BNP Paribas Financial Markets Sells 45,922 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

BNP Paribas Financial Markets decreased its position in e.l.f. Beauty, Inc. (NYSE:ELF) by 57.8% during the third quarter, HoldingsChannel.com reports. The firm owned 33,557 shares of the company’s stock after selling 45,922 shares during the quarter. BNP Paribas Financial Markets’ holdings in e.l.f. Beauty were worth $3,659,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Baillie Gifford & Co. boosted its stake in e.l.f. Beauty by 39.5% in the 3rd quarter. Baillie Gifford & Co. now owns 5,305,692 shares of the company’s stock worth $578,480,000 after purchasing an additional 1,501,151 shares in the last quarter. William Blair Investment Management LLC raised its position in e.l.f. Beauty by 12.5% in the 2nd quarter. William Blair Investment Management LLC now owns 1,512,180 shares of the company’s stock worth $318,647,000 after buying an additional 168,267 shares during the last quarter. Clearbridge Investments LLC raised its position 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 worth $265,432,000 after buying an additional 576,383 shares during the last quarter. FMR LLC raised its position in e.l.f. Beauty by 5.5% in the 3rd quarter. FMR LLC now owns 1,186,766 shares of the company’s stock worth $129,393,000 after buying an additional 61,524 shares during the last quarter. Finally, Champlain Investment Partners LLC purchased a new position in e.l.f. Beauty in the 3rd quarter worth about $121,558,000. Institutional investors own 92.44% of the company’s stock.

e.l.f. Beauty Stock Performance

Shares of NYSE ELF opened at $136.42 on Thursday. The stock has a market cap of $7.68 billion, a PE ratio of 73.74, a price-to-earnings-growth ratio of 2.86 and a beta of 1.49. 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 fifty day moving average price of $114.89 and a 200-day moving average price of $150.81. 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 (NYSE:ELF) last issued its quarterly 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. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The business had revenue of $301.10 million during the quarter, compared to analyst estimates of $289.43 million. During the same quarter in the prior year, the business posted $0.66 EPS. e.l.f. Beauty’s revenue for the quarter was up 39.7% compared to the same quarter last year. Equities analysts anticipate that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ELF has been the subject of a number of recent analyst reports. Bank of America decreased their target price on e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Canaccord Genuity Group decreased their target price on e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. B. Riley decreased their target price on e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. TD Cowen decreased their target price on e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. Finally, Morgan Stanley reduced their price target on shares of e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating for the company in a research report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $173.53.

Insider Activity at e.l.f. Beauty

In other e.l.f. Beauty news, Director Maureen C. Watson sold 785 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $130.00, for a total transaction of $102,050.00. Following the completion of the sale, the director now directly owns 1,888 shares of the company’s stock, valued at $245,440. This trade represents a 29.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.50% of the stock is owned by corporate insiders.

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.