Diversified Trust Co Increases Holdings in e.l.f. Beauty, Inc. (NYSE:ELF)

Diversified Trust Co raised its holdings in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 119.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,745 shares of the company's stock after purchasing an additional 8,585 shares during the quarter. Diversified Trust Co's holdings in e.l.f. Beauty were worth $1,977,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. 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 valued at $578,480,000 after buying an additional 1,501,151 shares during the last quarter. State Street Corp boosted its holdings in shares of e.l.f. Beauty by 3.7% in the third quarter. State Street Corp now owns 1,665,203 shares of the company's stock valued at $181,557,000 after acquiring an additional 59,248 shares in the last quarter. William Blair Investment Management LLC increased its stake in shares of e.l.f. Beauty by 12.5% during the second quarter. William Blair Investment Management LLC now owns 1,512,180 shares of the company's stock worth $318,647,000 after acquiring an additional 168,267 shares during the period. Clearbridge Investments LLC increased its stake 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 worth $265,432,000 after acquiring an additional 576,383 shares during the period. Finally, FMR LLC raised its holdings in e.l.f. Beauty by 5.5% during 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 in the last quarter. 92.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ELF has been the subject of several recent analyst reports. Canaccord Genuity Group reduced their price target on e.l.f. Beauty from $250.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, November 7th. Robert W. Baird reduced their target price 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. Deutsche Bank Aktiengesellschaft started coverage on shares of e.l.f. Beauty in a research report on Thursday, December 12th. They set a "hold" rating and a $133.00 target price on the stock. Bank of America reduced 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. Finally, Stifel Nicolaus lowered 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 research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $171.94.

Insider Activity

In related news, CEO Tarang Amin sold 890 shares of e.l.f. Beauty stock in a transaction on Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $122,464.00. Following the transaction, the chief executive officer now owns 99,699 shares in the company, valued at approximately $13,718,582.40. This trade represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Scott Milsten sold 530 shares of the company's stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $137.60, for a total value of $72,928.00. Following the sale, the insider now owns 68,853 shares of the company's stock, valued at $9,474,172.80. This represents a 0.76 % 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 90 days. 3.50% of the stock is currently owned by insiders.

e.l.f. Beauty Price Performance

e.l.f. Beauty stock traded down $0.25 during midday trading on Wednesday, reaching $127.49. 1,396,301 shares of the company were exchanged, compared to its average volume of 1,166,432. The firm's 50-day simple moving average is $126.32 and its 200-day simple moving average is $140.77. e.l.f. Beauty, Inc. has a 1 year low of $98.50 and a 1 year high of $221.83. The company has a market capitalization of $7.18 billion, a price-to-earnings ratio of 68.91, a P/E/G ratio of 3.03 and a beta of 1.50. 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 (NYSE:ELF - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $289.43 million. During the same period in the previous year, the firm posted $0.66 EPS. e.l.f. Beauty's revenue was up 39.7% on a year-over-year basis. On average, analysts anticipate that e.l.f. Beauty, Inc. will post 2.8 EPS for the current year.

e.l.f. Beauty Company 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.