Van ECK Associates Corp Has $3.97 Million Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Van ECK Associates Corp raised its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 41.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,588 shares of the company’s stock after buying an additional 10,929 shares during the period. Van ECK Associates Corp owned about 0.07% of e.l.f. Beauty worth $3,968,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of ELF. Ashton Thomas Private Wealth LLC acquired a new stake in e.l.f. Beauty during the 2nd quarter valued at $26,000. Matrix Trust Co bought a new stake in shares of e.l.f. Beauty during the second quarter worth $27,000. Innealta Capital LLC bought a new stake in e.l.f. Beauty during the 2nd quarter worth about $30,000. Whittier Trust Co. of Nevada Inc. increased its position 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 in the last quarter. Finally, Crewe Advisors LLC raised its stake in shares of e.l.f. Beauty by 456.3% in the second quarter. Crewe Advisors LLC now owns 178 shares of the company’s stock worth $38,000 after acquiring an additional 146 shares during the last quarter. Institutional investors own 92.44% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on ELF shares. Baird R W raised shares of e.l.f. Beauty from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 18th. 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. Canaccord Genuity Group decreased their price target on e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday. UBS Group lowered their price objective on e.l.f. Beauty from $250.00 to $230.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, TD Cowen cut their target price on shares of e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, e.l.f. Beauty currently has an average rating of “Moderate Buy” and a consensus price target of $173.53.

e.l.f. Beauty Price Performance

Shares of ELF stock opened at $120.15 on Friday. 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, Inc. has a 12-month low of $92.16 and a 12-month high of $221.83. The firm has a fifty day moving average of $112.47 and a 200-day moving average of $155.89. The firm has a market capitalization of $6.78 billion, a price-to-earnings ratio of 57.21, a price-to-earnings-growth ratio of 2.16 and a beta of 1.44.

e.l.f. Beauty (NYSE:ELF) last posted its earnings results on Thursday, August 8th. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.20. The firm had revenue of $324.48 million during the quarter, compared to analysts’ expectations of $303.60 million. e.l.f. Beauty had a return on equity of 23.30% and a net margin of 10.80%. On average, equities research analysts forecast that e.l.f. Beauty, Inc. will post 2.88 earnings per share for the current year.

Insider Activity

In related news, CEO Tarang Amin sold 23,528 shares of the stock in a transaction that occurred 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 directly owns 106,016 shares of the company’s stock, valued at approximately $14,465,883.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.50% of the stock is currently owned by company insiders.

About e.l.f. Beauty

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.