Bank of Montreal Can Has $1.87 Million Stake in e.l.f. Beauty, Inc. (NYSE:ELF)

Bank of Montreal Can increased its stake in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 51.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,645 shares of the company's stock after purchasing an additional 5,655 shares during the period. Bank of Montreal Can's holdings in e.l.f. Beauty were worth $1,874,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ELF. Ashton Thomas Private Wealth LLC acquired a new stake in shares of e.l.f. Beauty during the 2nd quarter worth 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. boosted 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 worth $36,000 after purchasing an additional 138 shares during the last quarter. Crewe Advisors LLC grew its stake in shares of e.l.f. Beauty by 456.3% during the second quarter. Crewe Advisors LLC now owns 178 shares of the company's stock worth $38,000 after purchasing an additional 146 shares during the period. Finally, Planning Capital Management Corp increased its holdings in e.l.f. Beauty by 1,855.0% in the third quarter. Planning Capital Management Corp now owns 391 shares of the company's stock valued at $43,000 after purchasing an additional 371 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company's stock.

e.l.f. Beauty Stock Up 6.4 %

Shares of NYSE:ELF traded up $8.37 during midday trading on Friday, reaching $139.60. The company had a trading volume of 2,648,336 shares, compared to its average volume of 1,971,643. e.l.f. Beauty, Inc. has a 1-year low of $98.50 and a 1-year high of $221.83. The stock has a market cap of $7.86 billion, a PE ratio of 77.23, a P/E/G ratio of 2.79 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. The business's 50 day moving average price is $115.29 and its 200 day moving average price is $150.67.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $301.10 million for the quarter, compared to analysts' expectations of $289.43 million. During the same quarter in the prior year, the business posted $0.66 EPS. The business's revenue was up 39.7% compared to the same quarter last year. Research analysts forecast that e.l.f. Beauty, Inc. will post 2.8 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ELF shares. Canaccord Genuity Group lowered their price target on e.l.f. Beauty from $250.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, November 7th. UBS Group decreased their target price on e.l.f. Beauty from $250.00 to $230.00 and set a "buy" rating for the company in a research note on Friday, August 9th. DA Davidson reaffirmed a "buy" rating and set a $170.00 price target on shares of e.l.f. Beauty in a research report on Monday, November 25th. Bank of America decreased their price objective 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. Finally, Stifel Nicolaus dropped their target price 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $173.53.

Insider Activity

In other e.l.f. Beauty news, Director Maureen C. Watson sold 785 shares of the firm's 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 sale, the director now 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 document filed with the SEC, which is available through this hyperlink. Insiders own 3.50% of the company's stock.

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.