on shares of e.l.f. Beauty from $141.00 to $167.00 and gave the company a “hold” rating in a report on Wednesday, February 7th. TD Cowen upgraded shares of e.l.f. Beauty from a “hold” rating to a “buy” rating and dropped their target price for the company from $220.00 to $190.00 in a research report on Wednesday. JPMorgan Chase & Co. increased their price target on shares of e.l.f. Beauty from $130.00 to $175.00 and gave the stock an “overweight” rating in a report on Thursday, January 18th. Bank of America lifted their price objective on shares of e.l.f. Beauty from $200.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Finally, StockNews.com cut e.l.f. Beauty from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $184.33.

e.l.f. Beauty Stock Up 0.4 %

Shares of NYSE ELF opened at $166.26 on Thursday. The firm has a fifty day simple moving average of $186.70 and a two-hundred day simple moving average of $148.43. e.l.f. Beauty, Inc. has a 12 month low of $83.80 and a 12 month high of $221.83. The company has a current ratio of 1.50, a quick ratio of 0.83 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $9.23 billion, a PE ratio of 73.57, a price-to-earnings-growth ratio of 1.54 and a beta of 1.57.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.11. e.l.f. Beauty had a net margin of 14.53% and a return on equity of 28.98%. The company had revenue of $270.94 million for the quarter, compared to analysts’ expectations of $239.66 million. Equities analysts expect that e.l.f. Beauty, Inc. will post 2.5 earnings per share for the current year.

About e.l.f. Beauty

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.