e.l.f. Beauty, Inc. (NYSE:ELF) Shares Purchased by Baillie Gifford & Co.

Baillie Gifford & Co. boosted its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 51.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,009,434 shares of the company's stock after buying an additional 2,703,742 shares during the quarter. e.l.f. Beauty accounts for 0.8% of Baillie Gifford & Co.'s investment portfolio, making the stock its 28th largest position. Baillie Gifford & Co. owned approximately 14.22% of e.l.f. Beauty worth $1,005,584,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. nVerses Capital LLC purchased a new stake in shares of e.l.f. Beauty in the 3rd quarter valued at approximately $44,000. Blue Trust Inc. increased its position in shares of e.l.f. Beauty by 2,357.1% in the 3rd quarter. Blue Trust Inc. now owns 516 shares of the company's stock valued at $56,000 after purchasing an additional 495 shares during the last quarter. Raymond James & Associates increased its position in shares of e.l.f. Beauty by 44.4% in the 3rd quarter. Raymond James & Associates now owns 178,467 shares of the company's stock valued at $19,458,000 after purchasing an additional 54,836 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of e.l.f. Beauty by 55.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 730,377 shares of the company's stock valued at $79,633,000 after purchasing an additional 261,707 shares during the last quarter. Finally, Cetera Trust Company N.A increased its position in shares of e.l.f. Beauty by 14.4% in the 3rd quarter. Cetera Trust Company N.A now owns 1,030 shares of the company's stock valued at $112,000 after purchasing an additional 130 shares during the last quarter. 92.44% of the stock is currently owned by institutional investors and hedge funds.

e.l.f. Beauty Price Performance

Shares of NYSE ELF traded down $2.10 during midday trading on Thursday, hitting $71.01. The company had a trading volume of 2,852,960 shares, compared to its average volume of 3,293,939. The company has a quick ratio of 1.17, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. e.l.f. Beauty, Inc. has a twelve month low of $63.50 and a twelve month high of $221.83. The business has a 50-day simple moving average of $112.70 and a two-hundred day simple moving average of $122.09. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of 42.02, a price-to-earnings-growth ratio of 6.87 and a beta of 1.47.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. Equities research analysts anticipate that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ELF shares. B. Riley reissued a "buy" rating and issued a $90.00 price objective (down from $150.00) on shares of e.l.f. Beauty in a research report on Friday, February 7th. Jefferies Financial Group dropped their target price on shares of e.l.f. Beauty from $220.00 to $175.00 and set a "buy" rating on the stock in a research report on Wednesday, October 30th. Canaccord Genuity Group dropped their target price on shares of e.l.f. Beauty from $174.00 to $105.00 and set a "buy" rating on the stock in a research report on Friday, February 7th. DA Davidson reaffirmed a "neutral" rating and issued a $80.00 target price on shares of e.l.f. Beauty in a research report on Tuesday. Finally, Raymond James lowered their price objective on shares of e.l.f. Beauty from $175.00 to $120.00 and set a "strong-buy" rating on the stock in a research report on Friday, February 7th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, e.l.f. Beauty currently has an average rating of "Moderate Buy" and a consensus target price of $134.00.

Insider Activity at e.l.f. Beauty

In other news, Director Maureen C. Watson sold 785 shares of e.l.f. Beauty stock in a transaction dated 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 in the company, valued at $245,440. The trade was a 29.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Scott Milsten sold 530 shares of the business's 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 completion of the transaction, the insider now directly owns 68,853 shares of the company's stock, valued at approximately $9,474,172.80. This represents a 0.76 % decrease in their position. 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 Profile

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.