B. Metzler seel. Sohn & Co. Holding AG Takes $3.05 Million Position in e.l.f. Beauty, Inc. (NYSE:ELF)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 28,000 shares of the company's stock, valued at approximately $3,053,000.

Several other hedge funds have also recently added to or reduced their stakes in ELF. Savoir Faire Capital Management L.P. boosted its position in shares of e.l.f. Beauty by 20.2% in the third quarter. Savoir Faire Capital Management L.P. now owns 70,224 shares of the company's stock valued at $7,657,000 after acquiring an additional 11,781 shares during the period. Quest Partners LLC bought a new stake in e.l.f. Beauty in the 3rd quarter valued at $173,000. Swiss National Bank grew its position in e.l.f. Beauty by 0.8% in the 3rd quarter. Swiss National Bank now owns 110,100 shares of the company's stock worth $12,004,000 after purchasing an additional 900 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of e.l.f. Beauty by 223.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 555,287 shares of the company's stock worth $60,543,000 after purchasing an additional 383,478 shares during the period. Finally, RiverPark Advisors LLC acquired a new position in shares of e.l.f. Beauty during the third quarter valued at about $103,000. Institutional investors own 92.44% of the company's stock.

Insider Buying and Selling at e.l.f. Beauty

In other e.l.f. Beauty news, CEO Tarang Amin sold 23,528 shares of e.l.f. Beauty 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 completion of the sale, the chief executive officer now owns 106,016 shares in the company, valued at $14,465,883.20. The trade was a 18.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ELF. Robert W. Baird decreased their target price on e.l.f. Beauty from $240.00 to $175.00 and set an "outperform" rating on the stock in a research report on Monday, October 21st. Morgan Stanley lowered 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 research report on Monday, September 30th. JPMorgan Chase & Co. reduced their target price on 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. Stifel Nicolaus lowered their price target on shares of e.l.f. Beauty from $131.00 to $115.00 and set a "hold" rating on the stock in a report on Thursday, November 7th. Finally, Bank of America dropped their price objective on shares of e.l.f. Beauty from $190.00 to $165.00 and set a "buy" rating for the company in a research note on Tuesday, October 15th. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, e.l.f. Beauty has a consensus rating of "Moderate Buy" and an average price target of $173.53.

e.l.f. Beauty Stock Down 2.2 %

NYSE:ELF opened at $119.05 on Thursday. The company has a market cap of $6.71 billion, a PE ratio of 64.35, a PEG ratio of 2.67 and a beta of 1.44. The stock has a 50-day simple moving average of $111.89 and a 200 day simple moving average of $153.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.01 and a current ratio of 1.78. e.l.f. Beauty, Inc. has a 52-week low of $98.50 and a 52-week high of $221.83.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.34. The firm had revenue of $301.10 million for the quarter, compared to analyst estimates of $289.43 million. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The business's quarterly revenue was up 39.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.66 EPS. On average, sell-side analysts expect that e.l.f. Beauty, Inc. will post 2.8 EPS for the current fiscal year.

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.