GSA Capital Partners LLP Buys 9,099 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

GSA Capital Partners LLP increased its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 230.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 13,045 shares of the company’s stock after buying an additional 9,099 shares during the period. GSA Capital Partners LLP’s holdings in e.l.f. Beauty were worth $1,422,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Canada Pension Plan Investment Board bought a new stake in shares of e.l.f. Beauty during the second quarter worth approximately $6,659,000. Cetera Investment Advisers lifted its holdings in e.l.f. Beauty by 33.8% during the 2nd quarter. Cetera Investment Advisers now owns 39,319 shares of the company’s stock worth $8,285,000 after purchasing an additional 9,939 shares during the last quarter. Clearbridge Investments LLC boosted its stake in e.l.f. Beauty by 84.4% in the 2nd quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock valued at $265,432,000 after purchasing an additional 576,383 shares during the period. Swiss National Bank grew its holdings in e.l.f. Beauty by 0.5% in the 1st quarter. Swiss National Bank now owns 108,900 shares of the company’s stock valued at $21,348,000 after buying an additional 500 shares in the last quarter. Finally, Congress Asset Management Co. increased its position in e.l.f. Beauty by 14.2% during the 3rd quarter. Congress Asset Management Co. now owns 503,577 shares of the company’s stock worth $54,905,000 after buying an additional 62,480 shares during the period. Institutional investors and hedge funds own 92.44% of the company’s stock.

Insider Activity

In related news, CEO Tarang Amin sold 23,528 shares of e.l.f. Beauty stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $136.45, for a total transaction of $3,210,395.60. Following the sale, the chief executive officer now directly owns 106,016 shares in the company, valued at $14,465,883.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

ELF has been the topic of several research reports. Robert W. Baird decreased their price target on shares of e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. Canaccord Genuity Group decreased their target price on shares of e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Piper Sandler reaffirmed an “overweight” rating and set a $165.00 target price (up from $162.00) on shares of e.l.f. Beauty in a report on Thursday, November 7th. B. Riley cut their price target on e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Finally, UBS Group dropped their price objective on e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating for the company in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $173.53.

e.l.f. Beauty Stock Performance

NYSE ELF opened at $122.83 on Thursday. The firm’s fifty day moving average price is $111.97 and its two-hundred day moving average price is $154.96. The stock has a market cap of $6.92 billion, a PE ratio of 66.39, a PEG ratio of 2.88 and a beta of 1.44. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78. e.l.f. Beauty, Inc. has a fifty-two week low of $98.50 and a fifty-two week high of $221.83.

e.l.f. Beauty (NYSE:ELF) last issued its earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.34. The business 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.66 EPS. On average, equities analysts expect that e.l.f. Beauty, Inc. will post 2.8 EPS for the current fiscal year.

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.