e.l.f. Beauty, Inc. (NYSE:ELF) Shares Purchased by Franklin Resources Inc.

Franklin Resources Inc. increased its holdings in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 2,769.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,032 shares of the company's stock after buying an additional 69,522 shares during the quarter. Franklin Resources Inc. owned 0.13% of e.l.f. Beauty worth $9,044,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Janus Henderson Group PLC raised its position in shares of e.l.f. Beauty by 7.8% in the 3rd quarter. Janus Henderson Group PLC now owns 36,779 shares of the company's stock valued at $4,009,000 after purchasing an additional 2,676 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in shares of e.l.f. Beauty by 37.8% in the third quarter. Integrated Wealth Concepts LLC now owns 2,335 shares of the company's stock worth $255,000 after buying an additional 641 shares during the last quarter. Quarry LP purchased a new position in shares of e.l.f. Beauty in the third quarter worth $62,000. Quantinno Capital Management LP lifted its stake in shares of e.l.f. Beauty by 21.8% during the third quarter. Quantinno Capital Management LP now owns 2,318 shares of the company's stock worth $253,000 after buying an additional 415 shares during the period. Finally, Stifel Financial Corp grew its holdings in shares of e.l.f. Beauty by 57.7% during the third quarter. Stifel Financial Corp now owns 28,244 shares of the company's stock valued at $3,079,000 after buying an additional 10,332 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Remove Ads

e.l.f. Beauty Price Performance

Shares of ELF stock traded down $0.20 during trading hours on Friday, hitting $53.60. 3,523,420 shares of the company's stock were exchanged, compared to its average volume of 2,334,297. The firm has a market cap of $3.02 billion, a P/E ratio of 31.71, a P/E/G ratio of 6.76 and a beta of 1.41. The firm has a 50 day moving average of $66.75 and a two-hundred day moving average of $101.15. 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 fifty-two week low of $49.90 and a fifty-two week high of $219.77.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. Sell-side analysts forecast that e.l.f. Beauty, Inc. will post 2.38 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on ELF shares. Raymond James lowered their price target on e.l.f. Beauty from $175.00 to $120.00 and set a "strong-buy" rating for the company in a research report on Friday, February 7th. Canaccord Genuity Group dropped their target price on 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. The Goldman Sachs Group reduced their price target on shares of e.l.f. Beauty from $142.00 to $124.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Stifel Nicolaus dropped their price objective on shares of e.l.f. Beauty from $115.00 to $105.00 and set a "hold" rating on the stock in a report on Monday, February 3rd. Finally, B. Riley reissued a "buy" rating and set a $90.00 target price (down previously from $150.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, e.l.f. Beauty presently has an average rating of "Moderate Buy" and a consensus target price of $124.76.

Insider Transactions at e.l.f. Beauty

In related news, Director Maureen C. Watson sold 4,000 shares of the company's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $67.39, for a total transaction of $269,560.00. Following the completion of the sale, the director now owns 1,888 shares of the company's stock, valued at approximately $127,232.32. This represents a 67.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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.