Oddo BHF Asset Management Sas Makes New $1.16 Million Investment in e.l.f. Beauty, Inc. (NYSE:ELF)

Oddo BHF Asset Management Sas bought a new position in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 10,640 shares of the company's stock, valued at approximately $1,160,000.

Several other institutional investors and hedge funds have also made changes to their positions in ELF. Wilmington Savings Fund Society FSB purchased a new position in e.l.f. Beauty in the 3rd quarter worth about $25,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of e.l.f. Beauty during the second quarter worth approximately $26,000. Innealta Capital LLC bought a new stake in shares of e.l.f. Beauty during the second quarter valued at approximately $30,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of e.l.f. Beauty by 405.9% in 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. Finally, Crewe Advisors LLC grew its stake in e.l.f. Beauty by 456.3% in the second quarter. Crewe Advisors LLC now owns 178 shares of the company's stock worth $38,000 after purchasing an additional 146 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ELF shares. Jefferies Financial Group decreased their target price on e.l.f. Beauty from $220.00 to $175.00 and set a "buy" rating for the company in a research report on Wednesday, October 30th. Robert W. Baird decreased their price objective 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 report on Thursday. They set a "hold" rating and a $133.00 target price on the stock. The Goldman Sachs Group assumed coverage on shares of e.l.f. Beauty in a report on Friday. They issued a "buy" rating and a $165.00 price target for the company. Finally, Morgan Stanley dropped their price objective on shares of 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. One equities research 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $170.65.

Insiders Place Their Bets

In related news, insider Scott Milsten sold 530 shares of the firm's stock in a transaction on Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $72,928.00. Following the completion of the transaction, the insider now owns 68,853 shares of the company's stock, valued at $9,474,172.80. This trade represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Maureen C. Watson sold 785 shares of the business's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $130.00, for a total transaction of $102,050.00. Following the transaction, the director now owns 1,888 shares of the company's stock, valued at $245,440. This represents a 29.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,205 shares of company stock valued at $297,442. 3.50% of the stock is owned by company insiders.

e.l.f. Beauty Stock Up 6.9 %

NYSE:ELF traded up $9.12 during mid-day trading on Friday, hitting $140.63. 1,565,608 shares of the company's stock traded hands, compared to its average volume of 1,961,116. The company has a fifty day moving average of $118.97 and a 200 day moving average of $149.23. 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, Inc. has a twelve month low of $98.50 and a twelve month high of $221.83. The company has a market capitalization of $7.92 billion, a P/E ratio of 76.00, a P/E/G ratio of 3.03 and a beta of 1.49.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.34. The firm had revenue of $301.10 million for the quarter, compared to the consensus estimate of $289.43 million. e.l.f. Beauty had a net margin of 8.87% and a return on equity of 19.34%. The company's revenue for the quarter was up 39.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.66 earnings per share. On average, analysts forecast 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, 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.