Fmr LLC Has $129.39 Million Stake in e.l.f. Beauty, Inc. (NYSE:ELF)

FMR LLC boosted its stake in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 5.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,186,766 shares of the company's stock after buying an additional 61,524 shares during the period. FMR LLC owned 2.11% of e.l.f. Beauty worth $129,393,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC acquired a new stake in e.l.f. Beauty in the second quarter worth $26,000. Innealta Capital LLC acquired a new position in shares of e.l.f. Beauty during the second quarter valued at $30,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of e.l.f. Beauty by 405.9% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company's stock valued at $36,000 after purchasing an additional 138 shares during the period. Crewe Advisors LLC increased its holdings 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 valued at $38,000 after purchasing an additional 146 shares during the period. Finally, Summit Securities Group LLC acquired a new position in shares of e.l.f. Beauty during the second quarter valued at $80,000. 92.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Robert W. Baird lowered their price target on e.l.f. Beauty from $240.00 to $175.00 and set an "outperform" rating on the stock in a report on Monday, October 21st. Piper Sandler reissued an "overweight" rating and set a $165.00 price target (up from $162.00) on shares of e.l.f. Beauty in a report on Thursday, November 7th. DA Davidson reaffirmed a "buy" rating and set a $170.00 target price on shares of e.l.f. Beauty in a research note on Monday, November 25th. Morgan Stanley decreased their target price on 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, 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, e.l.f. Beauty currently has a consensus rating of "Moderate Buy" and a consensus price target of $173.53.

Insider Activity 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 on Thursday, September 5th. The stock was sold at an average price of $136.45, for a total value of $3,210,395.60. Following the completion of the transaction, the chief executive officer now owns 106,016 shares in the company, valued at approximately $14,465,883.20. The trade was a 18.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Maureen C. Watson sold 785 shares of e.l.f. Beauty stock in a transaction on Friday, November 29th. The shares were sold at an average price of $130.00, for a total value of $102,050.00. Following the completion of the transaction, the director now owns 1,888 shares of the company's stock, valued at approximately $245,440. The trade was a 29.37 % decrease in their position. The disclosure for this sale can be found here. 3.50% of the stock is owned by insiders.

e.l.f. Beauty Stock Performance

NYSE ELF traded up $9.01 during trading on Wednesday, hitting $136.42. The company's stock had a trading volume of 2,202,451 shares, compared to its average volume of 1,971,945. 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 firm has a 50 day moving average price of $114.89 and a 200 day moving average price of $150.81. The firm has a market cap of $7.68 billion, a P/E ratio of 73.74, a price-to-earnings-growth ratio of 2.86 and a beta of 1.49. 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 announced its quarterly earnings data 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. 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 analyst estimates of $289.43 million. During the same quarter last year, the firm earned $0.66 EPS. e.l.f. Beauty's revenue for the quarter was up 39.7% compared to the same quarter last year. Equities research analysts forecast that e.l.f. Beauty, Inc. will post 2.8 earnings per share for the current fiscal year.

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.