BNP Paribas Financial Markets lowered its stake in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 57.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,557 shares of the company's stock after selling 45,922 shares during the quarter. BNP Paribas Financial Markets owned 0.06% of e.l.f. Beauty worth $3,659,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Picton Mahoney Asset Management raised its holdings in shares of e.l.f. Beauty by 3.2% in the second quarter. Picton Mahoney Asset Management now owns 2,430 shares of the company's stock valued at $512,000 after purchasing an additional 75 shares during the last quarter. Hanseatic Management Services Inc. lifted its position in shares of e.l.f. Beauty by 1.7% during the 2nd quarter. Hanseatic Management Services Inc. now owns 4,507 shares of the company's stock worth $950,000 after buying an additional 77 shares in the last quarter. Portside Wealth Group LLC boosted its stake in shares of e.l.f. Beauty by 3.2% in the 2nd quarter. Portside Wealth Group LLC now owns 2,982 shares of the company's stock worth $628,000 after buying an additional 93 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of e.l.f. Beauty by 27.8% in the second quarter. GAMMA Investing LLC now owns 451 shares of the company's stock valued at $95,000 after acquiring an additional 98 shares in the last quarter. Finally, Evergreen Capital Management LLC increased its position in shares of e.l.f. Beauty by 2.1% during the second quarter. Evergreen Capital Management LLC now owns 4,777 shares of the company's stock valued at $1,007,000 after acquiring an additional 99 shares during the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.
e.l.f. Beauty Price Performance
NYSE:ELF traded down $5.14 during midday trading on Thursday, hitting $131.26. The company had a trading volume of 1,219,223 shares, compared to its average volume of 1,968,739. The company has a market capitalization of $7.39 billion, a PE ratio of 70.95, 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. e.l.f. Beauty, Inc. has a 52-week low of $98.50 and a 52-week high of $221.83. The stock's fifty 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 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 company had revenue of $301.10 million for the quarter, compared to analysts' expectations of $289.43 million. During the same period last year, the firm posted $0.66 EPS. e.l.f. Beauty's revenue for the quarter was up 39.7% compared to the same quarter last year. As a group, research analysts expect that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current year.
Insider Transactions 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 stock was sold at an average price of $130.00, for a total value of $102,050.00. Following the transaction, the director now owns 1,888 shares in the company, valued at approximately $245,440. The trade was a 29.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.50% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on ELF. B. Riley reduced their price objective on e.l.f. Beauty from $175.00 to $150.00 and set a "buy" rating for the company in a research note on Thursday, November 7th. Robert W. Baird reduced their price target on shares of e.l.f. Beauty from $240.00 to $175.00 and set an "outperform" rating for the company in a research report on Monday, October 21st. Bank of America dropped their target price on shares of 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. Morgan Stanley decreased their price target on shares of e.l.f. Beauty from $184.00 to $139.00 and set an "equal weight" rating for the company in a research note on Monday, September 30th. Finally, Truist Financial dropped their price objective on e.l.f. Beauty from $210.00 to $130.00 and set a "buy" rating on the stock in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $173.53.
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e.l.f. Beauty Company Profile
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Free Report)
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.
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