e.l.f. Beauty, Inc. (NYSE:ELF) Position Lifted by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in shares of e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 2.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 955,064 shares of the company's stock after purchasing an additional 24,778 shares during the quarter. Geode Capital Management LLC owned approximately 1.70% of e.l.f. Beauty worth $104,158,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ELF. Ashton Thomas Private Wealth LLC purchased a new stake in e.l.f. Beauty in the 2nd quarter valued at approximately $26,000. Innealta Capital LLC acquired a new stake in shares of e.l.f. Beauty during the second quarter valued at $30,000. Whittier Trust Co. of Nevada Inc. increased its position in e.l.f. Beauty by 405.9% during 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 in the last quarter. Crewe Advisors LLC raised its stake in e.l.f. Beauty by 456.3% in the 2nd 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 last quarter. Finally, Summit Securities Group LLC purchased a new position in e.l.f. Beauty in the 2nd quarter valued at about $80,000. Institutional investors and hedge funds own 92.44% of the company's stock.

e.l.f. Beauty Trading Up 1.5 %

Shares of ELF stock traded up $1.89 during mid-day trading on Thursday, reaching $129.09. The company's stock had a trading volume of 1,142,488 shares, compared to its average volume of 1,951,559. 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 market capitalization of $7.27 billion, a PE ratio of 69.78, a price-to-earnings-growth ratio of 3.03 and a beta of 1.49. The company's 50 day simple moving average is $120.80 and its 200-day simple moving average is $147.87. e.l.f. Beauty, Inc. has a 12-month low of $98.50 and a 12-month high of $221.83.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 EPS 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 for the quarter, compared to analyst estimates of $289.43 million. During the same period last year, the company posted $0.66 earnings per share. The firm's revenue was up 39.7% compared to the same quarter last year. On average, research analysts predict that e.l.f. Beauty, Inc. will post 2.8 EPS for the current fiscal year.

Insiders Place Their Bets

In other e.l.f. Beauty news, CEO Tarang Amin sold 890 shares of the business's stock in a transaction on Friday, December 6th. The shares were 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 $13,718,582.40. The trade was a 0.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Scott Milsten sold 530 shares of the firm's stock in a transaction dated Friday, December 6th. The shares were 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 worth $297,442 in the last 90 days. 3.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on ELF. Canaccord Genuity Group lowered their price target on shares of 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. Deutsche Bank Aktiengesellschaft began coverage on shares of e.l.f. Beauty in a research note on Thursday, December 12th. They issued a "hold" rating and a $133.00 target price for the company. Morgan Stanley reduced their price target on e.l.f. Beauty from $184.00 to $139.00 and set an "equal weight" rating on the stock in a research note on Monday, September 30th. Piper Sandler reiterated an "overweight" rating and issued a $165.00 target price (up from $162.00) on shares of e.l.f. Beauty in a research note on Thursday, November 7th. Finally, Truist Financial raised their price target on e.l.f. Beauty from $130.00 to $150.00 and gave the stock a "buy" rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, e.l.f. Beauty currently has a consensus rating of "Moderate Buy" and a consensus price target of $171.82.

About e.l.f. Beauty

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.