State Street Corp Raises Position in e.l.f. Beauty, Inc. (NYSE:ELF)

State Street Corp grew its stake in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 3.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,665,203 shares of the company's stock after purchasing an additional 59,248 shares during the quarter. State Street Corp owned approximately 2.96% of e.l.f. Beauty worth $181,557,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Stifel Financial Corp lifted its holdings in shares of e.l.f. Beauty by 57.7% in the third quarter. Stifel Financial Corp now owns 28,244 shares of the company's stock valued at $3,079,000 after purchasing an additional 10,332 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in shares of e.l.f. Beauty by 21.8% in the third quarter. Quantinno Capital Management LP now owns 2,318 shares of the company's stock valued at $253,000 after purchasing an additional 415 shares in the last quarter. Quarry LP bought a new stake in e.l.f. Beauty during the third quarter worth $62,000. Menard Financial Group LLC lifted its holdings in e.l.f. Beauty by 35.1% during the third quarter. Menard Financial Group LLC now owns 3,747 shares of the company's stock worth $409,000 after acquiring an additional 973 shares during the period. Finally, IHT Wealth Management LLC lifted its holdings in e.l.f. Beauty by 13.4% during the third quarter. IHT Wealth Management LLC now owns 6,511 shares of the company's stock worth $708,000 after acquiring an additional 767 shares during the period. Institutional investors own 92.44% of the company's stock.

Insider Transactions at e.l.f. Beauty

In other news, 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 completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Tarang Amin sold 890 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 $122,464.00. Following the completion of the transaction, the chief executive officer now directly owns 99,699 shares of the company's stock, valued at approximately $13,718,582.40. This trade represents a 0.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,205 shares of company stock worth $297,442 over the last quarter. 3.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently commented on the company. The Goldman Sachs Group assumed coverage on e.l.f. Beauty in a report on Friday. They set a "buy" rating and a $165.00 price target on the stock. Piper Sandler reissued an "overweight" rating and issued a $165.00 target price (up from $162.00) on shares of e.l.f. Beauty in a research report on Thursday, November 7th. DA Davidson reissued a "buy" rating and set a $170.00 price objective on shares of e.l.f. Beauty in a research note on Wednesday. Jefferies Financial Group dropped their price target on e.l.f. Beauty from $220.00 to $175.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. lowered their target price on e.l.f. Beauty from $167.00 to $154.00 and set an "overweight" rating for the company in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $170.65.

e.l.f. Beauty Stock Up 4.3 %

Shares of ELF stock traded up $5.65 during midday trading on Friday, reaching $137.16. 734,351 shares of the stock were exchanged, compared to its average volume of 1,957,569. e.l.f. Beauty, Inc. has a 1 year low of $98.50 and a 1 year high of $221.83. The company's 50 day moving average is $118.27 and its two-hundred day moving average is $149.58. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.22. The firm has a market cap of $7.73 billion, a PE ratio of 72.38, a price-to-earnings-growth ratio of 3.03 and a beta of 1.49.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates 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 return on equity of 19.34% and a net margin of 8.87%. The business's revenue for the quarter was up 39.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.66 EPS. On average, equities research analysts predict 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.