e.l.f. Beauty, Inc. (NYSE:ELF) Stock Holdings Increased by Savoir Faire Capital Management L.P.

Savoir Faire Capital Management L.P. raised its stake in e.l.f. Beauty, Inc. (NYSE:ELF) by 273.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 58,443 shares of the company’s stock after buying an additional 42,803 shares during the quarter. e.l.f. Beauty makes up approximately 4.8% of Savoir Faire Capital Management L.P.’s portfolio, making the stock its 2nd biggest holding. Savoir Faire Capital Management L.P.’s holdings in e.l.f. Beauty were worth $12,315,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Ashton Thomas Private Wealth LLC purchased a new position in e.l.f. Beauty in the 2nd quarter valued at approximately $26,000. Matrix Trust Co purchased a new position in shares of e.l.f. Beauty in the second quarter valued at $27,000. Innealta Capital LLC acquired a new position in shares of e.l.f. Beauty during the 2nd quarter worth $30,000. Harbor Investment Advisory LLC purchased a new stake in shares of e.l.f. Beauty in the 1st quarter worth about $31,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in e.l.f. Beauty by 405.9% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock valued at $36,000 after acquiring an additional 138 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ELF. Canaccord Genuity Group lifted their target price on shares of e.l.f. Beauty from $214.00 to $250.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. DA Davidson reaffirmed a “buy” rating and issued a $223.00 target price on shares of e.l.f. Beauty in a research note on Wednesday, September 11th. Bank of America lowered their target price on e.l.f. Beauty from $230.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, September 9th. Piper Sandler cut their price target on e.l.f. Beauty from $260.00 to $162.00 and set an “overweight” rating for the company in a report on Monday. Finally, Stifel Nicolaus increased their price objective on e.l.f. Beauty from $151.00 to $161.00 and gave the company a “hold” rating in a research note on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, e.l.f. Beauty presently has a consensus rating of “Moderate Buy” and an average target price of $198.80.

e.l.f. Beauty Stock Performance

NYSE:ELF opened at $113.17 on Tuesday. The company has a market cap of $6.38 billion, a P/E ratio of 50.98, a P/E/G ratio of 2.37 and a beta of 1.44. The firm’s 50 day moving average is $161.14 and its two-hundred day moving average is $176.84. e.l.f. Beauty, Inc. has a fifty-two week low of $88.47 and a fifty-two week high of $221.83. The company has a quick ratio of 1.10, a current ratio of 1.77 and a debt-to-equity ratio of 0.23.

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

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

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.