Westfield Capital Management Co. LP Has $36.50 Million Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Westfield Capital Management Co. LP grew its holdings in e.l.f. Beauty, Inc. (NYSE:ELF) by 20,187.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 334,743 shares of the company’s stock after purchasing an additional 333,093 shares during the quarter. Westfield Capital Management Co. LP owned about 0.59% of e.l.f. Beauty worth $36,497,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in ELF. Ashton Thomas Private Wealth LLC bought a new stake in e.l.f. Beauty during the 2nd quarter worth about $26,000. Matrix Trust Co acquired a new stake in shares of e.l.f. Beauty in the second quarter valued at approximately $27,000. Innealta Capital LLC bought a new position in e.l.f. Beauty in the 2nd quarter worth approximately $30,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in e.l.f. Beauty by 405.9% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock worth $36,000 after buying an additional 138 shares in the last quarter. Finally, Crewe Advisors LLC boosted its position in e.l.f. Beauty by 456.3% in the 2nd quarter. Crewe Advisors LLC now owns 178 shares of the company’s stock valued at $38,000 after buying an additional 146 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

Insider Activity

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,528 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $136.45, for a total value of $3,210,395.60. Following the sale, the chief executive officer now owns 106,016 shares in the company, valued at $14,465,883.20. This represents a 18.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.50% of the company’s stock.

e.l.f. Beauty Stock Up 3.2 %

Shares of ELF stock opened at $126.42 on Monday. The firm’s fifty day moving average price is $112.24 and its two-hundred day moving average price is $152.67. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. e.l.f. Beauty, Inc. has a 1 year low of $98.50 and a 1 year high of $221.83. The firm has a market capitalization of $7.12 billion, a P/E ratio of 68.34, a PEG ratio of 2.68 and a beta of 1.44.

e.l.f. Beauty (NYSE:ELF) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.34. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The firm had revenue of $301.10 million during the quarter, compared to the consensus estimate of $289.43 million. During the same period last year, the company earned $0.66 earnings per share. The business’s revenue was up 39.7% compared to the same quarter last year. On average, equities analysts predict that e.l.f. Beauty, Inc. will post 2.8 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ELF shares. Piper Sandler restated an “overweight” rating and set a $165.00 target price (up previously from $162.00) on shares of e.l.f. Beauty in a research report on Thursday, November 7th. Morgan Stanley cut their target price on shares of e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating on the stock in a research report on Monday, September 30th. DA Davidson lowered their price target on shares of e.l.f. Beauty from $223.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Canaccord Genuity Group cut their price objective on shares of e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. Finally, Truist Financial lowered their target price on shares of e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $173.53.

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.