e.l.f. Beauty, Inc. (NYSE:ELF) Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC raised its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 7.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 36,779 shares of the company’s stock after buying an additional 2,676 shares during the quarter. Janus Henderson Group PLC’s holdings in e.l.f. Beauty were worth $4,009,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ELF. Ashton Thomas Private Wealth LLC purchased a new position in e.l.f. Beauty in the second quarter valued at approximately $26,000. Innealta Capital LLC acquired a new position in shares of e.l.f. Beauty in the 2nd quarter valued at $30,000. Whittier Trust Co. of Nevada Inc. grew its position in shares of 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 buying an additional 138 shares during the last quarter. Crewe Advisors LLC raised its stake in e.l.f. Beauty by 456.3% during the 2nd quarter. Crewe Advisors LLC now owns 178 shares of the company’s stock worth $38,000 after acquiring an additional 146 shares in the last quarter. Finally, Planning Capital Management Corp raised its stake in e.l.f. Beauty by 1,855.0% during the 3rd quarter. Planning Capital Management Corp now owns 391 shares of the company’s stock worth $43,000 after acquiring an additional 371 shares in the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Insider Activity at e.l.f. Beauty

In related news, Director Maureen C. Watson sold 785 shares of e.l.f. Beauty stock in a transaction on Friday, November 29th. The stock was sold at an average price of $130.00, for a total transaction of $102,050.00. Following the completion of the transaction, the director now directly owns 1,888 shares of the company’s stock, valued at approximately $245,440. The trade was a 29.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Scott Milsten sold 530 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $72,928.00. Following the sale, the insider now owns 68,853 shares in the company, valued at approximately $9,474,172.80. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,205 shares of company stock worth $297,442 over the last 90 days. Company insiders own 3.50% of the company’s stock.

e.l.f. Beauty Price Performance

Shares of NYSE:ELF opened at $137.66 on Wednesday. e.l.f. Beauty, Inc. has a 52 week low of $98.50 and a 52 week high of $221.83. The company has a 50-day moving average price of $116.46 and a 200 day moving average price of $150.17. The company has a market cap of $7.75 billion, a P/E ratio of 74.38, a PEG ratio of 3.06 and a beta of 1.49. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22.

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 for the quarter, compared to the consensus estimate of $289.43 million. During the same period in the previous year, the business earned $0.66 earnings per share. The company’s revenue for the quarter was up 39.7% compared to the same quarter last year. Research analysts predict that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on ELF shares. Morgan Stanley dropped their price objective on e.l.f. Beauty from $184.00 to $139.00 and set an “equal weight” rating on the stock in a report on Monday, September 30th. Robert W. Baird dropped their price target on 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. Stifel Nicolaus reduced their price objective on e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating for the company in a research note on Thursday, November 7th. DA Davidson restated a “buy” rating and set a $170.00 target price on shares of e.l.f. Beauty in a research report on Monday, November 25th. Finally, TD Cowen reduced their price target on shares of 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. One equities research 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 company’s stock. According to 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.