Quantinno Capital Management LP Grows Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Quantinno Capital Management LP grew its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) by 21.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,318 shares of the company’s stock after acquiring an additional 415 shares during the quarter. Quantinno Capital Management LP’s holdings in e.l.f. Beauty were worth $253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Baillie Gifford & Co. grew its position 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 grew its holdings in shares of e.l.f. Beauty by 12.5% in the second quarter. William Blair Investment Management LLC now owns 1,512,180 shares of the company’s stock valued at $318,647,000 after acquiring an additional 168,267 shares in the last quarter. Clearbridge Investments LLC increased its position in shares of e.l.f. Beauty by 84.4% during the second quarter. Clearbridge Investments LLC now owns 1,259,644 shares of the company’s stock valued at $265,432,000 after acquiring an additional 576,383 shares during the last quarter. FMR LLC boosted its position in e.l.f. Beauty by 5.5% in the third quarter. FMR LLC now owns 1,186,766 shares of the company’s stock worth $129,393,000 after purchasing an additional 61,524 shares during the last quarter. Finally, Champlain Investment Partners LLC bought a new position in e.l.f. Beauty in the 3rd quarter valued at $121,558,000. Institutional investors own 92.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ELF. Truist Financial cut their price target on shares of e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. JPMorgan Chase & Co. reduced their target price on shares of e.l.f. Beauty from $167.00 to $154.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of e.l.f. Beauty in a report on Thursday, December 12th. They issued a “hold” rating and a $133.00 price target on the stock. Robert W. Baird reduced their price objective on e.l.f. Beauty from $240.00 to $175.00 and set an “outperform” rating for the company in a report on Monday, October 21st. Finally, Bank of America lowered their target price on e.l.f. Beauty from $190.00 to $165.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $170.65.

Insiders Place Their Bets

In other e.l.f. Beauty news, insider Scott Milsten sold 530 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $72,928.00. Following the transaction, the insider now directly owns 68,853 shares in the company, valued at $9,474,172.80. This trade represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Tarang Amin sold 890 shares of e.l.f. Beauty stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $137.60, for a total transaction of $122,464.00. Following the transaction, the chief executive officer now directly owns 99,699 shares in the company, valued at $13,718,582.40. This trade represents a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,205 shares of company stock valued at $297,442 in the last quarter. Corporate insiders own 3.50% of the company’s stock.

e.l.f. Beauty Stock Down 0.2 %

ELF opened at $140.37 on Tuesday. The firm has a market capitalization of $7.91 billion, a P/E ratio of 75.88, a price-to-earnings-growth ratio of 3.03 and a beta of 1.49. e.l.f. Beauty, Inc. has a one year low of $98.50 and a one year high of $221.83. The company has a fifty day moving average price of $119.74 and a 200-day moving average price of $148.38. 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, beating analysts’ consensus estimates of $0.43 by $0.34. The firm had revenue of $301.10 million during the quarter, compared to the consensus estimate of $289.43 million. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The company’s revenue for the quarter was up 39.7% on a year-over-year basis. During the same quarter last year, the company posted $0.66 EPS. Equities research analysts expect that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current fiscal year.

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.