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

Baillie Gifford & Co. increased its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 39.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,305,692 shares of the company’s stock after buying an additional 1,501,151 shares during the quarter. Baillie Gifford & Co. owned about 9.41% of e.l.f. Beauty worth $578,480,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ELF. Picton Mahoney Asset Management boosted its stake in e.l.f. Beauty by 3.2% during the 2nd quarter. Picton Mahoney Asset Management now owns 2,430 shares of the company’s stock valued at $512,000 after purchasing an additional 75 shares in the last quarter. Hanseatic Management Services Inc. boosted its stake in e.l.f. Beauty by 1.7% during the 2nd quarter. Hanseatic Management Services Inc. now owns 4,507 shares of the company’s stock valued at $950,000 after purchasing an additional 77 shares in the last quarter. Portside Wealth Group LLC boosted its stake in e.l.f. Beauty by 3.2% during the 2nd quarter. Portside Wealth Group LLC now owns 2,982 shares of the company’s stock valued at $628,000 after purchasing an additional 93 shares in the last quarter. GAMMA Investing LLC boosted its stake in e.l.f. Beauty by 27.8% during the 2nd quarter. GAMMA Investing LLC now owns 451 shares of the company’s stock valued at $95,000 after purchasing an additional 98 shares in the last quarter. Finally, Evergreen Capital Management LLC boosted its stake in e.l.f. Beauty by 2.1% during the 2nd quarter. Evergreen Capital Management LLC now owns 4,777 shares of the company’s stock valued at $1,007,000 after purchasing an additional 99 shares in the last quarter. 92.44% of the stock is owned by institutional investors.

Insider Activity at e.l.f. Beauty

In related news, CEO Tarang Amin sold 23,528 shares of e.l.f. Beauty stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $136.45, for a total transaction 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 trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ELF shares. Canaccord Genuity Group decreased their price target on e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. JPMorgan Chase & Co. decreased their target price on e.l.f. Beauty from $167.00 to $154.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. Jefferies Financial Group decreased their target price on e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Morgan Stanley decreased their target price on e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating on the stock in a report on Monday, September 30th. Finally, Robert W. Baird decreased their target price on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating on the stock in a report on Monday, October 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $173.53.

e.l.f. Beauty Stock Performance

Shares of e.l.f. Beauty stock opened at $134.20 on Tuesday. The stock has a market cap of $7.57 billion, a PE ratio of 72.54, a price-to-earnings-growth ratio of 2.50 and a beta of 1.44. e.l.f. Beauty, Inc. has a 12 month low of $93.55 and a 12 month high of $221.83. The company has a quick ratio of 1.10, a current ratio of 1.78 and a debt-to-equity ratio of 0.22. The business has a fifty day simple moving average of $112.47 and a 200-day simple moving average of $155.59.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.34. The firm had revenue of $301.10 million during the quarter, compared to analysts’ expectations of $289.43 million. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The business’s revenue for the quarter was up 39.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.66 earnings per share. On average, sell-side analysts anticipate that e.l.f. Beauty, Inc. will post 2.88 EPS for the current fiscal year.

e.l.f. Beauty Company 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.