2,325 Shares in e.l.f. Beauty, Inc. (NYSE:ELF) Bought by Qsemble Capital Management LP

Qsemble Capital Management LP bought a new position in e.l.f. Beauty, Inc. (NYSE:ELF) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 2,325 shares of the company’s stock, valued at approximately $253,000.

Several other hedge funds also recently bought and sold shares of ELF. Ashton Thomas Private Wealth LLC bought a new position in shares of e.l.f. Beauty during the 2nd quarter valued at about $26,000. Matrix Trust Co bought a new position in shares of e.l.f. Beauty during the 2nd quarter valued at about $27,000. Innealta Capital LLC bought a new position in shares of e.l.f. Beauty during the 2nd quarter valued at about $30,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of 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 valued at $36,000 after purchasing an additional 138 shares during the last quarter. Finally, Crewe Advisors LLC boosted its holdings in shares of e.l.f. Beauty by 456.3% during the 2nd quarter. Crewe Advisors LLC now owns 178 shares of the company’s stock valued at $38,000 after purchasing an additional 146 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Performance

e.l.f. Beauty stock opened at $127.20 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.78 and a quick ratio of 1.01. 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 $7.17 billion, a P/E ratio of 68.76, a price-to-earnings-growth ratio of 2.85 and a beta of 1.44. The company’s 50-day moving average is $113.07 and its 200 day moving average is $151.94.

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

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several research analysts have commented on ELF shares. Morgan Stanley dropped their price objective on shares of e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating for the company in a report on Monday, September 30th. B. Riley dropped their price objective on shares of e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Jefferies Financial Group decreased their target price on shares of e.l.f. Beauty from $220.00 to $175.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. 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. Finally, Bank of America decreased their target price on shares of e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and an average target price of $173.53.

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.